Answer:
i. is relatively more expensive to the poor than to the rich.
regressive
Explanation:
A sales tax is a tax on the consumption of goods and services levied by the government or an agency of the government.
There are three types of tax systems
1. Regressive tax system is a tax system where those that earn lower income pay more tax and those that earn higher income pay less tax.
2. A proportionate tax taxes everyone the same regardless of the amount earned.
3. A progressive tax is a tax structure where those who earn higher income are taxed more and those that earn less pay less amount of tax.
A sales tax is regressive.
This can be illustrated with an example.
Person A earns $100,000 while person B earns $1000. They both purchased a good and the sales tax paid was $50.
The proportion of sales tax to income for person A = 50 / 100,000 = 0.05%
The proportion of sales tax to income for person B = 50 / 1000 = 5%
It can be seen that the sales tax is relatively more expensive to the poor than to the rich. this is an example of a regressive tax
Seeing a movie at a theatre would be considered a(n)_____ want.
O unlimited
economic
O noneconomic
limited
Answer:
non-economic
Explanation:
A want or demand is a manifestation of the desire to want pt to have the item or possession of the value of that product or service. The watching of a movie in the theatre or a mall is regarded as a noneconomic as it does not possess any economic value. As wants can be limited and unlimited, theatres are for the general public and operate for non-profit.Auto Shoppe is considering the purchase of a new engine computer code reader for $30,000. Auto Shoppe can charge $50 for the service of reading the codes from a single car engine, while the actual cost of the reading would only be $10 per car engine. Suppose that the manager of Auto Shoppe is concerned about this purchase, and has stated that if Auto Shoppe were to buy the new engine computer code reader, "..the machine needs to pay for itself by the time we use it to read the codes of 200 car engines." The manager says this is because, "…those sorts of engine computer code readers go out of date very quickly, so if we don’t get our money back soon, we will probably just wind up replacing the machine before it ever breaks even." What would Auto Shoppe need to charge for the service of reading each car engine, to just break-even when it reads the codes from 200 car engines?
Answer:
Auto Shoppe
For Auto Shoppe to just break-even when it reads the codes from 200 car engines, it would charge $160 for the service of reading each car engine.
Explanation:
a) Data and Calculations:
Fixed cost of new engine computer code reader = $30,000
Service charge for reading the code from a single car engine = $50
Variable cost of reading per car engine = $10
Number of engines to read their codes = 200
To break-even, total costs must equal total revenue
Total costs = Fixed costs + Variable costs
= $30,000 + $10 * 200
= $32,000
Therefore, revenue should be equal to $32,000
The amount to charge in order to break-even is:
= $160 ($32,000/200)
b) This implies that to break-even at $50 selling price, the number of engines should be increased to 750 ($30,000/$40). This is because the contribution margin per unit = $40 ($50 - $10) and the fixed costs = $30,000.
What is the price today (in dollars and cents) of a 20-year zero coupon bond if the required rate of return is 6.95%. The bond face value is $1000. $ Place your answer in dollars and cents. You should set your calculator for at least four decimal places of accuracy. I'll remind you of this from time to time but this is a working rule throughout the semester. Do not include a dollar sign or comma in your answer. This is another rule that I'll remind you of but should be a working rule throughout the semester.
Answer:
Bond Price - Zero Coupon Bond = 260.8460 rounded off to 260.85
Explanation:
A zero coupon bond is a kind of bond which pays no periodic interest of coupon payments. Instead it is offered at a discount and it pays the par/face value at maturity. The difference between the par/face value and the issue price is the interest rate which is embedded in price of the bond. Thus, the formula to calculate the price of a zero coupon bond is as follows,
Bond Price - Zero Coupon Bond = Face Value / (1+r)^n
Where,
r is the required rate of returnn is the number of periods till maturityBond Price - Zero Coupon Bond = 1000 / (1+0.0695)^20
Bond Price - Zero Coupon Bond = 260.8460 rounded off to 260.85
The following revenue and expense account balances were taken from the ledger of Guardian Health Services Co. after the accounts had been adjusted on February 28, 20Y0, the end of the fiscal year:
Depreciation Expense $17,400
Insurance Expense 8,530
Miscellaneous Expense 6,790
Rent Expense 70,300
Service Revenue 334,100
Supplies Expense 4,180
Utilities Expense 26,800
Wages Expense 262,700
Prepare an income statement.
