On March 31, a restaurant reported credit card sales revenue of $48,560. Credit card receivables began with

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On March 31, a restaurant reported credit card sales revenue of $48,560.

Credit card receivables began with a balance of $1,444 and ended the month with a balance of $1,220. 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 sales revenue?

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Hospitality Management Accounting

ISBN: 9780471687894

9th Edition

Authors: Martin G Jagels, Catherine E Ralston

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Question Posted: Jun 21, 2024 09:00 AM

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On March 31, a restaurant reported credit card sales revenue of $48,560. Credit card receivables began with

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Hospitality Management Accounting

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