Unformatted text preview: but cash sales to remain unchanged. If Ripley switches to bankcards, the business can save $8,000 on other expenses, but VISA and MasterCard charge 2% on bankcard sales. Ripley figures that the increase in sales due to the increased volume of bankcard sales would be 10%. Required : Should Ripley Company start selling on bankcards? Show the computations of net income under the present plan and under the bankcard plan....
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This note was uploaded on 11/08/2011 for the course ACC 101 taught by Professor Scottcazzad during the Spring '11 term at Jefferson College.
- Spring '11
- Financial Accounting