Answer:
$8500
Explanation:
Beg AP bal = 3000
Sold 1/2 of merch on acct = add 2500
Paid suppliers = subtract 1000
Bought more merch on acct = add 4000
3000 + 2500 - 1000 + 4000 = 8500
Ending AP bal = 8500
Answer:
Consider the following explanation
Explanation:
a) J. Crew is issuing its catalogs monthly in response to inflation. This will incur cost and it is known as 'Menu Cost'.
b) Grandpa has bought annuity which has promised $10,000 a year for the rest of his life. However, higher than expected inflation means grandpa has lesser purchasing power. This is loss of purchasing power and also 'redistribution cost'. In higher inflation borrower tends to get benefit. Here insurance company is at the gain.
c) Maria is witnessing loss of purchasing power because of hyper inflation. In such scenario, cost keeps rising and product's price could be higher a few hours later. This was witnessed in Germany as well as in Zimbabwe. People run to the stores as soon as they get cash or salary. It is known as 'shoe leather cost'. People make frequent trips to banks or stores but do not keep cash in fear of losing value.
d) Gita actually earned only 5% on her portfolio but as her income is in taxable bracket so she has to pay 20% tax. Her income from portfolio not even compensated inflation. This is a redistribution cost and also known as fiscal drag. More people fall into bracket because higher nominal income but real income is neglected which makes people worse off.
e) Father thinks that son is earning far more than him but inflation over the period of time erodes purchasing power and it could be possible that current income might be lower, same or higher comparing to inflation data. However, if it is lower then it is obviously loss of purchasing power.
Answer:
$58,740
Explanation:
The computation of the cash paid is shown below:
For March month
= March purchase × remaining percentage
= $53,000 × 80%
= $42,400
For April month
= April purchase × given percentage × after applying cash discount
= $86,000 × 20% × 95%
= $16,340
So, the total amount of cash paid would be
= $42,400 + $16,340
= $58,740
Simply we multiply the monthly percentage with their percentage criteria
Answer:
$3.56
Explanation:
having the 40% allows you to keep the sandwich price lower
Answer:
Option "A" is correct.
Explanation:
Option “A” is correct because the demand schedule is a tabular statement that shows the different prices and quantities. Basically, this tabular statement shows the different quantity demanded at different prices. At the higher price, the demand is lower and at lower prices, the demand is higher. Therefore, the price and demand have an inverse relationship, and the demand curve is downward sloping.