Answer:
Guardian Health Services Co.
Income Statement for the year ended February 28, 20Y0
$ $
Sales
Service Revenue 334,100
Cost of Goods sold
Supplies Expense 4,180
Gross Profit 329,920
Operating expense
Utilities Expense 26,800
Wages Expense 262,700
Depreciation Expense 17,400
Insurance Expense 8,530
Miscellaneous Expense 6,790
Rent Expense 70,300
392,520
Net profit/(loss) (62,600)
Explanation:
The income statement is a statement that shows the net profit or loss of a business for a period end. It shows the income made and expenses incurred in the course of a given period.
Identify some of the changes that can be implemented (or already have been) to a business model/process to enable such a fast setup time (including product design, having replacements available where and when needed, devoting human resources to the task, using automation, etc.). If not from a product or company, think about processes that you do in your daily lives.
Explanation:
In a logistics company, for example, automation is an essential need for improving the speed of business processes. Assuming that the company is a carrier that delivers products from an online site, the use of information technologies as a platform where the entrances and exits are identified, will make the processes faster and more organized.
Other suggestions would be the online monitoring of automobiles, which would avoid detours, increase safety and speed as well.
Automation in logistics increases speed, decreases costs, reduces errors and provides greater security and reliability to processes.
Bond A pays $8,000 in 20 years. Bond B pays $8,000 in 40 years. (To keep things simple, assume these are zero-coupon bonds, which means the $8,000 is the only payment the bondholder receives.)
Required:
a. If the interest rate is 3.5 percent, what is the value of each bond today? Which bond is worth more? Why? (Hint: You can use a calculator, but the rule of 70 should make the calculation easy.)
b. If the interest rate increases to 7 percent, what is the value of each bond? Which bond has a larger percentage change in value?
Answer:
$4020.53
$2020.58
The bond that pays $8000 in 20 years because its present value is higher
$2067.35
$534.24
The bond that pays $8000 in 40 years
Explanation:
formula for finding present value
pv = fv / (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
a. $8000 / (1.035)^20 = $4020.53
$8000 / (1.035)^40 = $2020.58
b. $8000 / (1.07)^20 = $2067.35
$8000 / (1.07)^40 = $534.24
There is a 73.5% decrease in the price of the bond that pays $8000 in 40 years
There is a 48.6% decrease in the price of the bond that pays $8000 in 20 years
Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred. 9/6 Purchased calculators from Dragoo Co. at a total cost of $1,650, terms n/30. 9/9 Paid freight of $50 on calculators purchased from Dragoo Co. 9/10 Returned calculators to Dragoo Co. for $66 credit because they did not meet specifications. 9/12 Sold calculators costing $520 for $690 to Fryer Book Store, terms n/30. 9/14 Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $34. 9/20 Sold calculators costing $570 for $760 to Heasley Card Shop, terms n/30. Instructions: Journalize the September transactions.
Answer and Explanation:
The journal entries are shown below;
1. Inventory $1,650
Accounts Payable $1,650
(To record purchased on account)
2. Inventory $50
To Cash $50
(To record freight paid)
3. Accounts Payable $66
To Inventory $66
(To record the returned calculator)
4. Accounts Receivable $690
To Sales Revenues $690
(To record sales on the account)
5. Cost of Goods Sold $520
To Inventory $520
(To record cost of goods sold)
6. Sales returns $45
To Accounts Receivable $45
(To record the sales return)
7. Inventory $34
To Cost of Goods Sold $34
(To record the cost return)
8. Accounts Receivable $760
To Sales Revenues $760
(To record the sales on account)
9. Cost of Goods Sold $570
To Inventory $570
(To record the cost of goods sold)
You run a hospital with 100 rooms. Fixed daily cost is $2000 which includes staff salary, property charges, maintenance etc. Variable cost per room is $10 which includes cleaning, equipment rentals, utility cost etc. which is incurred only when the room is full. You charge $50 per room per day. You sold 30 rooms today, how much profit/loss did you earn.
