Business, 31.07.2020 19:01 vicjenj528

Ace Credit Card Company agrees to transfer cash to Seller Company deposit of that company's credit card sales sales. If Seller Company deposits $57,300 credit eard statements is true? A. Ace will receive $56,154 cash from Seller Company
B. Seller Company will receive cash $56,154 from Ace
C. Ace will receive $57,300 cash from Seller Company
D. Seller Company will receive $57,300 cash from Ace
E. Ace will pay Seller Company a $1,146 credit card fee

Answers: 2

Show answers

Answers

Answer from: hgfgu1015

The question is incomplete, below is a possible match of the complete question:

Ace Credit Card Company agrees to transfer cash to Seller Company immediately upon deposit of that company's credit card sales receipts. Ace charges a 2% fee for all credit card sales. If Seller Company deposits $57,300 credit card sales receipts, which of the following statements are true?

A. Ace will receive $56,154 cash from Seller Company

B. Seller Company will receive cash $56,154 from Ace

C. Ace will receive $57,300 cash from Seller Company

D. Seller Company will receive $57,300 cash from Ace

E. Ace will pay Seller Company a $1,146 credit card fee

The correct answer is:

Seller Company will receive cash $56,154 from Ace (B)

Explanation:

Since Ace charges a 2% fee for all credit card sales, for a deposit of $57,300 by Seller company, the 2% service charge will be deducted, and to find how much cash seller company will receive, we will calculate the balance on the deposited amount after the 2% fee has been deducted. This is done as follows.

2% of $57,300 = 2/100 × 57,300

= 0.02 × 57,300 = $1,146

Therefore, balance after deduction:

= 57,300 - 1,146 = $56,154

Hence, seller company will receive a cash of $56,154 from Ace for the credit card sales.

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answer from: Quest

the amount of money you earn by working is your income.

the percentage of people actively looking for a job is called unemployment.

Another question on Business

Business, 21.06.2019 22:10

Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior

Answers: 2

Answer

Business, 22.06.2019 01:00

Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.

Answers: 3

Answer

Business, 22.06.2019 09:40

Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)

Answers: 1

Answer

Business, 22.06.2019 10:30

Describe three scenarios in which you might utilize mathematics to investigate a crime scene, accident scene, or to make decisions involving police practice. be sure to explain how math is used in police as they work through each scenario.

Answers: 1

Answer

You know the right answer?

Ace Credit Card Company agrees to transfer cash to Seller Company deposit of that company's credit c...

Questions