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Question 26 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text Able Company accepted a national credit card for a $5,000 purchase.
Question 26
Not yet answered
Marked out of 1.00
Not flaggedFlag question
Question text
Able Company accepted a national credit card for a $5,000 purchase. The cost of the goods sold is $3,000. The credit card company charges a 2% fee. What is the impact of this transaction on net operating income?
Select one:
a. Increase by $2,000
b. Increase by $1,900
c. Increase by $4,900
d. Increase by $1,960
e. The answer does not exist
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