If Extol's Inc

question 186

Multiple Choice

If Extol's Inc. sells items to a customer who uses a credit card for $800, and there is a credit card fee of 2%, what is the amount of the debit to Cash?

• A) $816
• B) $800
• C) $784
• D) $768

---

Definitions:

Trademark Rights

Legal rights granted to the owner of a trademark, protecting the distinctive symbols, names, and slogans used to identify their goods or services.

Third Party

An individual or entity that is involved in a transaction but is not one of the principal parties.

Recover Expenses

The act of obtaining reimbursement for costs that were incurred for a specific purpose or activity.

Implied Warranty

Is an assurance automatically applied by law, suggesting that a product is fit for its intended purpose and meets a basic level of quality.