Question 19 (2 points)

The credit card company charges a 2% fee on all credit card sales. How much credit card expense would company pay if total sales were 300,000 including cash sales of 100,000 and credit card sales of $200,000?

Question 19 options:

$10,000

$2,000

$8,000

$12,000

Question 20 (2 points)

The credit card company charges a 1% fee on all credit card sales. How much credit card expense would company pay if total sales were 200,000 including cash sales of 100,000 and credit card sales of $100,000?

Question 20 options:

$100

$200

$2,000

$1,000

Question 21 (2 points)

How much cash would a company receive if credit card sales were $600,000 and we are charged a 2% fee on credit card sales?

Question 21 options:

$12,000

$612,000

$588,000

$600,000