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The Asian Garden, a local Thai restaurant, expects sales to be $720,000 in January. Its average customer restaurant bill is $45. Only 20% of the
The Asian Garden, a local Thai restaurant, expects sales to be $720,000 in January. Its average customer restaurant bill is $45. Only 20% of the restaurant bills are paid with cash; 70% are paid with credit cards and 10% with debit cards. The transaction fees charged by the credit and debit card issuers are as follows: Credit cards: $0.40 per transaction + 2% of the amount charged Debit cards: $0.35 per transaction + 1% of the amount charged 10. What is the total amount of money that the restaurant expects to deposit in its bank account during the month of January from cash, credit card, and debit card sales? Again assume the credit and debit card issuers deposit the funds on the same day that the transaction occurs
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