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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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At a price of $200, a cell phone company manufactures 100000 phones. At a price of $300, the company produces 300000 phones. Wha
valkas [14]

Answer:

2.5

Explanation:

P1=$200

P2=$300

S1=100000

S2=300000

The percentage change in price is:

\Delta P =\frac{300-200}{\frac{200+300}{2}}=0.4=40\%

The percentage change in supply is:

\Delta S =\frac{300000-100000}{\frac{100000+300000}{2}}=1=100\%

The price elasticity of supply is given by:

E=\frac{\Delta S}{\Delta P}=\frac{100\%}{40\%}=2.5

The price elasticity of supply is 2.5.

4 0
3 years ago
Glinda goes to the supermarket for her monthly grocery shopping. As she waits in the line at the cash register, she sees her fav
ycow [4]

Answer:

<em><u>Convenience products.</u></em>

Explanation:

Convenience products are those goods or services that are purchased by the consumer with high frequency without comparison criteria or high purchasing efforts. These products are widely distributed so that the consumer has the availability of purchase at any time. Examples include magazines, fast food, detergents and beverages.

Some of its features are:

  • Low price,
  • Classified as non-durable goods,
  • High frequency of replacement at points of sale,
  • Easy replacement products
7 0
3 years ago
A stock currently sells for $25 per share and pays $0.24 per year in dividends. What is an investor's valuation of this stock if
Kisachek [45]

Answer:

B) $26.30

Explanation:

To determine an investor's valuation of the stock we must calculate the present value of next year's dividend and selling price:

present value = [dividend / (1 + rate)] + [selling price / (1 + rate)]

present value = [$0.24 / (1 + 15%)] + [$30 / (1 + 15%)] = $0.21 + $26.09 = $26.30

4 0
2 years ago
Harold borrows $20,000 from Alex and signs a note promising to pay Alex this amount plus interest in one year. Alex negotiates t
Tomtit [17]

Answer:

B)

Explanation:

Reese can recover from Alex.

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3 years ago
Select a product or component for which physical properties are more important than mechanical properties. • Describe the produc
Dmitry_Shevchenko [17]

Answer:

Explanation:one good example is an electrical wire,an electrical wire is usually coated with insulator to prevent the current from affecting the present environment.. Why the mechanical function is to transport electricity..so an electrical wire transport electricity and still it users from hazards

6 0
3 years ago
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