achel's Beach Shoppe charges tourists to use their credit cards to purchase merchandise at the vacation...
achel's Beach Shoppe charges tourists to use their credit cards to purchase merchandise at the vacation store. On Monday, Rachel sold $4500 in merchandise to tourists that used their credit cards to purchase beachwear at the store. The bank charges Rachel's store 1.30% of the total credit card purchases per day to settle the credit transactions. What is the total deposit Rachel expects the bank to deposit into her account after the total bank fees and charges are taken out of the credit purchases on Monday? $58.50 $4558.50 $4500.00 $4441.50
Homework Answers
| Correct option is: $4,441.50 | |||
| Workings: | |||
| Transaction amount | = | $ 4,500.00 | |
| Less: | Credit card charges ($4500 X 1.3%) | = | $ 58.50 |
| Expected amount to be deposited in bank | = | $ 4,441.50 |
Add Answer to:
achel's Beach Shoppe charges tourists to use their credit cards to purchase merchandise at the vacation...
Rachel's Beach Shoppe charges tourists to use their credit cards to purchase merchandise at the vacation...
Rachel's Beach Shoppe charges tourists to use their credit cards to purchase merchandise at the vacation store on Monday, Rachel sold $2,000 in merchandise to tourists that used their credit cards to purchase beachwear at the store. The bank charges Rachel's store 1.8% of the total credit card purchases per day to settle the credit transactions. What is the total deposit Rachel expects the bank to deposit into her account after the total bark fees and charges are taken out...
Slate Corner Shoppe is a local convenience store with the following information: (Click the icon to view the informatio...
Slate Corner Shoppe is a local convenience store with the following information: (Click the icon to view the information.) Read the requirements. Requirement 1. Prepare the sales budget for November and December. Slate Corner Shoppe Sales Budget For the Months of November and December November December Cash sales Credit sales Total sales • October sales were $220,000. Sales are projected to go up by 15% in November (from the October sales) and another 30% in December (from the November sales)...
E9-35A (similar to) luery Comer Shoppe a local convenience tore with he ftowing intomation M O...
E9-35A (similar to) luery Comer Shoppe a local convenience tore with he ftowing intomation M O he oon to vew he ntmaton) Read the eurements Requirement 1. Prepare the sales budget for November and December. Slattery Comer Sheppe Sales Budget For the Months of Nevember and December Nevember December Cash sales Credt sales Total sales Data Table Octeber sales were S200.000. • Sales are projected to go up by 10% in November rom the October sales) anether 25% in December...
Question 1 On September 12, 8 customers use debit cards to purchase merchandise totalling $580 from...
Question 1 On September 12, 8 customers use debit cards to purchase merchandise totalling $580 from Sunland Company. The bank charges Sunland Company $0.80 per debit card transaction. Prepare the entry to record the transactions by Sunland Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 15.75.) Date...
Were using the Purchases accounts for this problem, so no merchandise inventory account. Need the journal...
Were using the Purchases accounts for this problem, so no
merchandise inventory account. Need the journal entries.
DATE TRANSACTIONS 2016 Jan. 1 William Evans started Evans Distributors with an investment of $49,000. He also invested personal business supplies worth $1,000. Purchased merchandise for cash, $10,500, Check 100. Sold merchandise on account to Chu Corporation, $750, terms 2/10, 1/30, Invoice 1001. Purchased merchandise on account from Whitson Company, $1,800, terms 1/10, n/30, Invoice 1125. Received and paid freight charges related to...
13. Personal Bankruptcy Procedures. W CENGAGE MINDTAP Enrollmer a sea Ch 06: Assignment - Using Credit...
13. Personal Bankruptcy Procedures. W CENGAGE MINDTAP Enrollmer a sea Ch 06: Assignment - Using Credit Term Answer Credit scoring Description A. Debit card B. Under this piece of federal legislation, credit card statements must be sent our 21 days before the due date. This professional financial advisor, in return for a fee, represent overextended consumers in negotiations with creditors. The advisor's objectives are often to reduce the size of consumers' payments, the size of their debt, or both Purchases...
In addition to purchasing the franchise, Top Quality Appliance-Long Beach will also purchase land...
2 through 8 please.
In addition to purchasing the franchise, Top Quality Appliance-Long Beach will also purchase land with an existing building to use for its retail store, store fixtures, and office equipment. The business will purchase appliances from TQA and resell them in its store, primarily to local building contractors for installation in new homes Following is the chart of accounts for Top Quality Appliance-Long Beach. As a new business, all beginning balances are SO Top Quality Appliance-Long Beach...
Prepare the following budgets for November and December: 1. Sales budget 2. Cost of goods sold,...
Prepare the following budgets for November and December: 1. Sales budget 2. Cost of goods sold, inventory, and purchases budget 3. Operating expense budget 4. Budgeted income statement October sales were $260,000. Sales are projected to go up by 8% in November (from the October sales) and another 25% in December (from the November sales) and then return to the October level in January. 25% of sales are made in cash, while the remaining 75% are paid by credit or...
Homework: P9-72B Save 1 of 1 (0 completa) Score: 0 of 8 pts P9-72B (similar to)...
Homework: P9-72B Save 1 of 1 (0 completa) Score: 0 of 8 pts P9-72B (similar to) HW Score: 0%, 0 of 8 pts Question Help O Discount Dollar Store is a local discount store with the following information: (Click the icon to view the information.) i Read the requirements. Data Table Requirement 1. Prepare the sales budget for November and December Discount Dollar Store Sales Budget For the Months of November and December November December Cash sales Credit sales Total...
Discount Plus Store is a local discount store with the following information: (Click the icon to...
