Eddie Bauer accepts Visa, MasterCard, Discover, and American Express as well as its own Eddie Bauer charge cards. Assume that Visa and MasterCard charge a 1.8 percent processing fee while Discover and American Express charge a 3.5 percent processing fee. During the period, the following charge card sales occurred at a particular Eddie Bauer store (no payments were made by customers):
Visa $ 8,650
American Express 2,130
Eddie Bauer 25,843
What is the net amount of cash received from charge sales during the period?
Trollinger is an automotive parts retail store. It sells motor oil, oil filters, automotive batteries, and other automotive equipment. Assume that activity is defined as the number of products sold. Identify each of the following costs as variable, fixed, or mixed. Use V for variable, F for fixed, and M for mixed.
________A. Cost of automotive batteries
________ B. Wages paid to employees who deliver parts to customers
________ C. Cost of shelving for the showroom
________ D. Utilities: water, electricity, and heat
________ E. Freight paid to receive parts from the warehouse
________ F. Insurance paid on shipments from the factory to Trollinger
________ G. Insurance paid on retail store
________ H. Computer costs for inventory maintenance
________ I. Wages paid to employees who wait on customers
________ J. Cost of oil