Answer:
The expected cost 8 years from now = $13.87
Explanation:
If the inflation rate averages 3 percent yearly over the next 8 years, the expected cost of services for any year in that time frame is given by
C (x) = K (1.03)ˣ
where
K = present cost = $10.95
x = time in years = 8
So, the expected cost of a haircut 8 years from now would be
C(x=8) = 10.95 (1.03)⁸ = $13.87
Hope this Helps!!!!
Answer: (b) In indirect price discrimination high-value consumers can sometimes still get the low price
Explanation:
Direct price discrimination is based upon the identity of the buyer, while indirect price discrimination involves several offers and achieves price discrimination through customer choices. Two common examples of indirect price discrimination are coupons and quantity discounts.
Answer:
Flora Wholesalers:
The accounts of Flora Wholesalers that will have the same balance at the beginning of next year as they do presently on the adjusted trial balance are:
Assets:
Cash $4,200
Accounts receivable $300
Liabilities and Equity:
Accounts payable $1,100
H. Jones, Capital $4,400
Explanation:
a) Data and Analysis:
Adjusted Trial Balance
Account Debit Balance Credit Balance
Cash $4,200
Accounts receivable $300
Accounts payable $1,100
H. Jones, Capital $4,400
H. Jones, Drawing $900
Fees revenue $13,200
Advertising expense $8,100
Travel expense $4,200
Shipping expense $300
Computer
software expense $400
Assets:
Cash $4,200
Accounts receivable $300
Liabilities and Equity:
Accounts payable $1,100
H. Jones, Capital $4,400
b) The above assets, liabilities, and equity accounts will have the same balances at the beginning of next year as they do presently on the adjusted trial balance. They are called permanent accounts. Only the temporary accounts do change their balances from the adjusted trial balances to the opening balances. The only other account that is not included above is the Retained Earnings. This account is adjusted with the differences in the temporary accounts.
Answer:
The amount received in cash is $686
Explanation:
The amount which is received in cash is computed as:
On June 20, the amount of $300 goods returns from customer, so the remaining balance is
= $1,000 - $300
= $700
On the remaining balance, the discount which is evaluated as the payment is received within the discount period which is June 24. So,
= $700 x (100% - 2%)
= $ 700 x 98%
= $ 686