Having enough on that credit
Answer:
Budgeted operating expense for Credit Card transactions:
Credit Card Transaction fee $0.20 x 30,000 + 1.5% of $9,000,000 = $141,000
Explanation:
The first element of the budgeted expense is $0.20 of 30,000 transactions. This gives a value of $6,000.
The second element is 1.5% of the transaction value. This gives a value of $135,000.
When added up, we have a total of $141,000 as the total expense to be budgeted for credit card transactions.
The essence of having such separate charges is to capture the volume of transactions as well as the value. Transaction-based services are usually priced to include costs based on volume and value.
It is generally considered to be fair for the two parties involved. Sometimes, the volume may be less but the value more and vice versa. In order to compensate the service provider fairly, such arrangements are made to integrate volume and value in the pricing scheme.
The value of foreign goods purchased exceeded the value of goods sold to foreigners during the current year.
To solve the problem we are going to take into account a system of equations:
Let:
x = number of tulips
y = amount of daffodils
We have then:
x + y = 15
5x + 2y = 45
Resolving we have:
Step 1:
Multiply equation 1 by 2
2x + 2y = 30
5x + 2y = 45
Step 2:
subtract equation two from one:
3x = 15
x = 15/3 = 5
Step 3:
Clear y:
x + y = 15
y = 15-x
y = 15-5
y = 10
answer:
she should use 5 tulips and 10 daffodils
it expanded in cotton sales, if that's the time period u are speaking of...
