Structural unemployment. This type of unemployment is the result of changes in industries and reorganization, typically as the result of technology or outsourcing for lower costs.
Answer:
See explanation section
Explanation:
We know, 3/10, n/30 means the customer will get 3% discount if he/she gives the payment within 10 days, however, he/she has to pay the money within 30 days.
As Snell company sold the products on April 1, and received the payment on April 8, the company gave a 3% discount to customer. As there is discount, the financial statements will be as follows:
Income statement
Sales = $50,000
Less: Sales discount = (1,500)
<u>$50,000 × 3% </u>
Net sales $48,500
<span>The machine would have a cost basis of $80,000 - $86,000. All business owners must gain profit from the products that they sell by ensuring that their capital will be returned to them. Putting such costing price gives the owner the capital gains as well as earning back the expenses that he has shelled out in order to purchase the machine to be sold in the market. <span>
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The total damages is calculated by adding the damages and the cash grants:
1800 + 4000 + 56000 = 61800
The insurance company will cover according to the policy 50/100/10
1800(0.5) + 4000(1.0) + 56000(0.01) + 250 = 5710
The office furnishing will be responsible for the difference:
61800 - 5710 =$56,090
