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I need help solving this question please... S9-14 (similar to) Question Help The local grocery store expects that customers will use credit cards to pay
I need help solving this question please...
S9-14 (similar to) Question Help The local grocery store expects that customers will use credit cards to pay for a total of 110,000 sales transactions during the month of April. These transactions are expected to amount to $4,000,000 in total sales revenue. The credit card issuers charge the store a transaction fee equal to $0.20 per transaction plus 0.5% of the amount charged. When budgeting for operating expenses in April, how much should the store expect to incur for credit card transaction fees? The store should anticipate $ 2005500 for credit card transaction fees Step by Step Solution
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