Multiple Choice
401 Diner reported sales revenues of $53,000 in April. Thirty percent were cash sales and seventy percent were paid by credit cards. 401 Diner pays a three percent fee to the credit card companies.
-401 Diner's credit card fees for April would be closest to:
A) $1,113
B) $1,080
C) $1,590
D) $1,557
Correct Answer:

Verified
Correct Answer:
Verified
Q26: The gross profit percentage measures the ability
Q27: Regalia Inc. is a mail order clothing
Q28: The lower the receivables turnover, the more
Q29: Central Company sold goods for $5,000 to
Q30: For accounting purposes, cash includes which of
Q32: In 20X3, G CO. reported product sales
Q33: Dobson Corporation gathered the following reconciling
Q34: An amount receivable from an insurance company
Q35: Which of the following would not be
Q36: Near the end of 20X6, the