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2 years ago

(03.02 MC)

Business

1 answer:

beks73 [17]2 years ago

4 0

Answer:

Her credit limit will increase.

Her insurance will decrease.

Explanation:

A down payment is a sum of money, which when entering into an agreement is paid by one party to the other as an advance on the payment. By handing over and receiving a down payment, the parties show that they are bound by the agreement. The point of down payment from the seller's perspective is usually that the buyer loses his down payment (or part of it) if he or she for some reason does not want to complete the deal. A standard level of a down payment is 10 percent of the purchase price. By paying the down payment, the buyer grants legal security to the sale, thereby reducing the risk. Therefore, for the buyer, the cost of insurance does too. At the same time, having paid a substantial part of the credit obtained, also increases the credit limit that the person has.

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Just before the year ended, a company offered to buy 4,120 units for $14.95 each. X Company had the capacity to produce the addi

Burka [1]

Answer:

Explanation:

Profit on special order = 7847.7 or 7848 Selling price 11 Variable cost special material 0.72 Cost of goods sold 6.69 Selling and administrative cost 1.02 Total variable cost per unit Particulars Per Unit 64500 Units Sales 19 1225500 Less: Variable cost Cost of Goods Sold (521805-130935) 6.06 390870 Sales commission (Sales*4%) 0

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3 years ago

Complete the following sentence. Given that total revenue = price x quantity, a reduction in price will lead to an increase in t

ycow [4]

Elastic.
This is the formula for elasticity:
Elasticity = (Quantity variation/Quantity)/(Price variation/Price)
Inelastic demand is the one in which a variation in price doesn’t lead to an important variation in the quantity bought by consumers. So, in the formula, numerator is much smaller than denominator, so the fraction is lower than 1. That happens with necessary goods (typically, food).
On the contrary, elastic demand is the one in which a variation in the price leads to an important variation in the quantity bought by consumers, and that means the fraction is higher than 1. So if I sell the product at a lower price, I will sell much more product.
Considering the formula: R = P*Q, when demand is elastic, I will have much more sold quantity with just a little lower price, which leads to a higher revenue.

3 0

3 years ago

Read 2 more answers

How to calculate the adjusted gross income<br>

DedPeter [7]

Answer:

Explanation:

Start with your gross income. Income is on lines 7-22 of Form 1040.

Add these together to arrive at your total income.

Subtract your adjustments from your total income (also called “above-the-line deductions”)

You have your AGI.

6 0

3 years ago

Oriole Company has the following transactions related to notes receivable during the last 2 months of the year. The company does

NikAS [45]

Answer:

See explanation

Explanation:

Nov. 1 Notes receivable - C. Bohr Debit $52,200

Cash Credit $52,200

To record the loan provided to C. Bohr issuing a 7%, 12-month note.

Dec. 11 Notes receivable - K. R. Pine Debit $1,800

Sales revenue Credit $1,800

To record the sales revenue by issuing a 8%, 90-day note.

Dec. 16 Notes receivable - A. Murdock Debit $4,800

Accounts receivable - A. Murdock Credit $4,800

To record the settlement of an open account by issuing a 180-day, 10% note.

Dec. 31 Interest Receivable Debit $681 (Note - 1)

Interest Revenue Credit $681

To record the interest revenue accrued on December 31.

Calculation:

November 1 Interest from C. Bohr = $52,200 × 7% × (2÷12) = $609

December 11 Interest from K. R. Pine = $1,800 × 8% × (20÷90) = $32

December 16 Interest from A. Murdock = $4,800 × 10% × (15 ÷ 180) = $40

Total Interest = $681

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3 years ago

Sierra offers to sell Alyssa a Scottish terrier puppy for $800. Alyssa and Sierra do not discuss the dog’s ancestry, but Alyssa

Vitek1552 [10]

Answer:

The correct option is B

Explanation:

Sierra offers to sell a puppy to Alyssa for the amount of $800. And they did not discuss the ancestry of the dog but Alyssa believes that the dog is from champion line. So, agreed on the same.

But later on she discovered the fact the she has been overpriced. So, grounded on this she is not allowed to revoke the contract. As she made made a mistake regarding the value or the worth of the dog not on the material fact of the dog.

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2 years ago