From the Following Credit Card Transactions, Find the Credit-Card Sales

question 14

Multiple Choice

From the following credit card transactions, find the credit-card sales less refunds. Then find the amount of the charge at the statement date.
-Expressway Photo Developers pays a 2%.

• A)$243.02, $4.86
• B)$253.02, $5.06
• C)$359.14, $7.18
• D)$306.08, $6.12

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Definitions:

Billion

A numerical value represented as 1,000 million (1,000,000,000) in the short scale, commonly used in financial and demographic statistics.

MPS

The marginal propensity to save, which is the proportion of an additional unit of income that is saved rather than spent.

Induced Consumption

Consumer spending that increases as disposable income rises, and decreases as disposable income falls.

Trillion

Trillion is a numerical value represented as 1,000,000,000,000 (10^12), commonly used to quantify large figures such as government budgets, economics, and astronomy.