Multiple Choice
ABC Company accepted a national credit card for a $7,000 purchase. The cost of the goods sold is $5,600. The credit card company charges a 3% fee. What is the impact of this transaction on net operating income?
A) Increase by $1,358.
B) Increase by $1,400.
C) Increase by $1,190.
D) Increase by $6,790.
Correct Answer:
Verified
Correct Answer:
Verified
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