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ATM Stands for what
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Asked 7/27/2010 1:48:04 AM
Updated 6/30/2014 7:43:53 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by WeeCHEN [6/30/2014 7:43:51 PM]
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User: ATM Stands for what

Weegy: Example of Profits and Benefits The following is an example of a location that does only 300 transactions per month with a $1.25 surcharge. [ It should show how a location owner can profit monetarily in three major ways and increase the bottom line for the business. 1. Surcharge Revenue. 300 transactions at $1.25 = $375.00 per month. 2. Additional Profit From the Money Spent at the Location. 1. 300 transactions x $52.00 (Average Transaction) = over 15,000 per month 2. $15,000 x 25% (spent at location) x 25% (Average markup) will generate over $900.00 extra profit each month. 3. Monthly Cost (Assuming an 8% local state tax). 1. Fair Market Value Buy-out: ($250.00 lease + local state tax + dedicated telephone line) Monthly cost is approximately $300.00 2. A $1.00 Buy-out option is available for slightly more. Surcharge Revenue + Additional Profit will yield over $900.00 a month after costs. 4. Return on Money Used in the ATM Machines. 1. Three days earn $30.00 on use of $1,200.00 2. 365 days earn $3,650 on use of $1,200.00 (as same $1,200.00 is recycled) That is a 304% return on your $1,200 / yr. (after expenses). Even if you put $3,000 in the ATM to assure that the machine does not run low, it is 121% return. Again, this is an example of a location that does 10 transactions a day. We have locations that do from 20 to 100 transactions per day. You can use your own figures based on your traffic. ]
Paull117|Points 151|

Question
Asked 7/27/2010 1:48:04 AM
Updated 6/30/2014 7:43:53 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by WeeCHEN [6/30/2014 7:43:51 PM]
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ATM Stands for Automated Teller Machine.
Added 6/30/2014 7:43:53 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [6/30/2014 9:28:33 PM], Rated good by jeifunk
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