Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Rachel's Beach Shoppe charges tourists to use their credit cards to purchase merchandise at the vacation store. On Monday, Rachel sold $3,000 in merchandise to
Rachel's Beach Shoppe charges tourists to use their credit cards to purchase merchandise at the vacation store. On Monday, Rachel sold $3,000 in merchandise to tourists that used their credit cards to purchase beachwear at the store. The bank charges Rachel's store 1.4% of the total credit card purchases per day to settle the credit transactions. What is the total deposit Rachel expects the bank to deposit into her account after the total bank fees and charges are taken out of the credit purchases on Monday? OA. $3,000 O B. $3,042 OC. $42.00 O D. $2,958
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started