E4.3 On March 31, a restaurant reported credit card revenues of $56,280. Credit card receivables began with
Question:
E4.3 On March 31, a restaurant reported credit card revenues of $56,280.
Credit card receivables began with a balance of $2,884 and ended the month with a balance of $3,120. Answer the following:
a. What is the average of credit card receivables?
b. What does credit card receivables represent as a percentage of total credit card revenue?
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Related Book For 
Hospitality Management Accounting
ISBN: 9780471483533
8th Edition
Authors: Michael M. Coltman, Martin G. Jagels
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