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salantis [7]
3 years ago
5

1. Frank’s electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Fra

nk pays his electric bill on the 12th of the month?
Business
2 answers:
MaRussiya [10]3 years ago
5 0
The answer is he won't be paying any late or penalty fee.
Grace period is usually given by the company as a form of goodwill towards the consumers who are late in paying their late bills.
Since on the 12th day is still considered within the one day grace period, Frank is not entitled to pay any additional amount from his usual charge of the bill (or any other form of penalties)
Sophie [7]3 years ago
4 0
The cycle day of Frank’s electric bill is the 3rd of the month. It is due 8 days after, which is the 11th of the month. A one-day grace period is given, which falls on the 12th of the month. If Frank pays his electric bill on the 12th of the month, he is still within the provided grace period and will not incur surcharges on his electric bill.
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Cragmont has beginning equity of $277,000, net income of $63,000, withdrawals of $25,000 and no additional investments by owners
MatroZZZ [7]
The ending equity is $315,000 This is just a matter of adding income and subtracting withdraws. So let's do it. "Cragmont has beginning equity of $277,000," x = $277000 "net income of $63,000" x = $277000 + $63000 = $340000 "withdrawals of $25,000" x = $340000 - $25000 = $315000
3 0
3 years ago
1) Markets and competition In a perfectly competitive market, all producers sell___________ goods or services. (perfectly identi
marishachu [46]

Answer:

The answers are,

1) Perfectly Identical

2) many

3)takers

4)false

Explanation:

Lettuce is a commodity that can't be differentiated much based on the product. It can be however, differentiated from branding, packaging, etc.

But since the Lettuce is a broad category, we can assume that it is a competitive market.

Perfectly competitive markets do not really exist in the real world and are more of a hypothetical scenario. However, knowing the concept allows businesses and governments to make sound economic decisions regarding production and consumption.

3 0
3 years ago
6. Assume your employer provides health care insurance and deducts your portion of the premiums from your paycheck with pre-tax
umka21 [38]
No They aren't federally tax deductible :)
6 0
3 years ago
The single recovery principle requires a court to settle a matter once and for all by awarding a lump sum for past and future ex
GrogVix [38]

Answer: True

Explanation: Under the single recovery principle if the plaintiff, that is, the person bringing up the case to the court, proves that he or she is eligible for any recovery for a particular harm then that recovery should be made and settled in once and for all by getting a lump sum amount from the payer.

Under this rule the plaintiff can not claim reward for same injury from two different entities.

6 0
3 years ago
Read 2 more answers
Arnold borrowed $7890 at 11. 5 percent for five years. What is his monthly payment?.
Marta_Voda [28]

Answer:

$173.50

Explanation:

4 0
2 years ago
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