Pedro's Pozole Palace allows it's customers to use their Mega Bank credit cards for purchases. The bank
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Pedro\'s Pozole Palace allows it\'s customers to use their Mega Bank credit cards for purchases. The bank charges a 2.6% fee. If daily sales were $30,000 with a Cost of Goods Sold of $19,000, what would be the resulting debit to Cash? Donna\'s Diner was allowed to replace a $20,000 Account Payable with a 7.5% Note Payable that will be due in 90 days. Please compute the monthly interest on this note. Assume that Donna\'s pays the note on time. How much Cash will Donna’s pay the holder of the note?
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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