50.1K

Verified Solution

Link Copied!

credt cards and 20% with debit cards. The trantaction fees charged by the credt and debit card isevers are as follows. Crect cants: 10.55 per tarsaction + 2% of the anount charged Deblel carde' 5060 per transaction +1% of the amount charged Read the fecuirements Requirement 1. How much of the total sales revenue is expected to be paid in cask? The total nales revenue expected to be paid in cash is Pequirement 2. Hiow many aistomer transactions does the company expect in Jaruary? In January, the number of transacbons the company espocts is Requirement 3. How much of the total sales revenue is erpected to be paid with credt cards? The total sales revernee expected to be paid with credit cards is Recquirement 4. How many customer transactions wit be paid for by oastomers using credt cands? The rumber of customer traceactions pad for using credit cards is Requirement 5. When budgeting for januay's cocratry expensen, how much should the tostaurant expect to incur in credit cand transaction fees? in January te testaurant should expect to mour transaction fees of Requirement 6. How much of the total sahs revenae is expectod to be paid with debit cards? The iotal sales rerenue expected to be perif with detiat carth in Requirement 7. How many customer transactions will be paid for by oustomers using debif cards? The number of oustomee trantacions paid for by eustoevers using dekit carit is Requirement 8. When bodgeting for January's operating expenses, how much should the restaurant expect fo incur in debit card transaction fees? In January, the restaurant should expect to incur debit card transaction fees of Requirement 9. How much money will be deposted in the restauranrs bank account during the month of January related to cedit and debir card sales? Assume the cedit and detit card issuect deposit the funds on the same day the transactions occur at the restaurant (there is no processing delay). The amount that will be deposited in the reataurants bark accourt during the month of January related to credt and debit card soles is assume the credit and detit card issuers deposit the funds on the same day that the transaction occurs. The amount that wil be deposited in the restauranf's bark account during the month of January from cash, credt card, and and detit card sales is Requirements 1. How much of the total sales revenue is expected to be paid in cash? 2. How many customer transactions does the company expect in January? 3. How much of the total sales revenue is expected to be paid with credit cards? 4. How many customer transactions will be paid for by customers using credit cards? 5. When budgeting for January's operating expenses, how much should the restaurant expect to incur in credit card transaction fees? 6. How much of the total sales revenue is expected to be paid with debit cards? 7. How many customer transactions will be paid for by customers using debit cards? 8. When budgeting for January's operating expenses, how much should the restaurant expect to incur in debit card transaction fees? 9. How much money will be deposited in the restaurant's bank account during the month of January related to credit and debit card sales? Assume the credit and debit card issuers deposit the funds on the same day the transactions occur at the restaurant (there is no processing delay). 10. What is the total amount of money that the restaurant expects to deposit in its bank account during the month of January from cash, credit card, and debit card sales? Again assume the credit and debit card issuers deposit the funds on the same day that the transaction occurs. credt cards and 20% with debit cards. The trantaction fees charged by the credt and debit card isevers are as follows. Crect cants: 10.55 per tarsaction + 2% of the anount charged Deblel carde' 5060 per transaction +1% of the amount charged Read the fecuirements Requirement 1. How much of the total sales revenue is expected to be paid in cask? The total nales revenue expected to be paid in cash is Pequirement 2. Hiow many aistomer transactions does the company expect in Jaruary? In January, the number of transacbons the company espocts is Requirement 3. How much of the total sales revenue is erpected to be paid with credt cards? The total sales revernee expected to be paid with credit cards is Recquirement 4. How many customer transactions wit be paid for by oastomers using credt cands? The rumber of customer traceactions pad for using credit cards is Requirement 5. When budgeting for januay's cocratry expensen, how much should the tostaurant expect to incur in credit cand transaction fees? in January te testaurant should expect to mour transaction fees of Requirement 6. How much of the total sahs revenae is expectod to be paid with debit cards? The iotal sales rerenue expected to be perif with detiat carth in Requirement 7. How many customer transactions will be paid for by oustomers using debif cards? The number of oustomee trantacions paid for by eustoevers using dekit carit is Requirement \&. When budgetng for January's operating expenses, how much shouid the restaurant expect to incur in debit card transactian fess? in January, the rettaurant shousd expoct to incur debit card transaction fees of feposit the funds on the same day the transactions occur at the restaurant (there is no proceasing delay). The amount that will be deposited in the restauranf's bank acoount during the month of January rolated so credit and debit card stsume the credit and debit card issuers deposit the funds on the same day that the transaction occurs. The amount that will bo depotited in the rostauirant's bank account during the month of January from cash, credit card, and and dobit card saies is Requirements 1. How much of the total sales revenue is expected to be paid in cash? 2. How many customer transactions does the company expect in January? 3. How much of the total sales revenue is expected to be paid with credit cards? 4. How many customer transactions will be paid for by customers using credit cards? 5. When budgeting for January's operating expenses, how much should the restaurant expect to incur in credit card transaction fees? 6. How much of the total sales revenue is expected to be paid with debit cards? 7. How many customer transactions will be paid for by customers using debit cards? 8. When budgeting for January's operating expenses, how much should the restaurant expect to incur in debit card transaction fees? 9. How much money will be deposited in the restaurant's bank account during the month of January related to credit and debit card sales? Assume the credit and debit card issuers deposit the funds on the same day the transactions occur at the restaurant (there is no processing delay). 10. What is the total amount of money that the restaurant expects to deposit in its bank account during the month of January from cash, credit card, and debit card sales? Again assume the credit and debit card issuers deposit the funds on the same day that the transaction occurs