Shea, a regional jewelry store, issues its own charge cards to customers. It bills its customers on.

Shea, a regional jewelry store, issues its own charge cards to customers. It bills its customers on.

Shea, a regional jewelry store, issues its own charge cards to customers. It bills its customers on the first day of every month for purchases made during the previous month. In addition, Shea accepts Visa and MasterCard, both of which charge a 1.8 percent processing fee. The following sales were made during the period: Visa ………………….. $ 5,490 MasterCard ……………….. 3,401 Shea card ……………….. 10,980 Cash sales ……………….. 2,695 Sales paid by check ………………. 6,400 What is the net amount of cash received from the sales made during the period (assume 10% NSF checks)?

Looking for a similar assignment? Get help from our qualified experts!

Order Now

Related Posts