Answer:
The amount of check is $4,554
Explanation:
Term 1/10, n/30 means there is a discount of 1% is available on payment of due amount within discount period of 10 days after sale and net credit period of 30 days.
According to given data
Sales = $6,000
Returns = $1,400
Amount due = $6000 - $1,400 = $4,600
As the payment is made within discount period, so discount will be availed
Discount = $4,600 x 1% = $46
Amount of Check = $4,600 - $46 = $4,554
Answer:
Option E.
Explanation:
In free trade, a country with a comparative advantage in a good produces that good in the long-term. Therefore, if these people are working in an industry in which it has a higher opportunity cost i.e. it does not have a comparative advantage; they will eventually see job loss or fall in income or both. On other hand, when they purchase goods which has lower opportunity costs in foreign, they get access to these at a lower price and can purchase a higher quantity. So, these people are both harmed and benefitted by free trade.
Answer:
$80 billion
Explanation:
Okun law equation: GDP gap = Actual GDP * ((Unemployment rate - Natural rate)/100)*2)
GDP gap = $4,000 * ((6-5)/100*2)
GDP gap = $4,000 * 0.02
GDP gap = $80 billion
Therefore, $80 billion in an output level thus, would be what the economy would have sacrificed.
Answer: 13.2%
Explanation:
Given data:
No of stores in the market = 5000
No. of store owners = 2000.
Allison charges = $8/month
Sam charges = $8/month.
Solution:
The market penetration rate would be calculated based on potential customers.
Using our general formula,
Market penetration=Numbers of customers who purchased Allison derived sales and Sam derived sales /Total potential population
Where,
Total potential population=1,500
•Allison derived sales = 129 customers
•Sam derived sales = 69 customers
•Numbers of customers who purchased Allison derived sales and Sam derived sales=129 customers+ 69 customers
•Numbers of customers who purchased Allison derived sales and Sam derived sales =198 customers
Let’s input this into our general formula.
Market penetration
= 169 customers/1,500
= 0.132*100
= 13.2%
The market penetration rate based on potential customers is 13.2%
Answer:<em><u>The company's warranty expense for the month of November is $157,080.
</u></em>
Explanation:
When the estimated amount is recognized-
Warranties expense A/c (Dr.) = $157,080
Estimated Warranty Liability (Cr.) = $157,080
When the repairs are actually paid, Estimated Warranty Liability will be Debited and Cash will be credited.so, The company's warranty expense for the month of November is $157,080.
<em><u>i.e. (34,000 × 3% × $154 = $157,080)</u></em>