Answer:
lost $800
profit per room is 50-10= 40 per full room. 30 rooms at 40 each is $1200. fixed cost is $2000, $800 more than the days revenue
If you want to give a vendor an incentive to complete work early which type of contract would you use?
Answer:
A fixed price incentive is a type of price that is set based on a reward that will be given only in the case the good or service traded results to be better than expected.Explanation:
ILYYou run a construction firm. You have just won a contract to build a government office complex. Building it will require an investment of $10.0 million today and $5.0 million in one year. The government will pay you S20.O million in one year upon the building's completion. Suppose the interest rate is 10.0%.
Required:
a. What is the NPV of this opportunity?
b. How can your firm turn this NPV into cash today?
Answer:
a. Net Present Value = Present value of cashflows - Investment
Year 1 cash inflow = Receipts - Additional investment figure
= 20 million - 5 million
= $15 million
Net Present Value = (15,000,000 / (1 + 10%)) - 10,000,000
= $3,636,363.64
b. The total that the firm will receive from the government in today's value is:
= 20,000,000 / ( 1 + 10%)
= $18,181,818.18
The company can borrow this $18,181,818.18 now, assuming they can get it at a rate of 10%. When they are to pay it off in the next year, they will use the $20,000,000 that the government then pays them to pay off the loan.
define fannie mae and freddie mac.
Answer:
Fannie Mae and Freddie Mac were created by Congress. They perform an important role in the nation's housing finance system – to provide liquidity, stability and affordability to the mortgage market.
Explanation:
Which of the following will help you have a good credit score?
OA.
Opening a lot of credit accounts.
B.
Keeping your balance at the maximum available amount of credit.
O C.
Paying off your debt as quickly as possible.
D.
All of the above
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company.
HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020
Work in process (1/1) $219,610
Direct materials
Raw materials inventory (1/1) $51240
Add: Raw materials purchases 160,200
Total raw materials available for use 211440
Less: Raw materials inventory (12/31) 29,310
Direct materials used $182,130
Direct labor
Manufacturing overhead Indirect labor 26,980
Factory depreciation 45,020
Factory utilities 72,870
Total overhead 144,870
Total manufacturing costs 327000
Total cost of work in process 631170
Less: Work in process (12/31) 84,330
Cost of goods manufactured $546,840
Answer:
Hobbit Company
Cost of goods manufactured schedule
Work in process (1/1) $219,610
Direct materials
Raw materials inventory (1/1) $51240
Add: Raw materials purchases $160,200
Total raw materials available for use $211440
Less: Raw materials inventory (12/31) ($29,310)
Direct materials used $182,130
Direct labor $304,170
Manufacturing overhead Indirect labor $26,980
Factory depreciation $45,020
Factory utilities $72,870
Total overhead $144,870
Total manufacturing costs $327,000
Total cost of work in process $631,170
Less: Work in process (12/31) $84,330
Cost of goods manufactured $546,840
Explanation:
The cost of goods manufactured schedule is a report consisting of manufacturing costs incurred during the production period.
Direct Labor = Total cost of work in process - Total manufacturing costs
= $631,170 - $327,000
= $304,170
Which of the following is NOT a benefit provided by a stakeholder analysis document?
Select an answer:
You will know who the project stakeholders are.
You can prioritize stakeholders so you make sure to keep the most important ones happy.
You will know the best way to communicate project information to the stakeholders.
You will understand the best way to work with different stakeholders to get results.
Answer:
This is not a benefit provided by a stakeholder analysis document:
You can prioritize stakeholders so you make sure to keep the most important ones happy.
Explanation:
A stakeholder analysis document identifies a project's stakeholders, their participation levels, interests, and influences in the project. It determines the best approach to involve, and therefore, communicate with each stakeholder group. The purpose of the document is not to prioritize stakeholders but to identify the groups.
