Question
Triton Company agrees to transfer cash to Crius Company immediately upon deposit of that companys credit card sales receipts. Triton Company charges 2% of card
Triton Company agrees to transfer cash to Crius Company immediately upon deposit of that companys credit card sales receipts. Triton Company charges 2% of card sales as its fee. If Crius Company deposits $114,000 credit card sales receipts, which of the following statements are true? Select one: A. Triton Company will pay Crius Company a $2,280 credit card fee. B. Crius Company will receive cash $111,720 from Triton Company. C. Triton Company will receive $114,000 cash from Crius Company. D. Crius Company will receive $114,000 cash from Triton Company.
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