ABC Company Accepted a National Credit Card for a $7,000

question 109

Multiple Choice

ABC Company accepted a national credit card for a $7,000 purchase. The cost of the goods sold is $5,600. The credit card company charges a 3% fee. What is the impact of this transaction on net operating income?

• A) Increase by $1,358.
• B) Increase by $1,400.
• C) Increase by $1,190.
• D) Increase by $6,790.

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Definitions:

Fainting

A temporary loss of consciousness and posture, typically due to a decrease in blood flow to the brain, known medically as syncope.

Cerebrovascular Accident

A stroke; hemorrhage in the brain.

Ruptured Blood Vessel

The breaking or bursting of a blood vessel, which can lead to internal bleeding or hemorrhage in the affected area.

Occlusion

The blockage or closing of a blood vessel or hollow organ, which can lead to various health issues depending on the location of the blockage.