The amount Louis just paid is considered to be the price.
What a price means or what it communicates to customers is called?
- A price's significance or the message it sends to clients are referred to as Interpretation.
- The extent to which a customer's pleasure with the product after the purchase and with the purchasing experience is enhanced by the price of a product is part of their Response.
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Answer:
The answer would be B
Explanation:
The effective federal funds rate is the interest rate banks charge each other for overnight loans to meet their reserve requirements. Also known as the federal funds rate, the effective federal funds rate is set by the Federal Open Market Committee, or FOMC.
Answer: $150
Explanation:
Based on the information given in the question, the journal entry provided will be:
Debit Customer $1500
Credit Account Payable (Apple) $1350
Credit Commission income/Revenue $150
Therefore, the revenue that Amazon will recognize for the sale of one MacBook Pro is $150.
Transfer payment is a payment made by : Government, but not in exchange for a currently produced good or service.
<h3>What is transfer payment?</h3>
Transfer payment refers to a public expenditure, which is made purposely for unemployment compensation other than procuring goods or services. It is money or other aid that is given by a government without any good or service in return.
Examples of transfer payments include:
- Welfare
- Financial aid
- Social security
- Government subsidies for certain businesses.
Hence, transfer payment is a payment made by government, but not in exchange for a currently produced good or service.
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More bankruptcies because if there is a crisis people are losing a lot of money and are more than likely filling for bankruptcies.
