Zane Enterprises accepts a credit card as payment for $1,000 of services provided to a customer. The credit card company charges a 4% handling charge for collection services. Based on this information,
Multiple Choice
Zane will pay the credit card company $960 cash.
Zane will pay the credit card company $1,000 cash.
Zane will collect $1,000 cash from the credit card company.
Zane will collect $960 cash from the credit card company.