FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

12. By allowing your customers to pay using PayPal, your sales will increase on average 30%. Your annual sales are $60,000. PayPal charges you 2.9%

12. By allowing your customers to pay using PayPal, your sales will increase on average 30%. Your annual sales are $60,000. PayPal charges you 2.9% to process your transactions and you make 40% on each sale. 100% of your customers will now pay using PayPal. Calculate the cost/benefit below.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Personal Finance

Authors: E. Thomas Garman, Raymond E. Forgue

13th edition

1337099759, 978-1337516440, 1337516449, 978-1337099752

More Books

Students also viewed these Finance questions

Question

★★★★★
Consider the dissolution of the compound X2Y3, which gives X2Y22+, X2Y4+, X2Y3(aq), and Y2-. Use the mass balance to find an expression for [Y2-] in terms of the other concentrations. Simplify your...

Answered: 1 week ago

Question

★★★★★
Bob corporation has its production facilities and main office in state A, they have their operation and inventory in state B, the only operation they have in stare C is the solicitation of orders by...

Answered: 1 week ago

Question

★★★★★
Explain the concept of strategy.

Answered: 1 week ago

Question

★★★★★
Laura Drake wishes to estimate the value of an asset expected to provide cash inflows of $3,000 per year at the end of years 1 through 4 and $15,000 at the end of year 5. Her research indicates that...

Answered: 1 week ago

Question

★★★★★
12. By allowing your customers to pay using PayPal, your sales will increase on average 30%. Your annual sales are $60,000. PayPal charges you 2.9% to process your transactions and you make 40% on...

Answered: 1 week ago

Question

★★★★★
Question 3 You have won the lottery and have a choice between aj a $12.000,000 cash up one time payment b) a senses of payments of $310,000 per year for 40 years and with an additional one-time...

Answered: 1 week ago

Question

★★★★★
The following information, based on the 12/31/2024 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable Accounts receivable (net) Accrued liabilities Cash and cash...

Answered: 1 week ago

Question

★★★★★
During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 521,500 shares of common stock at $9, receiving cash....

Answered: 1 week ago

Question

★★★★★
First Interstate Bank is considering a capital project request to build a branch bank in the southwestern section of the city. The branch bank will occupy 6,000 square feet of floor space, and the...

Answered: 1 week ago

Question

★★★★★
Ahmed Manufacturing LLC manufactures Product Q. In the previous month of September 2020, the company budgeted to manufacture and sell 3,300 Product Q at a variable cost of OMR74 per unit and total...

Answered: 1 week ago

Question

★★★★★
Swathmore Clothing Corporation grants its customers 30 days' credit. The company uses the allowance method for its uncollectible accounts receivable. During the year, a monthly bad debt accrual is...

Answered: 1 week ago

Previous Question Next Question