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More info 13 - 2024 Nov. 1 Nov. 15 Nov. 30 Recorded World Express credit card sales of $145,000, net of processor fee of
More info 13 - 2024 Nov. 1 Nov. 15 Nov. 30 Recorded World Express credit card sales of $145,000, net of processor fee of 1%. Ignore Cost of Goods Sold. Recorded Explorer credit card sales of $100,000. Processor charges a 3% fee. Explorer charges the fee at the end of the month, therefore Flash uses the gross method for these credit card sales. Ignore Cost of Goods Sold. Explorer collected the fees for the month of November. Assume the November 15 transaction is the only Explorer credit card sale.
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