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)✱

Got it!

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?

Solutions

Expert Solution

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

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

For purposes of this question assume that the described transaction is NOT in the ordinary course of business. If a lessee purchases the leased property from the lessor, improves the property, and then immediately after the improvements are completed re-sells it back to the lessor for a loss, how will such transaction be treated for tax purposes? A. The loss on the sale is deductible in the year of the sale. B. The loss on the sale may be carried...

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

This question is about the Balance of Payments Accounts. Record each transaction listed below. Make sure to separate the current and the financial accounts. a. The export of wine from California to France for $100 paid for with US dollars that the French importer holds at home in a box. b. The import of a BWM for $200 (it’s used) from Germany paid for with euros that the American importer held in bank account in Frankfurt. c. What is the...

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

1) In each scenario below, specify each variable as a response variable, an explanatory variable, or neither. a. A researcher collects measurements of VO2 max and resting heart rate on a group of subjects to study the relationship between these two variables. b. A real estate agent wants to be able to predict selling prices of houses in Vancouver. He collects data on 100 recently sold houses, recording their selling prices, size, age, number of bedrooms, and whether they had...

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...

Question 2 Mark this question Why did the Committee of Merchants for the Relief of Colored People Suffering from the Late Riots emphasize that Peter Heuston's "wife died about three weeks before the riots, leaving with her husband an only child... aged eight years"? They wanted people to realize that racial minorities were already victims of oppression before the riots began. They wanted rioters to take responsibility for the damage they caused by raising the children who were orphans because...

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

For each of the unrelated transactions described below, present the entries required to record each transaction. 1. Concord Corp. issued $19,900,000 par value 9% convertible bonds at 99. If the bonds had not been convertible, the company’s investment banker estimates they would have been sold at 95. 2. Hoosier Company issued $20,000,000 par value 10% bonds at 98. One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling...

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

For each of the unrelated transactions described below, present the entries required to record each transaction. 1. Marigold Corp. issued $22,000,000 par value 10% convertible bonds at 97. If the bonds had not been convertible, the company’s investment banker estimates they would have been sold at 95. 2. Swifty Company issued $22,000,000 par value 10% bonds at 96. One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling...

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

For each of the unrelated transactions described below, present the entries required to record each transaction. 1. Crane Corp. issued $21,700,000 par value 10% convertible bonds at 97. If the bonds had not been convertible, the company’s investment banker estimates they would have been sold at 95. 2. Cheyenne Company issued $21,700,000 par value 10% bonds at 96. One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling...

Assume that each of the markets below is initially in equilibrium. Then for each market below,...

Assume that each of the markets below is initially in equilibrium. Then for each market below, suppose that the indicated scenario occurs. Illustrate the effect of each event in a diagram and indicate the effects on the equilibrium price and quantity. Market: Rental homes. Scenario: Mortgages to own your own home are now easier to qualify for. Market: Beef. Scenario: A drought in Barbados has resulted in an increase in the price of cattle feed. Market: Bottled water in Indonesia....

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. No dollar amounts or explanations are required. Transaction To Record the Transaction in a Journal Entry, Name the Accounts that you would debit and credit Account to DEBIT Account to CREDIT Company purchased inventory on account Company sold/provided services for cash Company recorded depreciation on equipment for the period Company paid...

Subjects