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PSYCHO15rus [73]
3 years ago
6

Customer World expects credit card companies to deposit funds in their business account for their sales where a customer uses a

credit card to pay. If Customer World earned $80 from a sale and the transaction fee was $1.50, how much should Customer World expect the credit card company to deposit into their business account?
Business
2 answers:
zhenek [66]3 years ago
8 0

Answer:

$78.50

Explanation:

Customer Ward earned $80 for a transaction with a transaction fee of $1.5.

In Retail Credit Card, the business (in this case Customer World) is expected to assume all transaction fees and charges.

Therefore, Customer World would expect the Credit card company to deduct the transaction charge before deposition into their account.

The amount to be deposited is:

$80-$1.5

=$78.5

The Credit Card company will deposit $78.50 into Customer World's Business Account.

aleksandr82 [10.1K]3 years ago
3 0

Answer:

$78.50

Explanation:

There are two ways to record credit card sales:

1) If the credit card company pays immediately:

Dr Cash 78.50

Dr Credit card fees 1.50

    Cr Sales revenue 80

2) If the credit card company pays at a later date:

Dr Accounts receivable 80

    Cr Sales revenue 80

once the credit card company pays

Dr Cash 78.50

Dr Credit card fees 1.50

    Cr Accounts receivable 80

Whichever way you choose to record the transaction, the total amount collected will be = total sales - credit card fees = $80 - $1.50 = $78.50

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Preferred stock is a type of  investment security which represent ownership in a corporation and is also a debt instrument of the company.

Explanation:

<u>Preferred stock is a type of  investment security which represent ownership in a corporation and is also a debt instrument of the company</u>.It is basically of 5 types

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Preferred stock comes in many varieties.

<u>Cumulative  preferred stock</u> includes a requirement that past dividends not paid must be paid in future years before any common stock dividends may be paid.

<u> Participatory preferred stock </u>includes the ability to collect dividends with the common stock owners after all preferred dividends have been paid.

<u> </u><u>Convertible preferred stock </u>may be turned in for common stock under certain conditions.

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3 years ago
Newhard Company assigns overhead cost to jobs on the basis of 125% of direct labor cost. The job cost sheet for Job 313 includes
erik [133]

Answer:

A) manufacturing costs= $37,000

B) Unitary cost= $37

Explanation:

Giving the following information:

Newhard Company assigns overhead costs to jobs based on 125% of direct labor cost.

The job cost sheet for Job 313 includes $10,000 in direct materials cost and $12,000 in direct labor cost.

A total of 1,000 units were produced in Job 313.

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manufacturing costs= 10000 + 12000 + (12000*1.25)= $37,000

B) Unitary cost= 37000/1000= $37

5 0
3 years ago
Devin had worked for his company for several years and was considered to be a politically savvy employee. After earning several
alexgriva [62]

Answer:

informal organization.

Explanation:

An informal organization is the social structure of an institution in which it works  differently from the formal type of organization. In this form of organization social relations are built among the members of same organization or institution. This form of organization functions differently from formal type of organization as it involves building relationships, communities, social network, and emotional connection.

<u>In the given scenario, Nina and Devin shares the informal organizational form of human side. They both work in the same organization and have developed a relationship. Nina has made use of the informal organization to push her agenda. If she would have taken formal organizational form then she would have to work hard to push her agenda and follow the organizational pattern</u>.

Thus the correct answer is informal organization.

8 0
3 years ago
Why is silk smooth ? A long thin fibers B genetic engineering C being harvested in the wild D being made by worms
Marysya12 [62]
A i think. Im not sure though.

3 0
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Mamont248 [21]

Answer:

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Explanation:

Since in the question it is given that the supply curve in the Sudanese slave trade should be perfectly inelastic and every slave purchased by redeemers that determines that it should be one less slave held in captivity

Therefore in the given case it should be inelastic and one less slave

hence, the correct option is B

Also inelastic means less than one

3 0
3 years ago
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