Answer:
a-1. How long do you have to pay before the account is overdue?
a-2. If you take the full period, how much should you remit?
- if you pay after the discount period (first 30 days) but before the 50th day, you must pay $84,800
b-1. What is the discount being offered?
- 2% if you pay within 30 days
b-2. How quickly must you pay to get the discount?
- you have up to 30 days to pay the invoice and still get the discount
b-3. If you do take the discount, how much should you remit?
c-1. If you don’t take the discount, how much interest are you paying implicitly?
c-2. How many days’ credit are you receiving?
- the total credit period is 50 days
Answer:
B) The law of demand
Explanation:
The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Ceteris paribus means all things being equal.
Says law says supply creates its own demand.
I hope my answer helps you
Answer:
P V = 1669,5
Explanation:
After seven years, future payment will be 9800$ and from there on we will have 23 annual payments more:
P V = 9800/(1+0.08)^23 = 9800/5,87 = 1669,5
Answer:
The cost recorded will be $53,400
Explanation:
In this question, we are to give the value of the amount recorded as the cost of the new equipment.
By simply doing some additions, we will be okay.
mathematically, this would be
Cost of equipment recorded = cost of equipment + transportation cost + sales tax + installation cost = 48,00 + 1,200 + 2,500 + 1,700 = $53,400
