D. It keeps prices fair for consumers
<span>It locks-in the customers. The customer feels that they get a better and faster experience at the store with RFID-enabled card readers, so they feel compelled to return in the future. This creates repeat business and, likely, higher profits for the company.</span>
Answer:
A. $ 2,936
Explanation:
Corner Market purchased $4,500 worth inventory from the suppliers, and also paid $290 freight bill for those inventory. It also returned 40% and received 2% discounts. Corner Market's final cost of the inventory that it kept is as follows:
Therefore, Merchandise Inventory = $4,500
Less: Purchase Return $(4,500 × 40%) = <u>($1,800)</u>
$2,700
<u>Less: Purchase discounts $(2,700×2%) = ($ 54)</u>
Net Merchandise Inventory = $2,646
<u>Add: Freight bill $ 190 </u>
Final cost of Merchandise Inventory = $2,936
Answer: Deductible
Explanation:
Deductible is a specified amount of money an insured individual must pay before an insurance company will pay a claim.
It should be noted that in insurance policy, deductible simply refers to the amount that is paid by the insured before the expenses incurred by the person will be paid by the insurance company.
For example, is there is a $3000 deductible for a particular plan. One has to pay the $3000 first before before the insurance company settles other things.
They pretty much agree to get something say like money for free but then they eventually have to pay it back.