YZ Company Accepted a National Credit Card for a $4,000

question 166

Multiple Choice

YZ Company accepted a national credit card for a $4,000 purchase. The cost of the goods sold is $2,400. The credit card company charges a 3% fee. What is the impact of this transaction on net operating income?

• A) Increase by $1,480
• B) Increase by $1,552
• C) Increase by $1,600
• D) Increase by $3,880

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