Amount of trade discount is represented by the:

Real GDP refers to _____. rev: 04_09_2018 Multiple Choice GDP data that embodies changes in the price level but not changes in p

pochemuha

Answer: GDP data that has been adjusted for changes in the price level

Explanation:

Real GDP refers to the Nominal GDP adjusted for inflation. Nominal GDP calculates the value of final goods and services in the Economy by using the price levels of that year so if inflation has occurred, comparing it to previous years would be inaccurate.

The Real GDP would use the price levels of a base year to calculate the GDP of the current year so that the effect of inflation may be negated and the real growth of the economy can be seen.

5 0

3 years ago

Sarah's house caught on fire. Through the prompt assistance of her neighbor Odessa, the fire was quickly extinguished. In gratit

Zepler [3.9K]

Answer:

To enforce this promise we need to analyse whether there has been any agreement or contract between Sarah and Odessa and whether the same can be enforced.

Explanation:

In Sarah's case, her offer to gratuitously pay the neighbor for assisting in the house fire is not an enforceable contract. When the neighbor rushed to help in the fire, the offer to pay $1,000 had not yet been extended. When Sarah did extend the offer to pay $1,000, there was no consideration exchanged between both parties. The consideration, putting out the fire, had already occurred without the offer or acceptance of a contract.

Consider an alternate scenario. Sarah's house was on fire, and she could not wait for the fire department. She ran to her neighbor's house, begged for help, and offered $1,000 in exchange for neighbor's assistance. After hearing Sarah's plea, the neighbor agrees to assist in extinguishing the fire. This constitutes a contract; an offer, consideration, and acceptance.

3 0

3 years ago

Charles owns a water pump. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a

timofeeve [1]

Answer:

Cost of each bottle of water is $7.

Explanation:

This is the case for economies of scale. When Charles produce 1 bottle of water, it costs him $1 per bottle, when 8 bottles are produced it costs him $7. The cost per bottle of water reduces as units increases.

3 0

2 years ago

Jenny plans to buy a new swimsuit for her spring break cruise. She has not seen this year's styles and thus will do some compari

liq [111]

Answer:

Jenny is engaging in Limited Decision Making.

Explanation: Limited Decision Making is the process in which a consumer spends time to compare between products and services that they are familiar with, but will need time to come to a reasonable decision that they believe is worth their money.

Sometimes, customers may come across brands that are unfamiliar within a familiar category, they will therefore need to gather information about this brand, and how it compares to the familiar brands that they are used to. This is also Limited Decision Making.

An example is when a consumer finds a new soft drink among familiar soft drinks that he/she is used to.

8 0

3 years ago

Read 2 more answers

The homeowner's property tax exemption will reduce an assessed valuation of $200,000 to:____.

inessss [21]

As per the rate of the tax, the valuation of $200,000 will become $193,000.

Given Data:

Valuation Price = $200,000

To Find:

After-Tax exemption Valuation= ?

Let us consider the general interest rate of the property. It would be about 3.5% which is 0.035.

According to the normal tax of about 3.5% will become $7000 which will be exempted from the total evaluation therefore it will become $193,000.

Solution:

Tax Value in $ =$200,000 x 3.5% = $7000

here we have the $7000 which is the amount of tax paid by the homeowner.

Putting the value of the tax;

Tax after exemption of tax value = $200,000-$7000

= $193,000

So, the $193,000 is the price after the deduction of tax by the homeowner.

For more questions like Home tax evaluation open the link below:

brainly.com/question/17132518

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3 0

1 year ago