The manufacturing division of an electronics company uses activity-based costing. The company has identified three activities and the related cost drivers for indirect production costs:
Activity Cost Driver
Activity 1 Direct materials CostActivity 2 Direct Labor Cost
Activity 3 Kilowatt Hours
Three types of products are produced. Direct costs and cost-driver activity for each product for a month are as follows:
Product A Product B Product C
Direct material cost $75,000 $50,000 $125,000
Direct Labor Cost $6,600 $1,000 $3,000
Direct Labor hours $2,000 $1,000 $2,000
Kilowatt hours $150,000 $200,000 $150,000
Indirect productioncosts for the month are as follows:
Activity 1 $30,000
Activity 2 $20,000
Activity 3 $16,000
Total $66,000
A.) Compute the indirect production costs allocated to each product using the ABC system?
B.) Compute the indirect production costs allocated to each product using a traditional costing system. Assume indirect production costs are allocated to each product using the cost driver: direct labor hours?
An unlevered firm has a cost of capital of 16.7 percent and earnings before interest and taxes of $489,602. A levered firm with the same operations and assets has face value of debt of $650,000 with a coupon rate of 7.5 percent that sells at par. The applicable tax rate is 35 percent. What is the value of the levered firm
Answer:
$2,133,136.53
Explanation:
Calculation for value of the levered firm
First step is to calculate the VU
VU= [$489,602 × (1 - .35)] / .167
VU= $1,905,636.53
Now let calculate the value of the levered firm
VL= $1,905,636.53 + .35($650,000)
VL= $2,133,136.53
Therefore the value of the levered firm is $2,133,136.53
The risk-free rate of return is 6 percent, and the expected return on the market is 14.7 percent. Stock A has a beta coefficient of 1.6, an earnings and dividend growth rate of 6 percent, and a current dividend of $1.90 a share. Do not round intermediate calculations. Round your answers to the nearest cent. What should be the market price of the stock
Answer:
P0 = $14.4683 rounded off to $14.47
Explanation:
To calculate the market price of the stock today, we will use the constant growth model of DDM. The constant growth model calculates the values of the stock today based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g) / (r - g)
Where,
D0 is the dividend todayg is the constant growth rater is the required rate of return on the stockWe first need to calculate r using the CAPM equation. The equation is,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the risk free raterM is the return on marketr = 0.06 + 1.6 * (0.147 - 0.06)
r = 0.1992 or 19.92%
Using the price formula for DDM above, we can calculate the price today to be,
P0 = 1.9 * (1+0.06) / (0.1992 - 0.06)
P0 = $14.4683 rounded off to $14.47
Whom should you hire? Madison is a fun-loving leader who wants the best for her employees. She will pull the group together by organizing group get-togethers and outings and by making sure that every employee feels like he or she has the right to speak up. Abigail is a no-nonsense leader with a strong background in sales and merchandising. She will pull the group together by implementing training, giving directions, and making sure that everyone knows exactly what they are expected to do.
Concord Corp. enters into a contract with a customer to build an apartment building for $921,300. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $156,000 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $52,000 each week that completion is delayed. Concord commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by Probability August 1, 2021 70 % August 8, 2021 20 August 15, 2021 6 After August 15, 2021 4 Determine the transaction price for this contract.
Answer:
$133,120
Explanation:
Calculation to Determine the transaction price for this contract
August 1, 2021 transaction price =$156,000*.7
August 1, 2021 transaction price=$109,200
August 8, 2021 transaction price=(156,000-$52,000)*.2
August 8, 2021 transaction price=$104,000*.2
August 8, 2021 transaction price=$20,800
August 15, 2021 transaction price=$52,000*.06
August 15, 2021 transaction price=$3,120
August 15, 2021 transaction price=$0*.04
August 15, 2021 transaction price=0
Total transaction price = $109,200+$20,800+$3,120+$0
Total transaction price = $133,120
Therefore the transaction price for this contract will be $133,120
Karma Company has prepared its operating budget for the first quarter of 20x9. The company forecasts sales of $50,000 in February, $60,000 in March, and $70,000 in April. Variable and fixed expenses are as follows: Variable: Utilities (electricity): 40 % of sales Misc. expenses: 5 % of sales Fixed: Salary expense $ 8,000 per month Rent expense $ 5,000 per month Depreciation expense $ 1,200 per month Utilities expense (fixed part) $ 800 per month Misc. Expense (fixed part) $ 1,000 per month What are the total selling and administrative expenses for the month of February
Answer:
The correct solution is "38,500".
