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n200080 [17]
4 years ago
7

J.C. Penney of Boston sold office equipment for $12,000 to Lee's of San Diego. Terms of the sale are 3/10, n/30 FOB Boston. J.C.

Penney has agreed to prepay freight $300. Assuming Lee's pays within the discount period, how much will Lee's pay J.C. Penney?
Business
1 answer:
rjkz [21]4 years ago
8 0

Answer:

$11,940

Explanation:

The computation of the paying amount is shown below:

= Sale value of the equipment - discount charges + freight charges

= $12,000 - $360 + $300

= $11,940

The discount charge is

= Sale value of the equipment × discount rate

= $12,000 × 3%

= $360

We simply deduct the discount and added the freight charges to the sale value of the equipment so that the actual value could arrive

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Suppose that the supply schedule for tacos shows 300 tacos per day supplied at a price of $2.00 apiece. What must the demand sch
GREYUIT [131]

Answer:

300 tacos as well

Explanation:

Market equilibrium is defined as the point where market supply and market demand are exactly the same.

So if the supply schedule shows 300 tacos per day at a price of $2.00, for this point to be the market equilibrium, the demand schedule has to show 300 tacos per day.

This also means that $2.00 is the equilibrium price in this market, that is to say, the price at which the supply and demand of tacos equalize.

6 0
3 years ago
When production costs rise,a.the short-run aggregate supply curve shifts to the right. b.the short-run aggregate supply curve sh
solong [7]

Answer:

The short-run aggregate supply curve shifts to the left.

Explanation:

A shift in aggregate supply can be as a result of many factors such as changes in the size and quality of labor, technological innovations, an increase in wages, an increase in the cost of production, changes in inflation and changes in the amount of producers taxes.

Increases in the price of such inputs could lead to a shift of the SRAS curve to the left, which means that at each given price level for outputs, a higher price for inputs will hinder production.

8 0
3 years ago
Read 2 more answers
Expenses included in the home office deduction, such as painting or repairs to the actual area of the home used for business, ar
damaskus [11]

Expenses included in the home office deduction, such as painting or repairs to the actual area of the home used for business, are referred to as   deductible expenses

<h3>What are home office costs?</h3>
  • Home office expenses are those incurred as a result of running a business or performing employment-related tasks within one's home dwelling.
  • Within certain limits, expenses incurred in the operation of a home-based business are deducted on your federal taxes.
  • With the Tax Cuts and Jobs Act of 2017, the regulations for deductions changed, so make sure you receive information on deductions published in 2018 or later.

learn more about home office costs refer:

brainly.com/question/14924718

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1 year ago
Regulation Z of the Truth-in-Lending Law would apply to real estate loans for all except which of the following?A) Residential l
adoni [48]

Answer:

B) Commercial loan

Explanation:

The Truth in Lending Act and Regulation Z only applies to consumer-purpose loans and These are loans and credit used primarily for personal, family, or household purposes, It does not apply to credit extensions that are primarily for business purposes.

5 0
3 years ago
If the opportunity cost of manufacturing machinery is lower in the United States than in Britain and the opportunity cost of man
kogti [31]

Answer:

.a. import sweaters from Britain and export machinery to Britain.

Explanation:

A lower opportunity cost of manufacturing a particular goods means that a country uses fewer inputs in production compared to other nations.  The country can produce more quantities of the product using similar factors of production. A lower opportunity cost in manufacturing will make a country's output cheaper compared to when that product is manufactured in other nations.

Varying production costs form the basis of international trade. A County imports commodities that are produced cheaply elsewhere and exports the goods it can manufacture at a lower cost. The united states can produce machinery at a lower cost than Britain.  Britain will be prudent to import machinery from the united states rather than produce.  Britain produces sweaters using fewer inputs that the US. The US will find importing  sweaters from Britain more economical compared to manufacturing.  

3 0
3 years ago
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