In the previous week (Week 10), Craig was considering opening a retail nursery. You helped him prepare a CVP analysis. He is in his final stages of approving this opportunity. Before he gives it the green light, he would like you to do an analysis on credit and debit card fees to see how this will affect his overall costs. Craig expects sales in the first quarter to be \\( \\$ 40,000 \\). Craig expects his average sale in the retail shop to be \\( \\$ 50 \\). To help overall sales Craig would like to accept credit and debit cards. You expect about \15 of sales being paid with cash; \75 to be paid with credit cards and remaining \10 with debit cards. The bank has provided you with the following transaction fees for accepting credit and debit cards: Credit Cards: \\( \\quad \\$ .50 \\) per transaction \+2 of the amount charged Debit Cards: \\( \\quad \\$ .20 \\) per transaction \+1 of the amount charged Answer the following questions to help Craig decide if he should open the retail establishment. Record your answers on this Word document under the appropriate number. Be sure to show your work for your answers. 1. How much of the total sales revenue is expected to be paid in cash? 2. How many customer transactions does the company expect to have in the first quarter? 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 this quarter's operating expenses, how much should Craig 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 this quarter's operating expenses, how much should the nursery expect to incur in debit card transaction fees? 9. How much money will be deposited in Craig's bank account during the quarter related to credit and debit card sales? Assume the funds are deposited at the end of the same say the transactions occur (there is no processing delay). Hint: Use answers from previous questions to help answer this. 10. What is the total amount of money that the restaurant expects to deposit in its bank account during the quarter from cash, credit card and debit card sales? Again, assume funds are deposited on the same day