For each question below, assume that for each transaction, merchants are charged a variable rate +...

For each question below, assume that for each transaction, merchants are charged a variable rate + a per transaction fee (i.e. X% + $y per transaction)✱

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In the month of June a merchant sold $100,000 from 5,400 transactions. If the gateway charges $0.30 per transaction, and their total fees were $4,370, what is the merchant's variable rate?✱

Use the variable rate you calculated in the last question. If a merchant sold $106,018.52 and paid $4633.01 in fees, how many transactions did the merchant process?✱

Merchant A and Merchant B only sell 1 SKU each. The product that Merchant A sells is $25 and the product that merchant B sells is $75. Customers can only buy one product per transaction. Merchant A and Merchant B both pay rates of 2.5% + $0.30 and both sold $25,000 work of their products last month. Which merchant has a higher effective rate, and why?

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ekkarill92 answered 1 year ago

For purposes of this question assume that the described transaction is NOT in the ordinary course...

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This question is about the Balance of Payments Accounts. Record each transaction listed below. Make sure...

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1) In each scenario below, specify each variable as a response variable, an explanatory variable, or...

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In each scenario below, specify each variable as a response variable, an explanatory variable, or neither....

In each scenario below, specify each variable as a response variable, an explanatory variable, or neither. Explain your choices. a. A climatologist wishes to predict future monthly rainfall in Los Angeles. To inform his predictive model, for each month of the past 30 years, he records the name of the month (Jan.-Dec.), total rainfall (mm), and the Oceanic Niño Index (a measure of sea surface temperature differences, in ºC). b. A researcher conducts an experiment in a residence for senior...

Question 2 Mark this question Why did the Committee of Merchants for the Relief of Colored...

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For each of the unrelated transactions described below, present the entries required to record each transaction.

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For each of the unrelated transactions described below, present the entries required to record each transaction....

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For each transaction described below, write the name of the account that would be debited and...

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For each transaction described below, write the name of the account that would be debited and...

For each transaction described below, write the name of the account that would be debited and the name of the account that would be credited when recording the transaction. Company purchased inventory on account Company sold/provided services for cash Company recorded depreciation on equipment for the period Company paid NEXT YEAR’s insurance premium Company paid vendor for a prior purchase on account Company paid utility bill Company received cash deposit from customer for work to be performed in the future...

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For each question below, assume that for each transaction, merchants are charged a variable rate +...

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For purposes of this question assume that the described transaction is NOT in the ordinary course...

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For each of the unrelated transactions described below, present the entries required to record each transaction.

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