The Red Dragon, a local Thai restaurant, expects sales to be $210,000 in January. Its average customer restaurant bill is $15. Only 10% of the restaurant bills are paid with cash; 80% 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: $0.30 per transaction + 5% of the amount charged Debit cards: $0.40 per transaction + 3% of the amount charged Read the requirements. - X Requirements Requirement 1. How much of the total sales revenue is expected to be paid in cash? The total sales revenue expected to be paid in cash is $ 21,000 Requirement 2. How many customer transactions does the company expect in January? In January, the number of transactions the company expects is 14,000 Requirement 3. How much of the total sales revenue is expected to be paid with credit cards? The total sales revenue expected to be paid with credit cards is $ 168,000 1. How much of the total sales revenue is expected to be paid in cash? 2. How many customer transactions does the company expect in January? 3. How much of the total sales revenue is expected to be paid with credit cards? 4. How many customer transactions will be paid for by customers using credit cards? 5. When budgeting for January's operating expenses, how much should the restaurant expect to incur in credit card transaction fees? 6. How much of the total sales revenue is expected to be paid with debit cards? 7. How many customer transactions will be paid for by customers using debit cards? 8. When budgeting for January's operating expenses, how much should the restaurant expect to incur in debit card transaction fees? 9. How much money will be deposited in the restaurant's bank account during the month of January related to credit and debit card sales? Assume the credit and debit card issuers deposit the funds on the same day the transactions occur at the restaurant (there is no processing delay). 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. Requirement 4. How many customer transactions will be paid for by customers using credit cards? The number of customer transactions paid for using credit cards is 11,200 Requirement 5. When budgeting for January's operating expenses, how much should the restaurant In January, the restaurant should expect to incur transaction fees of Radical Logos buys logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $2,004,000 in September, $2,230,000 in October, $2,379,000 in November, and $2,500,000 in December. Radical Logos sets its prices to earn an average 40% gross profit on sales revenue. The company does not want inventory to fall below $420,000 plus 15% of the next month's cost of goods sold. Prepare a cost of goods sold, inventory, and purchases budget for the months of October and November. Radical Logos Cost of Goods Sold, Inventory, and Purchases Budget For the Months of October and November October November Cost of goods sold Plus: Desired ending inventory Total inventory required Less: Beginning inventory Purchases