Explanation:
The given values are:
Sales in February,
= $50,000
Sales in March,
= $60,000
Sales in April,
= $70,000
Now,
The total selling and administrative expenses for the month of February will be:
= [tex]Variable \ costs + Fixed \ cos ts[/tex]
On substituting the values, we get
= [tex]50,000\times (40 \ percent+5 \ percent) + (8,00 0+5,000+1,200+800+1,000)[/tex]
= [tex]20000+2500+8000+5000+1200+800+1000[/tex]
= [tex]38,500[/tex]
Selling, general and administrative costs are the costs incurred by a firm to market, sell and deliver its products and services, as well as run day-to-day operations.
The correct solution is "38,500".
Given Information:-
Sales in February= $50,000
Sales in March= $60,000
Sales in April = $70,000
The total selling and administrative expenses for the month of February will be:
=Variable Costs + Fixed Costs
=50,000*(40%+ 5%)+(8,000+5,000+1,200+800+1,000)
=20,000+2500+8,000+5,000+1,200+800+1,000
=$38,500
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The Village records an outstanding Bond Liability with a book value of $10,000 (all numbers in $1,000s) at the beginning of the year that requires a principal payment of $500 per year. Its records also indicate that it borrowed $3,000 on new Bonds during the year. What two reconciliation entries must the Village include in its government-wide financial statements relating to its Bond Liability
Answer:
The Village
The two reconciliation entries that Village must include in its government-wide financial statements relating to its Bond Liability are:
1. Debit Interest Expense $500
Credit Interest Payable $500
To record the accrued interest expense for the year.
2. Debit Cash $3,000
Credit Bond Liability $3,000
To record the issuance of new bonds during the year.
Explanation:
a) Data and Analysis:
Beginning bond liability = $10,000
Interest Expense $500 Interest Payable $500
Cash $3,000 Bond Liability $3,000
b) The first is to accrue interest expense of $500 and record Interest Payable of $500. The second is to record the new Bonds issued during the year.
Gil, floor supervisor at JKR Custom Cabinets, has been talking to his workers about what the union organizer has said in recent meetings with the workers. The workers have shared their belief that the union has the power, in future negotiations with management, to obtain employee benefits that are much desired by the workers. Therefore, Gil has advised his division manager that the upcoming vote will be:________
a. to seek arbitration.
b. to seek mediation.
c. in favor of the union.
d. in favor of an economic strike.
Answer:
b
Explanation:
Pool Perfection provided pool maintenance services worth $1,600 during July; in June, the customers had paid in advance for these services. During July, the company performed $1,000 of pool maintenance services, and in August, collected payment from those customers. Also, during July, the company accepted an order to perform $500 of pool maintenance services in August; the customers will pay for these services during August. The company uses accrual basis accounting. The Service Revenue account should be credited for:
Answer:
$1,600
Explanation:
It is important to note that the company uses accrual basis accounting. The Service Revenue account should be credited for $1,600
Mary applied for a loan and was rejected. Calculate her debt-to-assets-ratio, given that
her current debt is $60,000 and her assets is $66,000. Comment on the results
explaining why Mary was rejected for the loan
Answer and Explanation:
The computation of the debt to asset ratio is shown below:
Debt to Assets Ratio = (Total Debts ÷ Total Assets) × 100
= $60,000 ÷ $66,000 × 100
= 90.91%
This debt to asset ratio represents that 90% is the liability corresponding to the assets this shows that it is more leverages and more risky for taking more loans. And the loan application would be rejected as the bank would feel that the debt to asset ratio is high leveraged and contains huge risk
Let D0 and S0 be the initial demand and supply curves for gasoline. Let P* and Q* be the initial equilibrium in this market. There is an increase in incomes due to a technology boom. Which ONE of the following correctly captures the effect of this change on the market for gasoline? Question 3 options: Both equilibrium quantity and price will increase Both equilibrium quantity and price will decrease Equilibrium quantity will increase, but equilibrium price will decrease Equilibrium quantity will decrease, but equilibrium price will increase
Answer: Both equilibrium quantity and price will increase
Explanation:
If there is an increase in income, it means that people can afford to buy more gasoline or rather will buy more things that need gasoline such as cars.
