Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mrs. Nez owns a small business. When her customers pay with a credit card, she receives 95.8% of the charged amount from the credit card

Mrs. Nez owns a small business. When her customers pay with a credit card, she receives 95.8% of the charged amount from the credit card company. If a customer makes a $20 purchase, how much will Mrs. Nez receive from the credit card company?

Step by Step Solution

3.48 Rating (165 Votes )

There are 3 Steps involved in it

Step: 1

Mrs Nez will receive 958 of the charged amount from the credit card compa... 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

Accounting Information Systems basic concepts and current issues

Authors: Robert Hurt

3rd edition

130855849X, 978-1308558493, 78025338, 978-0078025334

More Books

Students also viewed these Finance questions

Question

high proportion of Protestant Christians

Answered: 1 week ago