The Thai Noodle, a local Thai restaurant, expects sales to be $220,000 in January. Its average customer restaurant bill is $20. Only 20% of the restaurant bills are paid with cash; 50% are paid with credit cards and 30% with debit cards. The transactionand debit card issuers are as follows:Credit cards: $0.20 per transaction + 3% of the amount chargedDebit cards: $0.30 per transaction + 1% of the amount chargedRead 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 is44,000Requirement 2. How many customer transactions does the company expect in January?In January, the number of transactions the company expects is11,000Requirement 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 $ 110,000Requirement 4. How many customer transactions will be paid for by customers using credit cards?The number of customer transactions paid for using credit cards is←

Number of customer transactions paid for using credit cards = Total sales revenue expected to be…

The Thai Noodle, a local Thai restaurant, expects sales to be $220,000 in January. Its average customer restaurant bill is $20. Only 20% of the restaurant bills are paid with cash; 50% are paid with credit cards and 30% with debit cards. The transaction and debit card issuers are as follows: Credit cards: $0.20 per transaction + 3% of the amount charged Debit cards: $0.30 per transaction + 1% of the amount charged Read the requirements. Requirement 1. How much of the total sales revenue is expected to be paid in cash? $ 44.000 The total sales revenue expected to be paid in cash is Requirement 2. How many customer transactions does the company expect in January? 11,000 In January, the number of transactions the company expects is Requirement 3. How much of the total sales revenue expected to be paid with credit cards? The total sales revenue expected to be paid with credit cards is $ 110,000 Requirement 4. How many customer transactions will be paid for by customers using credit cards? The number customer transactions paid for using credit cards is

The Thai Noodle, a local Thai restaurant, expects sales to be $220,000 in January. Its average customer restaurant bill is $20. Only 20% of the restaurant bills are paid with cash; 50% are paid with credit cards and 30% with debit cards. The transaction and debit card issuers are as follows: Credit cards: $0.20 per transaction + 3% of the amount charged Debit cards: $0.30 per transaction + 1% of the amount charged Read the requirements. Requirement 1. How much of the total sales revenue is expected to be paid in cash? $ 44.000 The total sales revenue expected to be paid in cash is Requirement 2. How many customer transactions does the company expect in January? 11,000 In January, the number of transactions the company expects is Requirement 3. How much of the total sales revenue expected to be paid with credit cards? The total sales revenue expected to be paid with credit cards is $ 110,000 Requirement 4. How many customer transactions will be paid for by customers using credit cards? The number customer transactions paid for using credit cards is

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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