Bramble Corp. accepted a national credit card for a $10200 purchase. The cost of the goods sold is $6200. The credit card company charges a 2% fee. What is the impact of this transaction on net operating income?

It reduces the net operating income by $2,040

Explanation:

The charge of 2% on sales is part of the selling and distribution expense which would be deducted from the gross profit to get the operating profit or net income/(loss).

The credit card charge amounts to

= 2% × $102,000

= $2,040

As such, the charge by the credit card company reduces net operating income by $2,040.

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