Multiple Choice
Ace Credit Card Company agrees to transfer cash to Seller Company immediately upon deposit of that company's credit card sales receipts.Ace charges a 2% fee for all credit card sales.If Seller Company deposits $57,300 credit card sales receipts,which of the following statements are true?
A) Ace will receive $56,154 cash from Seller Company.
B) Seller Company will receive cash $56,154 from Ace.
C) Ace will receive $57,300 cash from Seller Company.
D) Seller Company will receive $57,300 cash from Ace.
E) Ace will pay Seller Company a $1,146 credit card fee.
Correct Answer:

Verified
Correct Answer:
Verified
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