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Compute the amount of total cash available

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Question 1: A company had a cash balance of $4,000 at the beginning of the month. The company does not make any sales on credit. The company accepts cash and credit cards. Assume that 80% of its sales are credit card sales, for which cash is received right away, less a 2% transaction fee. Total sales for the month was $500,000. Compute the amount of total cash available.

Reference no: EM132596482

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