<u>Assuming that a credit for merchandise returned of $1,000 is granted prior to payment and the invoice is paid within the discount period, the amount of cash that should be received by the seller is (a) $10399</u>
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Explanation:
In the first step we will deduct the credit for merchandised return from the merchandise price
=($11,100-1$000)=$10,100
-------(a)
Then we multiply the result by terms (i.e 1/10=.01)
=($10,100*.01)=$101----------(b)
<u>Then we subtract the result of equation a with equation b</u>
($10,100-$101)=$9,999
Then we add the prepaid freight charges to the result obtained
($9,999+$400)=$10399
<u>Answer: </u>$10399
Answer:
Option C (perfectly elastic demand) seems to be the correct alternative.
Explanation:
- Large companies manufacture similar products which cannot be separated from those manufactured by certain rivals.
- Price increases become decided on the market as well as firm price changes, marketing their production at either the current market value. Increasing organizations face a relatively elastic consumer surplus equivalent to something like the sale value.
All other alternatives in question are not relevant to the unique scenario. But that's the correct answer above.
Answer:
The correct answer is: in all decision making.
Explanation:
Economic analysis is used in all walks of life, in decision making. It is not only relevant for policymaking or in business or for students. Rather, it is used in day to day life as well.
Almost all the decision we make is based on cost-benefit analysis. It used by households and individuals for utility maximization. It is used by businesses for profit maximization and is used by policy makers for welfare maximization.