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3 years ago

The markdown could be a dollar amount or a

Business

1 answer:

BabaBlast [244]3 years ago

4 0

Answer:

Percentage of the selling price

Explanation:

Markdown refers to a reduction in the regular selling price of an item. When a trader wants to clear some old inventory or in a sales promotion, they may reduce the regular price to attract more customers. The rate at which the price has been reduced in the markdown.

Markdown can be given in dollar amount. The seller indicates the amount of money that has been knocked off the price. Markdown can also be expressed as a percentage of the regular selling price. In such a case, the new price after the markdown has to be calculated.

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A ____________ is when you take money out of a bank account

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A withdrawal is when you take money out of a bank account

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4 years ago

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michael has a credit limit and a balance of $3,000 on his visa card. his car broke down, he charged the $500 repairs to his visa

saveliy_v [14]

Answer:

He will likely incur the penalty APR, as well as an over-the-limit fee and a late fee—because VISA has to receive his payment in its office by the 20th, not have it postmarked by the 20th is the correct answer.

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3 years ago

Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). H

Aleks [24]

Answer:

The correct option is Dana might be indifferent between C, A, and B.

Explanation:

Note: See the attached photo for the indifference curve showing points A, B and C.

The answer can be explained using an indifference curve.

An indifference curve is a graph that depicts the combination of two commodities that provide equal satisfaction or utility to the consumer. A consumer is indifferent between the two commodities at each point on an indifference curve because all points on the curve provide him with the same level of satisfaction or utility.

In the attached photo, bundles A, B and C are plotted as points on the same indifference curve (IC). Since points A, B and C are on the same IC, it therefore implies that Dana might be indifferent between C, A, and B.

Therefore, the correct option is Dana might be indifferent between C, A, and B.

4 0

3 years ago

_is an amount of money placed into a savings or<br> checking account.

Softa [21]

Answer: Transfer

Explanation:

7 0

3 years ago

On June 1, the company paid $1,200 in advance for 12 months of rent, with the rental period beginning on June 1. This $1,200 was

mezya [45]

Answer:

Debit to Rent Expense for $700

Explanation:

When the company paid $1,200 in advance for 12 months of rent, the monthly amount is $100 [$1,200 ÷ 12 months]. After seven months have passed, the prepaid rent that has expired is $700 [$100 × 7 months].

When the rent was prepaid, the resulting journal entry was:

(DR) Prepaid Rent, $1,200

(CR) Cash, $1,200

To expire seven months of prepaid rent, the resulting journal entry is:

(DR) Rent Expense, $700

(CR) Prepaid Rent, $700

8 0

3 years ago