Chat with AI
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 46
BANKING ACTIVITIES OF A RETAILER
Tiny Waterton owns and operates an automobile repair shop. Many of his customers use credit cards for their purchases, and his credit-card sales during a recent week were $8752.40. During the same period, he had $573.94 in credit refunds, and he pays credit-card fees of 21?2% on the net credit-card sales.
The balance at the beginning of the week was $4228.34. Checks outstanding were $758.14, $38.37, $1671.88, $120.13, $2264.75, $78.11, $3662.73, $816.25, and $400. Waterton had credit-card and bank deposits of $458.23, $771.18, $235.71, $1278.55, $663.52, and $1475.39 that were not recorded.
Find the net deposit given credit-card sales and refunds.
Tiny Waterton owns and operates an automobile repair shop. Many of his customers use credit cards for their purchases, and his credit-card sales during a recent week were $8752.40. During the same period, he had $573.94 in credit refunds, and he pays credit-card fees of 21?2% on the net credit-card sales.
The balance at the beginning of the week was $4228.34. Checks outstanding were $758.14, $38.37, $1671.88, $120.13, $2264.75, $78.11, $3662.73, $816.25, and $400. Waterton had credit-card and bank deposits of $458.23, $771.18, $235.71, $1278.55, $663.52, and $1475.39 that were not recorded.
Find the net deposit given credit-card sales and refunds.
Explanation
Verified
Verified
The net deposit given credit-c...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
