80.2K

Verified Solution

Link Copied!

The Thai Garden, a local Thai restaurant, expects sales to be $765,000 in January. Its average customer restaurant bill is $45. Only 40% of the restaurant bills are paid with cash; 50% are paid with credit cards and 10% with debit cards. The transaction fees charged by the credit and debit cand issuers are as follows: Credit cards: $0.55 per transaction +2% of the amount charged Debit cards: $0.60 per transaction +1% of the amount charged Read the tequirements. 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 Requirement 2. How many customer transactions does the company oxpect in January? 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 Requirement 4. How many customer transactions will be pald for by customers using credit cards? The Thai Garden, a local Thai restaurant, expects sales to be $765,000 in January, its average customer restaurant bill is $45. Only 40% of the restaurant bills are paid with cash; 50% are paid with credit cards and 10% with debit cards. The transaction fees charged by the credit and debit card issuers are as follows: Credit cards: $0.55 per transaction +2% of the amount charged Debit cards: $0.60 per transaction +1% of the amount charged Read the requirements. Requirement 4. How many customer transactions wir be paid for by customers using credit cards? The number of customer transactions paid for using credit cards is 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 restimurant should expect to incur transaction fees of Requirement 6. How much of the total sales revenue is expected to be paid whith debit cards? The total eales revenue expected to be paid with debit cards is Reouirement 7. How manv customer traneactions will be oaid for bv customers usino debit cards? The Thai Garden, a local Thai restaurant, expects sales to be $765,000 in January. Its average customer restaurant bill is $45. Only 40% of the restaurant bilis are paid with cash; 50% are paid with credit cards and 10% with debit cards. The transaction fees charged by the credit and debit card issuers are as follows: Credit cards: $0.55 per transaction +2% of the amount charged Debit cards: $0.60 per transaction +1% of the amount charged Read the reguremen's. The total sales revenue expected to be paid with debit cards is Requirement 7. How many customer transactions will be paid for by customers using debit cards? The number of customer transactions poid for by customers using debit cards is Requirement 8. When budgeting for January: operating expenses, how much should the restaurant expect to incur in debit card transaction fees? In January, the restaurant should expect to incur debit card transaction foes of Requirement 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 cebit card issuers deposit the funds on the same day the transactions occur at the restaufant (there is no processing delay)? The amount that will be deposited in the restaurant's bank acoount during the month of January related to oredit and debit card The Thai Garden, a local Thai restaurant, expects sales to be $765,000 in January. Its average customer restaurant bil is $45. Only 40% of the restaurant bills are paid with cash; 50% are paid with credit cards and 10% with dobit cards. The transaction fees charged by the credit and debit card issuers are as follows: Credit cards: $0.55 per Iransaction +2% of the amount charged Debit cards: $0.60 per transaction +1% of the amount charged Read the requirements. In Janusry, the restaurant should expect to incur debit card transaction fees of Requirement 9. How much money will be deposited in the restaurancs 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 sarne day the transactions occur at the restaurant (there is no processing delay). The amount that will be deposited in the restaurants bank account during the month of January related to credit and debil card saion is Requirement 10. What is the total arnount of money that the restaurant expects to deposit in its bank account during the month of January from cash, credit card, and deblt card sales? Again assume the credit and debit card issuers deposit the funds on the same day that the transaction occurs. The amount that will be deposited in the restaurantis bank account during the month of January from cash, credit card, and and debit card sales is 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 revenve 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 debil 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 restauranfs bank account duting 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 dolay). 10. What is the total amount of monev that the restaurant exoects to deoosit in its nt bill is $45. Only 40% of the restaurant bills are paid d debit card issuers are as follows: related to crecit and debit card sales? Assume the o processing delay). nd dobit card ing the month of danuary from cash, credit card, and action occurs. 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 aocount 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 & Explanation Solved by verified expert

See Answer