<span>An agreement to settle a debt for less than is owed is called an Accord and Satisfaction. this is because the accord is the original debt, and the term for the re-structured settlement. The satisfaction is the actual payment of that debt. Therefore, accord and satisfaction could be re-written as new agreement and payment.</span>
The minimum price that the barber must charge <em>to increase his salary to $4,000</em> for each of the 200 haircuts is <em>A. $25.</em>
Data and Calculations:
Charge per haircut = $20
Total cost per month = $4,000
Monthly salary = $3,000
Other costs per month = $1,000 ($4,000 - $3,000)
Minimum number of haircuts per month = 200
Expected monthly salary per month = $4,000
Total new monthly expenses = $5,000
Minimum price to charge per haircut = $25 ($5,000/200)
Thus, the minimum price that the barber must charge <em>to increase his salary to $4,000</em> without increasing the number of haircuts is $25.
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Answer:

And for the new case we know that the sales increase by a factor of 2%, so then we can find the new number of sales like this:

And the Total August sales would be given by:

And the correct answer for this case would be:
$63,750
Explanation:
For this case the original number of sales for this case is 5000 units and the unitary price is given by 
And the total sales for the original case would be given by:

And for the new case we know that the sales increase by a factor of 2%, so then we can find the new number of sales like this:

And the Total August sales would be given by:

And the correct answer for this case would be:
$63,750
Reliability because it shows that you are responsible to pay