Discount Plus Store is a local discount store with the following information: (Click the icon to view the information.) Read the requirements. Requirement 1. Prepare the sales budget for November and December. Discount Plus Store Sales Budget For the Months of November and December November December Cash sales Credit sales Total sales f Requirements Prepare the following budgets for November and December: 1. Sales budget 2. Cost of goods sold, inventory, and purchases budget 3. Operating expense budget 4. Budgeted...
Rachel's Beach Shoppe charges tourists to use their credit cards to purchase merchandise at the vacation store on Monday, Rachel sold $2,000 in merchandise to tourists that used their credit cards to purchase beachwear at the store. The bank charges Rachel's store 1.8% of the total credit card purchases per day to settle the credit transactions. What is the total deposit Rachel expects the bank to deposit into her account after the total bark fees and charges are taken out...
Slate Corner Shoppe is a local convenience store with the following information: (Click the icon to view the information.) Read the requirements. Requirement 1. Prepare the sales budget for November and December. Slate Corner Shoppe Sales Budget For the Months of November and December November December Cash sales Credit sales Total sales • October sales were $220,000. Sales are projected to go up by 15% in November (from the October sales) and another 30% in December (from the November sales)...
E9-35A (similar to) luery Comer Shoppe a local convenience tore with he ftowing intomation M O he oon to vew he ntmaton) Read the eurements Requirement 1. Prepare the sales budget for November and December. Slattery Comer Sheppe Sales Budget For the Months of Nevember and December Nevember December Cash sales Credt sales Total sales Data Table Octeber sales were S200.000. • Sales are projected to go up by 10% in November rom the October sales) anether 25% in December...
Were using the Purchases accounts for this problem, so no
merchandise inventory account. Need the journal entries.
DATE TRANSACTIONS 2016 Jan. 1 William Evans started Evans Distributors with an investment of $49,000. He also invested personal business supplies worth $1,000. Purchased merchandise for cash, $10,500, Check 100. Sold merchandise on account to Chu Corporation, $750, terms 2/10, 1/30, Invoice 1001. Purchased merchandise on account from Whitson Company, $1,800, terms 1/10, n/30, Invoice 1125. Received and paid freight charges related to...
13. Personal Bankruptcy Procedures. W CENGAGE MINDTAP Enrollmer a sea Ch 06: Assignment - Using Credit Term Answer Credit scoring Description A. Debit card B. Under this piece of federal legislation, credit card statements must be sent our 21 days before the due date. This professional financial advisor, in return for a fee, represent overextended consumers in negotiations with creditors. The advisor's objectives are often to reduce the size of consumers' payments, the size of their debt, or both Purchases...
2 through 8 please.
In addition to purchasing the franchise, Top Quality Appliance-Long Beach will also purchase land with an existing building to use for its retail store, store fixtures, and office equipment. The business will purchase appliances from TQA and resell them in its store, primarily to local building contractors for installation in new homes Following is the chart of accounts for Top Quality Appliance-Long Beach. As a new business, all beginning balances are SO Top Quality Appliance-Long Beach...
Prepare the following budgets for November and December: 1. Sales budget 2. Cost of goods sold, inventory, and purchases budget 3. Operating expense budget 4. Budgeted income statement October sales were $260,000. Sales are projected to go up by 8% in November (from the October sales) and another 25% in December (from the November sales) and then return to the October level in January. 25% of sales are made in cash, while the remaining 75% are paid by credit or...
Homework: P9-72B Save 1 of 1 (0 completa) Score: 0 of 8 pts P9-72B (similar to) HW Score: 0%, 0 of 8 pts Question Help O Discount Dollar Store is a local discount store with the following information: (Click the icon to view the information.) i Read the requirements. Data Table Requirement 1. Prepare the sales budget for November and December Discount Dollar Store Sales Budget For the Months of November and December November December Cash sales Credit sales Total...
Discount Plus Store is a local discount store with the following information: (Click the icon to view the information.) Read the requirements. Requirement 1. Prepare the sales budget for November and December. Discount Plus Store Sales Budget For the Months of November and December November December Cash sales Credit sales Total sales f Requirements Prepare the following budgets for November and December: 1. Sales budget 2. Cost of goods sold, inventory, and purchases budget 3. Operating expense budget 4. Budgeted...
Most questions answered within 3 hours.
-
Which of the following statements is true regarding the nature
of culture?
A.We are born with...
asked 3 minutes ago -
(a) 2
NO2(g) à 2
NO(g) +
O2(g)
The rate law for this reaction
is 2nd...
asked 6 minutes ago -
Write the overall reaction for the RedOx
reaction (below) when it occurs in an acidic environment....
asked 13 minutes ago -
Two forces are acting on an object. Force 1 on the object is 6.0
N and...
asked 14 minutes ago -
You are planning for retirement. You plan to work for 20 years.
Starting a year from...
asked 27 minutes ago -
The African Adventures exhibit water system holds approximately
850,000 gallons (3.2x109 g) of water. The temperature...
asked 19 minutes ago -
which of the following is capital?
the barn a farmer uses to hold the chickens he...
asked 29 minutes ago -
Attribute
Sample Value
Sample Value
Sample Value
Sample Value
pirate_num
11
22
43
54
pirate_lname
James...
asked 22 minutes ago -
10. Two forces act on a 3 kg object, the gravitational force and
a second, constant...
asked 39 minutes ago -
Dividing Partnership Net Loss
Leigh Meadows and Byron Leef formed a partnership in which the
partnership...
asked 36 minutes ago -
Discuss how Entrepreneurial leadership style differs
from traditional leadership?
asked 1 hour ago -
A futuristic design for a car is to have a large solid
disk-shaped flywheel within the...
asked 1 hour ago