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3 years ago

___________ replace the typical magnetic strip on a credit or debit card with a microprocessor. smart cards

Business

1 answer:

11Alexandr11 [23.1K]3 years ago

8 0

Smart cards replace the typical magnetic strip on a credit or debit card with a microprocessor.

Smart cards are an EFT tool combining all of a persons information for approval of use of the card without signing for each purchase. This type of card has a chip to stick into the machine instead of using the strip to slide and then sign for the purchase.

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Swifty Corporation records purchases at net amounts. On May 5 Swifty purchased merchandise on account, $85000, terms 2/10, n/30.

Alina [70]

Answer:$5400

Explanation:

In sales merchandise a seller can give a trade or a cash discount. A trade discount is giving based on the volume of sales, while a cash discount is giving to encourage prompt cash payment and it will be accorded the buyer once the conditions of payment is met.

The above scenario is a cash discount which means 2% cash discount will be giving if payment is made whithin 10 days and it should be made within 30 days. The amount of cash discount is there after deducted from the income statement as an expenses, though for the trade discount this is deducted directly to the sales journal.

Swift only return goods of $5400 and this is the amount to be recognized as purchase return.

6 0

3 years ago

A medical researcher suggests that the new flu shot will prevent all forms of the flu, but it was never tested or proved to be t

denis23 [38]

Answer:

d. Clayton Act

Explanation:

* The Clayton Antitrust Act, declared in 1914, proceeds to improve U.S. patronage systems now.

* Designed to encourage quicker antitrust enactment, the Clayton Antitrust Act forbids anti-competing alliances, unfair pricing and predatory, furthermore other sorts of unscrupulous corporate action.

* The Clayton Antitrust Act also preserves people, enabling lawsuits corresponding organizations and supporting the rights of labor to assemble and demur modestly.

Medical researcher recommends that the new flu shot will stop all kinds of the flu, though it was never examined or declared to be right, so as we know that this will act according to the Clayton Act as rules explained above.

7 0

2 years ago

A manufacturer of a variety of technological devices asked its marketing department to develop inexpensive methods of building a

SOVA2 [1]

Answer:

Accountancy There are 6 points on a coordinate plane. The points are (negative 5, 0), (negative 4, 1), (negative 3, 4), (1, negative 2), (2, 4), (5, negative 3).

A domain: {–5, –4, –3, –2, 0, 1, 2, 3, 4, 5}

B domain: {–3, –2, 0, 1, 4}

C domain: {–5, –4, –3, 1, 2, 5}

D domain: {(–5, 0), (–4, 1), (–3, 4), (1, –2), (2, 4), (5, –3)}

3 0

2 years ago

North Side Wholesalers has sales of $948,000. The cost of goods sold is equal to 68 percent of sales. The firm has an average in

Masteriza [31]

Answer:

13 days

Explanation:

We are to calculate the days of inventory on hand.

Days of inventory on hand = number of days in a period/ inventory turnover

Inventory turnover = Cost of goods sold / average inventory

Cost of goods sold = 0.68 x $948,000 = $644,640

Inventory turnover = $644,640 / $23,000 = 28.027826

Days of inventory on hand = 365 / 28.027826 = 13.02 days

I hope my answer helps you

5 0

3 years ago

At a price of $8.5 per ticket, a musical theater group can fill every seat in their 1800 seat performance hall. For every additi

sasho [114]

Answer:

The ticket price that maximizes revenue is $18.10

Explanation:

Hi, first we need to construct the revenue equation in terms of the additional dollar charge (that would be X). That is:

$Revenue=Price*Quantity$

$Revenue=(8.5-X)(1,800-65X)$

So we expand it:

$Revenue=15,300-552.5X+1,800X-65X^{2}$

$Revenue=-65X^{2} +1247.5X+15,300$

This is a parabola, and we need to find its vertex, which in our case that would be the maximum additional dollar charge in order to obtain the highest revenue possible, to find the vertex, we need to consider that:

$Y(X)=AX^{2}+ BX+C$

And to find the X-coordenate we have to use the following equation.

$Vertex(X)=\frac{-B}{2A}$

In our case, A= -65; B= 1,247.5, so, all should look like this:

$Vertex (X)=\frac{-(1247.50}{2(-65)} =9.6$

That means, we need to make 9.6 increments of $1 in order to obtain the max revenue possible, therefore, the price would be

Price = $8.50 + $1(9.6)= $8.50 + $9.6 =$18.10

Best of luck.

7 0

3 years ago