Answer:
Amount of Check = $784
so correct option is a. $784
Explanation:
given data
Merchandise on account = $1,000
Long Company returns = $200
credit terms = 2/10
n/30
to find out
What is the amount of the check
solution
we know here that Total Merchandise will be
Total Merchandise = Merchandise on account - returns ....................1
Total Merchandise = $1000 - $200
Total Merchandise = $800
and
discount will be here
Discount = 0.02 × 800
returns = $16
so
Amount of Check will be as
Amount of Check = Total Merchandise - Discount ...................2
put here value
Amount of Check = Total Merchandise - Discount
Amount of Check = $800 - $16
Amount of Check = $784
so correct option is a. $784
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Answer:
The correct answer is option b.
Explanation:
A steep demand curve implies that the demand is relatively inelastic. In other words, a significant change in price will cause a small change in the quantity demanded.
A flatter demand curve, on the contrary, implies that a small change in price will cause a greater change in quantity demanded. In other words, demand is relatively elastic.
A change in price will not cause demand to change if the elasticity of demand is perfectly inelastic or when the demand curve is a vertical line.
A change in demand will be equal to the change in price if demand is unitary elastic.
Options:
a) $10,000
b) $1,000
c) $1,100
d) $11,000
Answer:
d) $11,000
Explanation:
There is 1% chance of involving in the auto accident
1% of $100, 000 = 1/100 * 100000 = $1000
The insurance company charges a 10% risk premium
10% of $100,000 = 10/100 * 100000 = $10,000
Full coverage = $10,000 + $ 1000
Cost of Full coverage = $11,000
Based on the options given, the most likely answer to this query are
You want to charge a price that covers variable costs.
You want to charge a price that does not cover fixed costs.
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