ATM Stands for what
Question
Updated 6/30/2014 7:43:53 PM
This conversation has been flagged as incorrect.
Flagged by WeeCHEN [6/30/2014 7:43:51 PM]
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Original conversation
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
Updated 6/30/2014 7:43:53 PM
This conversation has been flagged as incorrect.
Flagged by WeeCHEN [6/30/2014 7:43:51 PM]
Rating
8
ATM Stands for Automated Teller Machine.
Confirmed by jeifunk [6/30/2014 9:28:33 PM], Rated good by jeifunk

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