Amount to be credited = $2,020
Outstanding balance = $480
Explanation:
The payment terms state that
- 3% discount may be taken within 10 days of the invoice date (up to May 20); or
- 1% discount may be taken within 15 days of the invoice date (after May 20 but not later than May 25); or
- The net amount is due within 60 days of the invoice date if advantage is not taken of the cash discounts offered.
- The 3% cash discount is not applicable as the payment was made on May 22 which is after the end of the discount period. However, the 1% discount is allowed, since payment on May 22 is within the 15-day period for the 1% discount.
Amount to be credited
= 2000 / (1−0.01)
= 2000 / (0.99)
= $2,020
Outstanding balance
= 2500 - 2020
= $480
Answer:
$39.06 billion
Explanation:
MPC = Marginal propensity to consume = 83%, or 0.83
MPS = Marginal propensity to save = 17%, or 0.17
Tax multiplier = - MPC/MPS = - 0.83/0.17 = - 4.88235294117647
Tax cut = - $8 billion
Effect of $8 billion tax cut = Tax multiplier * Tax cut = (- 4.88235294117647) * (- $8 billion) = $39.06 billion
Therefore, $39.06 billion will be circulated through the economy by that single $ 8 billion tax cut.
Easy.......................... money
Answer:
interest rates rise and truck prices rise.
Explanation:
When making a purchase businesses want to go for the best deal they can get at the lowest price.
In making the purchase of the truck if interest rate rises it means that the cost of borrowing money has increased. The business will incur higher cost to obtain funds to buy the truck so this will discourage them from buying.
Also when the price of the truck rises above previous expectation, the business is less likely to buy the truck because the increased cost will negatively affect the business bottom line.
Answer: Gluten develops as flour is mixed with liquid and forms strong, elastic strands that crisscross in a springy mesh, or weave, of tiny cells. The cells trap air or gas in the baked product. As the product bakes, cells expand with heated air or gas.
Brainliest Please!