when a firm charges a fee for the right to purchase a product plus a per-unit charge for each unit purchased, a two-part pricing strategy is a firm employs.
Definition: A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber form. All products are made at a price and sold at a price. The price charged varies by market, quality, marketing, and target segment.
A product is an item or service sold to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).
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Answer:
$2,585
Explanation:
The Steps to answer this question requires adjustment to the unadjusted Trial Balance based on the figures given in the adjustments.
The Net Income for the period ended December 31, is calculated as follows
Particulars Amount
Fees Earned (Revenue 7,410+1,035) $8445
Subtract the following Expenses
Depreciation (for the period and not accumulated) 350
Rent Expenses 1,460
Salaries Expense 2,460
Utiities Expense 505
Insurance Expense 810
Supplies Expense 275
Total Expenses ($5,860)
Net Income $2,585
Note: The remaining figures in the questions were not used because they relate to the Balance Sheet and not the income statement.
Good luck.
Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 85000
PMT monthly payment?
R interest rate 0.05
K compounded monthly 12
N time 10 years
Solve the formula for PMT
PMT=Pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=85,000÷((1−(1+0.05÷12)^(
−12×10))÷(0.05÷12))
=901.55 round to the nearest tenth to get 900
Hope it helps!
Answer: c. The subscription began about 10 days before the 15th of the month.
Explanation:
With the first month's payments being pro-rated for the amount due up until the 15th of the month plus the next month's bill amount payments, the likely possibility is that the customer started their first subscription 10 days before the 15th of the first month.
This would then mean that they were charged the daily rate for each of those 10 days which amounted to $15. The daily rate can be calculated by dividing $45 by 30 days because $45 is the rate for the month according to the question.
= 45/30
= $1.5 a day.
