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Omega Company agrees to transfer cash to Gamma Company immediately upon deposit of that companys credit card sales receipts. Omega Company charges 2% of card
Omega Company agrees to transfer cash to Gamma Company immediately upon deposit of that companys credit card sales receipts. Omega Company charges 2% of card sales as its fee. If Gamma Company deposits $114,000 credit card sales receipts, which of the following statements are true?
Select one:
A. Omega Company will pay Gamma Company a $2,280 credit card fee.
B. Gamma Company will receive $111,720 cash from Omega Company.
C. Omega Company will receive $114,000 cash from Gamma Company.
D. Gamma Company will receive $114,000 cash from Omega Company.
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