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RideAnS [48]
3 years ago
6

McGregor Company allows customers to pay with credit cards. The credit card company charges McGregor 3% of the sale. When a cust

omer uses a credit card to pay McGregor $200 for services provided, McGregor would:________-
Business
1 answer:
Natalka [10]3 years ago
5 0

Answer:

McGregor would Debit Service Fee Expense for $6.

Explanation:

Data provided in the question:

Fee charged by the credit card company = 3% of the sales

Amount of payment made by the customer to McGregor for the service = $200

Now,

The amount of fees charged on the transaction bu the credit card company

= 3% of $200

= 0.03 × $200

= $6

Since, this fees is an expense for the McGregor

Hence,

McGregor would Debit Service Fee Expense for $6.

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maria [59]

Answer:

At the end of year 4 (one year before the first cash flow)

Explanation:

According to the present value of perpetuity concept here we divided the predicted cash flows by the rate of that period by calculating this it provides the present value that is prior to the cash flow now if we want for more years so we should have to discount over that time period

Since in the given situation the starting of the cash flows is from the ending of year 5 therefore the timeline would be at the closing of year 4 i..e one year prior to the first cash flow

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3 years ago
The $787 billion stimulus package passed in the united states in 2009 focused more on spending than on taxes partly because
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3 years ago
Imagine the tea market has a demand function of QDX = 10 – 2PX and a supply function of QSX = PX − 2, where PX is the price of t
scoundrel [369]

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Call me 7061528052 call me at the end of the most important thing is that the only way to get to see the place of business and the rest of the most important thing is that the total number of

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3 0
2 years ago
A customer opens an account at a brokerage firm to purchase securities in an offering. The customer must receive the disclosure
zhuklara [117]

Answer:

The correct option is A

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3 0
3 years ago
Determine the value of z.
TiliK225 [7]

Explanation:

Let angle y be the unknown angle inside the triangle.

given

y + 87 + 34 = 180 (sum of angles in a triangle)

y + 87 + 34 = 180 \\ y + 121 = 180 \\ y = 180 - 121 \\  = 59

given y + z = 180 (angles on same straight line)

y + z = 180 \\ 59 + z = 180 \\ z = 180 - 59 \\  = 121

3 0
2 years ago
Read 2 more answers
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