The Red Fusion, a local Thai restaurant, expects sales to be $770,000 in January. Its average customer restaurant bill is $55. Only 40% of the restaurant bills are paid with cash; 30% are paid with credit cards and 30% with debit cards. The transaction fees charged by the creditand debit card issuers are as follows:Credit cards: $0.50 per transaction + 3% of the amount chargedDebit cards: $0.40 per transaction + 2% of the amount chargedRead the requirements.Requirement 1. How much of the total sales revenue is expected to be paid in cash?$ 308,000.The total sales revenue expected to be paid in cash isRequirement 2. How many customer transactions does the company expect in January?14,000(...)In January, the number of transactions the company expects isRequirement 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 $ 231,000Requirement 4. How many customer transactions will be paid for by customers using credit cards?The number of customer transactions paid for using credit cards isRequirement 5. When budgeting for January's operating expenses, how much should the restaurant expect to incur in credit card transaction fees?In January, the restaurant should expect to incur transaction fees of4,200Requirements1. 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 creditcards?5. When budgeting for January's operating expenses, how much should therestaurant expect to incur in credit card transaction fees?How much of the total sales revenue is expected to be paid with debit cards?How many customer transactions will be paid for by customers using debitcards?6.7.8. When budgeting for January's operating expenses, how much should therestaurant expect to incur in debit card transaction fees?9. How much money will be deposited in the restaurant's bank account duringthe month of January related to credit and debit card sales? Assume the creditand debit card issuers deposit the funds on the same day the transactionsoccur at the restaurant (there is no processing delay).10. What is the total amount of money that the restaurant expects to deposit in itsbank account during the month of January from cash, credit card, and debitcard sales? Again assume the credit and debit card issuers deposit the fundson the same day that the transaction occurs.PrintDoneX

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The Red Fusion, a local Thai restaurant, expects sales to be $770,000 in January. Its average customer restaurant bill is $55. Only 40% of the restaurant bills are paid with cash; 30% are paid with credit cards and 30% with debit cards. The transaction fees charged by the credit and debit card issuers are as follows: Credit cards: $0.50 per transaction + 3% of the amount charged Debit cards: $0.40 per transaction + 2% of the amount charged Read the 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 $ 308,000 Requirement 2. How many customer transactions does the company expect in January? 14,000 In January, the number of transactions the company expects is 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 $ 231,000 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 4,200 Requirement 5. When budgeting for January's operating expenses, how much should the restaurant expect to incur in credit card transaction fees? In January, the restaurant should expect to incur transaction fees of Requirements 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? - X 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. Print Done