On March 31, a restaurant reported credit card revenues of $56,280. Credit card receivables began with a

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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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Hospitality Management Accounting

ISBN: 9780471092223

8th Edition

Authors: Martin G Jagels, Michael M Coltman

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Question Posted: Jun 28, 2024 01:12 AM

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On March 31, a restaurant reported credit card revenues of $56,280. Credit card receivables began with a

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Hospitality Management Accounting

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