Zane Enterprises accepts a credit card as payment for $500 of services provided to a customer. The credit card company charges a 4% handling charge for its collection services. Based on this information
a. Zane will collect $500 cash from the credit card company.
b. Zane will pay the credit card company $500 cash.
c. Zane will collect $480 cash from the credit card company.
d. Zane will pay the credit card company $480 cash.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Zane Enterprises accepts a credit card as payment for $500 of services provided to a customer. The credit card company charges a 4% ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which group in the business buying center influence the buying decision and provide information for assessing options? a) Evaluators b) Gatekeepers c) Deciders d) Purchasers
Answers (1)
Should the police have obtained a warrant before arresting richie?
Answers (1)
A corporation originally issued $13 par value common stock for $15 per share. Which of thefollowing is included in the entry to record the purchase of 300 shares of treasury stock for $11 pershare? A) Retained Earnings is debited for $1650.
Answers (1)
Archer Company had an inventory balance of $2,600 on January 1. During the accounting period they made purchases of $11,500. The ending inventory balance was $1,250. If Archer Co.
Answers (1)
The following selected transactions were taken from the records of Shipway Company for the first year of its operations ending December 31: Apr. 13 Wrote off account of Dean Sheppard, $6,530.
Answers (1)
New Questions in Business
Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $135,000 and Bowen's is $120,000. Mace and Bowen agree to accept Kent with a 30% interest in the partnership. Kent invests $115,000 in the partnership.
Answers (1)
A large company produces paint and other home decorating products. Its goal is to choose the marketing channel arrangement that will give it the most control over supply sources. Which marketing channel system should this company choose?
Answers (1)
Wendy is a college student in her sophomore year. she is single with no kids, has vegetation paid for by scholarship. what type of life insurance does she need?
Answers (1)
Difference between a parttime and fulltime job
Answers (1)
On May 1, 2019, Mary Smith signed a $ 13 comma 000 promissory note with Continental Bank. The note is due in one year with 6 % interest. What journal entry should Continental Bank prepare on May 1, 2019?
Answers (1)