The amount that will be received as payment in full by the seller after deducting the return of $250, and applying the 2/10, net/30 terms will be equal to $4,361 on May 4.
<h3>What is
the 2/10, net/30 rule?</h3>
2/10 Net 30 refers back to the change credit offered to a customer for the sale of products or services. 2/10 net 30 approach that if the amount due is paid within 10 days, the customer will experience a 2% discount.
Otherwise, the amount is due in complete within 30 days.
As per the information:
Selling price: $4,700
Discount: 2% (if paid within 10 days of purchase)
returned: $250
The actual amount to be received by the seller:
Hence, The amount that will be received as payment in full by the seller after deducting the return of $250, and applying the 2/10, net/30 rule will be equal to $4,361 on May 4.
learn more about 2/10 Net 30 terms:
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Answer:
d.$5,000
Explanation:
In order to find the maximum amount of possible expansion in the money supply we will have to find the money multiplier. The formula for the money multiplier is
1/reserve ration =1/0.2=5
Now that we know that the multiplier is 5 we will multiply is by 1000 which is the initial deposit, to get the total possible expansion in the money supply, 1000*5= 5000
Answer: A. True
Explanation:
Theory X can be linked to the theory of supply and demand, which simply translates to individuals buying more of a particular good if their income rises. This theory led to the concept of "normal goods", this are simply the goods people buy more once their income increases.
This theory can be falsified using empirical observation: a study can be made, to verify if purchasing habits are directly linked or related to income or earnings.
Answer:
The action the insurance company should take is that they should cancel the insurance policy between them and Randall and return all the premiums paid to date
Explanation:
Here in this question, we are interested in knowing what action the Insurance company will take in the eventuality that Randall experienced a fatal heart attack.
The action the Insurance company will take is that the insurance policy will be canceled and all premiums which have hitherto being paid by Randall will be returned. What we are saying is that the Insurance company will not be liable or held responsible to make payment for the medical costs of the fatal heart attack suffered.
Hence, we can conclude that the Insurance company in this case is not bind by law to pay for the cost of the medical bill and is only to return the premiums already paid by Randall.
