Answer:
$4,410
Explanation:
Discount refers the amount that is deducted from the usal price of a good sold or service rendered.
From the question, the credit terms 2/10, n/30 implies 2% discount if the amount owed is paid within 10 days while no discount will be enjoyed if the amount owed is paid after 10 days but must be beyond 30 days.
Therefore, the amount owed by Lulu's if the store pays within the discount period, i.e. within 10 days, can be calculated as follows:
Discount = (Purchases - Merchandise returned) * 2% = ($5,500 - $1,000) * 2% = $90
Amount owed = Purchases - Merchandise returned - Discount = $5,500 - $1,000 - 90 = $4,410.
Therefore, the amount owed by Lulu's if the store pays within the discount period is $4,410.
Answer:
Roth IRA
Explanation:
The best recommendation for this individual would be to make a $5,000 contribution to a Roth IRA fund. A Roth IRA is an individual retirement account in the United States that offers tax-free growth and withdrawals in retirement at age 59½ or older. Since Roth IRA accounts have a annual contribution limit which varies between 5k to 6k a year, the individual will be able to max out this year's contribution with this single payment.
The term "Ceteris paribus" means the notion that all variables except those under immediate consideration are held constant for a particular analysis.
<h3>
What is Ceteris paribus?</h3>
It is a Latin phrase that means "all other things being equal", but in economics, it means the indication of the effect one economic variable has on another provided all other variables remain the same.
Hence, the phrase means the notion that all variables except those under immediate consideration are held constant for a particular analysis.
Read more about Ceteris paribus
brainly.com/question/868746
#SPJ1
Answer: C) $36,000
Explanation:
Only alimony payments for the year may be deducted from gross income. Child support may not.
After the child turns 21, Kim pays $3,000 only which means that $3,000 was the alimony amount net of child support.
The yearly deduction is;
= 3,000 * 12
= $36,000