Impact of transaction on net operating income


ABC Company accepted a national credit card for a $2,500 purchase. The cost of the goods sold is $2,000. The credit card company charges a 3% fee. What is the impact of this transaction on net operating income?

a. increase by $485.

b. increase by $425.

c. increase by $2,425.

d. increase by $500.

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Accounting Basics: Impact of transaction on net operating income
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