Respuesta :
Answer:
a. How much of the total sales revenue is expected to be paid in​cash?
- $855,000
b. How many customer transactions does the company expect in​January?
- 19,000
c. How much of the total sales revenue is expected to be paid with credit​ cards?
- $171,000
d. How many customer transactions will be paid for by customers using credit​cards?
- 11,400
e. When budgeting for​ January's operating​ expenses, how much should the restaurant expect to incur in credit card transaction​fees?
- $10,260
f. How much of the total sales revenue is expected to be paid with debit​ cards?
- $57,000
g. How many customer transactions will be paid for by customers using debit​cards?
- 3,800
h. When budgeting for​ January's operating​ expenses, how much should the restaurant expect to incur in debit card transaction​fees?
- $2,660
i. 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).
- $215,080
j. 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.
- $272,080
Explanation:
total sales $285,000 / $15 = 19,000 customers
- cash sales = $285,000 x 20% Â = $57,000
- credit cards = $285,000 x 60% Â = $171,000
- debit cards = $285,000 x 20% Â = $57,000
credit card fees = (11,400 x $0.60) + ($171,000 x 2%) = $10,260
debit card fees = (3,800 x $0.55) + ($57,000 x 1%) = $2,660