Merchant Facilities Assignment
Daseu all your answer to question B, add a new line to the graph showing the behaviour of the rental fees after the end of the relevant range. Colt Assessment Scenario 2 When I started my business last year, I opened up a Merchant Facility with NAB Bank. A Merchant facility is a monthly fee that I pay the bank to hire and use their EFTPOS machine.
The monthly fee to use their EFTPOS machine is $150. Along with the machine, I was given the $10,000 small business threshold. This means I can sell up to $10,000 on EFTPOS each month with no usage charges. If I sell more than $10,000 in a month, I pay an extra $20 for every $1,000 of transactions over the limit. P ost T veant 0,2-3 sentences. Assessment Question 2 a) What behaviour is shown by the Merchant Facility (Fixed Variable or Semi-Variable?) b) Please draw a line graph showing the behaviour of the Merchant Facility? This graph needs to have the following features: – Labels for the X-axis & Y-axis – Line showing the behaviour of the monthly fee – Line showing the behaviour of the extra charge c) Describe two methods that can be used to estimate cost behaviour of Merchant Facilities? For this question, I will require at least one paragraph for each method. Get Accounting homework help today