Answer:
$615
Explanation:
The interest rate on Dawn's credit card is 2.5%
Purchases for the month are $650.
Payments made in the month is $50.
Balance will be
Purchases balance and the interest on the credit card
Purchase balance : $650-$50 = $600
Interest for the month
=2.5% x 600
=0.025 x 600
=$15
Balance will be $600 + $15= $615
Answer:
As the bank manager, Steve should be informed that the promissory note met all conditions and the case cannot be seen in the same light as a fraud case because the bank had no reasons to suspect any kind of fraudulent activity as everything was filled correctly and no sign of tampering on the note, it was a genuine and verified promissory note. Aside from the amount and signature, there was nothing in the note to show the agreement that both Steve and Henry had, which is not going above $5,000.
So the bank has the right to collect all its money from Steve, it is a form of negligence on the part of Steve to leave the amount blank which Henry took advantage of.
Although Steve could sue Henry for going above the amount they both agreed on.
Answer:
Price decreases and demand increases
Explanation:
After achieving a required profit, stores usually start to sell their products on sale. A sale is an opportunity for the buyers to buy goods and services at low prices. Price and demand have an inverse relationship, that is why, on sale, the price decreases and moves the point down, whereas, the increase in the demand moves the point up.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Direct materials $ 20
Direct labor 15
Overhead (60% variable) 20
Cost to manufacture $ 55
The above cost information is based on 10,000 units.
Parton currently sells 8,500 units for $62 per unit.
A distributor has offered to buy 1,000 units for $50 per unit.
We will have into account only the variable costs:
Unitary variable cost= 20 + 15 + (20*0.60)= 47
A) Increase in income= (50-47)*1000= $3,000
B) Regular units= 3000/(62 - 55)= 429 units
Answer:
Letter D is correct.<em> Extreme value retailers.</em>
Explanation:
Extreme value retailers are those whose focus is on offering customers very low prices. This type of consumer price pass-through can be guaranteed by the strategy of such retailers that reduce advertising costs and other marketing variables, and purchase their supplies from ideal suppliers who already sell at lower market prices.
They are therefore able to achieve price advantages by marketing non-durable goods, which are those that are made to be consumed immediately and constantly.