The demand for gasoline will therefore go up and shift the demand curve to the right. The demand curve will then intersect with the supply curve at a higher equilibrium price and quantity.
Use the information:
Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1.
Date Blankets Units Cost
May 3 Purchase 5 $20
10 Sale 3
17 Purchase 10 24
20 Sale 6
23 Sale 3
30 Purchase 10 30
1. Assuming that the company uses the perpetual inventory system sold for the sale of May 20 using the LIFO inventory cost method.
a. $136.
b. $144.
c. $180.
d. $120.
2. Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the FIFO inventory cost method. a. $120 b. $180 $136 d. $144 72.
3. Assuming that the company uses the perpetual inventory system, determine the ending inventory value for the month of May using the FIFO inventory cost method.
a. $364.
b. $372.
c. $324.
d. $320.
4. Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the FIFO inventory cost method.
a. $108.
b. $120.
c. $72.
d. $180.
5. Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method.
a. $324.
b. $372.
c. $320.
d. $364.
Answer:
1. Option B
2. Option C
3. Option B
4. Option A
5. Option D
I've done this work before so I remember the answers.
Sorry about that other user taking your points, I hope this helps you though :)
XYZ company sells wooden carvings for $300 each. The direct materials cost per unit is $160 and the direct labor per unit is 2 hours at a rate of $26 per hour. Manufacturing overhead (all fixed costs) is applied based on labor hours at a rate of $36 per hour. XYZ makes and sells 1,000 units per period. How many units must XYZ sell to breakeven
Answer:
818 units
Explanation:
Unit Contribution margin
= 300 - 160 - (2 × $26)
= $88
Fixed cost period
= (2 × $36) × 1,000 units
= $72,000
Break even = Fixed cost / Contribution margin
Break even = $72,000 / $88
Break even = 818 units
Therefore, XYZ company must sell 818 units to break even.
Bramble Corp. reported the following year-end information: Beginning work in process inventory $1080000 Beginning raw materials inventory 300000 Ending work in process inventory 900000 Ending raw materials inventory 480000 Raw materials purchased 960000 Direct labor 910000 Manufacturing overhead 730000 Bramble Corp.'s cost of goods manufactured for the year is
Answer:
$2,600,000
Explanation:
Cost of goods manufactured
Consider all the manufacturing costs in the calculation to determine the cost of goods manufactured.
Cost of goods manufactured = $1,080,000 + $780,000 + $910,000 + $730,000 - $900,000
= $2,600,000
Notes :
Raw Materials used in Production = $300,000 + $960,000 - $480,000
= $780,000
therefore,
Bramble Corp.'s cost of goods manufactured for the year is $2,600,000.
Select all that apply Which of the statements below summarize why a seller would give a sales allowance? (Check all that apply.) Multiple select question. In order to entice a customer to keep damaged or defective merchandise, the seller is willing to decrease the selling price. The buyer could not pay within the discount period. The buyer purchased a large amount of merchandise and was eligible for a reduced purchase price. The seller wants to keep a customer happy. The seller wants to avoid future lost sales. Sold merchandise was defective or unacceptable.
Answer:
I. In order to entice a customer to keep damaged or defective merchandise, the seller is willing to decrease the selling price.
II. The seller wants to avoid future lost sales.
III. The seller wants to keep a customer happy.
IV. Sold merchandise was defective or unacceptable.
Explanation:
Sales allowance can be defined as a reduction in the price of goods that a seller gives to a customer due to quality issues, incorrect pricing, shipping, etc.
The statements which best summarize why a seller would give a sales allowance are;
I. In order to entice a customer to keep damaged or defective merchandise, the seller is willing to decrease the selling price.
II. The seller wants to avoid future lost sales.
III. The seller wants to keep a customer happy.
IV. Sold merchandise was defective or unacceptable.
Solomon has a balance of $4,000 on his credit card account, which has a minimum payment requirement of 4 percent. What is the minimum payment on his account?
Answer:
$1,000
Explanation:
Answer:
160$
Explanation: