The amount of debt to cash that would entry to the record sales would be 970$.
How do you calculate the percentage?
The percentage represents a value divided by 100. In this way, saying 25% of a value is the same as saying 25 out of 100, that is, 25 divided by 100. And, to find the exact number of absentees in the event, just multiply the whole by percentage. So: 160 x 25% = 160 (25/100) = 160 x 0.25 = 40
This because, the cash amount that will be received is equal to sales values multiplied by one less the credit card fee.
With that being said:
1000 x (1-0,03)
1000 x 0,97 = 970$
So, the amount of debt to cash that would entry to the record sales would be 970$.
See more about finances at: brainly.com/question/16929903
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