Revenue Cycle Revenue Cycle, cash and credit cards: Target accepts Visa, MasterCard, Discover and American Express as well as its own Target Card. Visa and MasterCard charge a 1.6% interchange fee. Discover charges a 2.5% interchange fee while American Express charges 3.5% interchange fee. During the month, the following charge card sales occurred at a Target store. None of the customers made payments on their card accounts. Visa charge sales $10,400 MasterCard charge sales $ 6,127 Discover charge sales $ 4,670 American Express charge sales $ 1,641 Target charge sales $64,892 a. What is the amount of cash Target will receive during the month from the charge card sales? b. How would your answer to the above change if Target also took in $2,695 in cash sales, and $6,400 in sales by checks (consider that 1% of the checks go NSF). Assume that you are the credit manager of a merchandising company that sells directly to the public. Currently the company accepts cash, checks, VISA and MasterCard. Your company is considering whether to issue its own store credit card. Name at least 3 costs and 3 benefits of having its own store credit cards the company should consider in making this decision