Vincent Pinzone & 07/24/20 1:56 PM ACG2071-20Summer B002 Save Homework: Chapter 9 Homework Score: 0 of 2 pts 9 of 10 (1 complete HW Score: 8.4%, 1.68 of 20 po E9-54B (similar to) Question Help o The Red Garden, ele Thai restaurant expectates to be $10,000 in January to werage customer restaurant bil la 146. Only 30% of the restaurant bite are paid with cash; 80% we paid with credit cards and 2016 with debit cards. The transaction foes charged by the credit and it card issuers are as follows Credit cards: 50 60 percions of the amount charged Debit Card: 0.30 per traction of the amount changed Read the more Requirement 1. How much of the wal sales revenue is expected to be paid inch? The expected to be paid in this Check work 9 of 10 (1 complete) 000 in Januar. Its average customer restaurant billis $45. Only 30% of the restaurant bills are paid with cas follows: chargeq Requirements charged to be paid 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 Answer Print Done Clear All CROSS