Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.
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Answer:
$90,000
Explanation:
Data given in the question
Selling price = $1,800
Estimated percentage = 2%
Average cost = $150
Number of printers sold = 30,000
Under the warranty, the printer under service = 400
So by considering the above information, the warranty expense is
= Number of printers sold × estimated percentage × average cost per printer
= 30,000 × 2% × $150
= $90,000
Answer: Technology Assessment
Explanation: Technology is defined as "science or knowledge applied to a definite purpose." Technology assessment refers to a policy research that applies to long and short term consequences if the technology is implemented.
Acme is looking to hire a technology with a specific purpose of security of its client. So here, Acme is looking for technology assessment.
Answer:
Warbocks Corporation
Statement of retained earnings for the year ended December 31, 2017
Amount in $
Opening retained earnings 12,600
Net income for the year 7,000
Dividend <u> (5,000)</u>
Closing retained earnings <u> 14,600</u>
Explanation:
The retained earnings statement shows the movement in the retained earnings balance between the start and end of the year.
This includes the net earnings and dividend paid during the year.
Net income = $30,000 - $15,000 - $2,000 - $4,500 - $500 - $1,000
= $7,000
The price of a camera decreases from $200 to $180, and in response to the price change the quantity demanded increases from 60 to 70 units. Therefore, demand for cameras in this price range is inelastic.
An economic word known as "inelasticity" describes an item or service's unchanging quantity when its price varies. When prices rise, consumers' purchasing patterns essentially stay the same, and when prices fall, those same purchasing patterns still hold true. This is known as inelastic demand. When an item or service's quantity remains constant when its price increases, it is said to be "inelastic. "When a good or service's price increases or decreases, consumers' purchasing patterns essentially stay the same. The same is true when the price of the good or service decreases. The demand for an item or service that is totally inelastic would not fluctuate regardless of price; however, no such good or service exists. Elastic contrasts with inelastic.
To learn more about inelasticity visit here;
brainly.com/question/28192591
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