Chapter 9 Quiz Question 1 of 2 > This quiz: 2 point(s) possible This question: 1 point(s) possible Submit quiz The Thai Noodle, a kcal Thai restaurant, expects sales to be $360,000 in January Its average customer restaurant bilis $30 Only 40% of the restaurant bills are paid with cash 30% are paid with credit cards and 30% with debit cards The transaction fees charged by the credit and debit card issuers are as follows Credit cards $0 45 per transaction 5% of the amount charged Debit cards: $0 35 per transaction + 4% of the amount charged Read the requirements > Requirement 1. How much of the total sales revenue is expected to be paid in cash The total sales revenue expected to be paid in cash is 144000 Requirement 2. How many customer transactions does the company expect in January? In January, the number of transactions the company expects is 12000 Requirement 3. How much of the total sales revenue is expected to be paid with credit cards? The total sales revenue expected to be paid with credit cards 108000 Requirement 4. How many customer transactions wil be paid for by customers using credit cards? The number of customer transactions paid for using credit cards is 3600 Requirements. When budgeting for January's operating expenses, how much should the restaurant expect to incur in credit card transaction fees? In January, the restaurant should expect to incur transaction fees of 7020 Requirement 8. How much of the total sales revenue is expected to be paid with debit cards? The total sales revenue expected to be paid with debit cards is 108000 Requirement 7. How many customer transactions will be paid for by customers using debt cards? Time Remaining: 00:34:45 Next quiz: 2 point(s) possible This question: 1 point(s) possible Submit The Thai Noodle, a local Thai restaurant, expects sales to be $360,000 in January Its average customer restaurant bilis $30 Only 40% of the restaurant bills are paid with cash, 30% are paid wilh credit cards and 30% with debit cards The transact charged by the credit and debit card issuers are as follows Credit cards $0 45 por transaction +5% of the amount charged Debit cards 50 35 per transaction + 4% of the amount charged Read the requirements -HD In January, the restaurant should expect to incut transaction fees of 7020 Requirement 6. How much of the total sales revenue is expected to be paid with debit cards? The total sales revenue expected to be paid with debit cards is 108.00 Requirement 7. How many customer transactions will be paid for by customers using debit cards? The number of customer transactions paid for by customers using debit cards is 3600 Requirement 8. When budgeting for January's operating expenses, how much should the restaurant expect to incur in debit card transaction fees? In January, the restaurant should expect to incur debit card transaction fees of 5580 Requirement 9. How much money will be deposited in the restaurant's bank account during the month of January related to credit and debit card salos? Assume the credit and debit card issuers deposit the funds on the same day the transactions occur at the restaurant (there is no processing delay) The amount that will be deposited in the restaurant's bank account during the month January related to credit and debit card sales is 203400 Requirement 10. What is the total amount of money that the restaurant expects to depost in its bank account dunng the month of January from cash, credit card, and debit card sales Again assume the credit and debit card issuers doposit the funds on the same day that the transaction occurs The amount that will be deposited in the instaurant's bank account during and debit card sales is 347400 month of January from cash, credit card and
