Answer:
mutually exclusive events
Explanation:
mutually exclusive events
it is a term normally used in statics which defined 2 or more events cannot overlapped each other. Mean to say that if one even occur at any particular time then other event cannot occur. it describe replacement of one event by other one.
examples of mutually exclusive events are
1 - occurrence of day and night at same time at same place is mutually exclusive.
2 - occurrence of head and tail at same time is mutually exclusive.
Answer:
$12,285
Explanation:
Term 1/10, means if the buyer pays the seller within 10 days, the buyer will receive 1% sales discount. However, n/eom means the payment must be paid within a certain number of days of the month according to the agreement.
Accounting explanation:
Here, Merchandise price = $12,000
Sales return = $500
Total Sales = $11,500
Since the invoice is paid within the discount period, and the discount is 1%
Sales Discount = $11,500 x 0.01 = $115
Net Sales = $(11,500 - 115) = $11,385
FOB shipping point means buyer has to pay the freight cost. Therefore,
Total amount of cash to be paid by the customer (or, to be received by the seller) = $11,385 + $900 = $12,285
Answer: Loss of $22,000
Explanation:
Gain (loss) = Net Carrying Value of Bonds recalled - Price bond called at
Net Carrying Value of Bonds
= Par value - Unamortized discount
= 300,000 - 10,000
= $290,000
Gain (loss) = 290,000 - (300,000 * 104)
= ($22,000)
Answer:
D. rightward shift of the production possibilities curve.
Explanation:
Production possibility curve shows all the two combinations of goods that can be produced in an economy given its resources and technology.
Shift of the possibility possibility curve to the right shows that technological progress has occurred. This shows economic growth.
When production is taking place at a point within the curve, production is inefficient. A point outside the production possibilities curve is unattainable. Movement from a point inside to a point outside the production possibilities curve shows that the economy is moving from inefficency to an unattainable production point.
Movement from a point near the vertical axis to a point near the horizontal axis on the production possibilities curve means more of a product is been produced and less of another product is been produced.
I hope my answer helps you.