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Jasmine n Rosemary sell healthy spices to consumers at the county fair. Sally n Rosemary only accept credit card purchases and cash from consumers. On
Jasmine n Rosemary sell healthy spices to consumers at the county fair. Sally n Rosemary only accept credit card purchases and cash from consumers. On Saturday, they sold $350 in merchandise and all consumers used credit cards to purchase merchandise at the fair. The bank charges 1.75% on total credit charges each day to settle the credit charges on their business banking account. a) Compute the total charges the bank will charge Jasmine n Rosemary on their account. b) Compute the amount that the bank will deposit into their account after all charges. c) Examine how Jasmine n Rosemary should show the sale and fees in the sales budget, the operating expense budget, and the cash collections budget
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