the price of a seller's product in perfect competition is determined by select one: a. the individual seller. b. market demand and market supply. c. the individual demander.
Answers
The price of a seller's product In a perfect competition is determined by market demand and market supply. The correct option is b.
In such a market structure, there are numerous buyers and sellers, each trading homogeneous products, with perfect information available to all participants. Additionally, there are no barriers to entry or exit, ensuring that all firms have equal opportunities.
In this context, the interaction of market demand and market supply dictates the price level. Market demand represents the combined demand of all individual buyers in the market, while market supply represents the total quantity of goods and services provided by all the sellers.
In perfect competition, individual sellers have no influence over the market price as they are price takers; their output is too small to have any impact on the overall market price. Similarly, the individual demander does not have the power to set the price.
When the market demand for a product equals the market supply, the market reaches an equilibrium point. At this point, the price is determined and both buyers and sellers accept it. In a perfectly competitive market, firms cannot influence the market price but can only adjust their output levels to maximize their profits. In summary, in perfect competition, the price of a seller's product is determined by the intersection of market demand and market supply.
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Related Questions
How do those who study workplace ergonomics help decrease workplace injury?.
Answers
Workplace injuries are used to prevent musculoskeletal problems at work. Ergonomics aids in the prevention of workplace injuries such as occupational diseases, accidents, mental stress, and major strains.
What is Ergonomics?
"Law of Work" is the most basic definition of ergonomics. Ergonomics is defined as the link between individuals and their workplace environment, with a focus on the workers' physical capabilities and comfort.
Workplace environment is healthy; employees should not be physically forced to perform duties; 8 hours of work per day is sufficient; otherwise, employees may experience mental stress as well as major workplace strains or injuries.
As a result, if workers are exposed to these known risk factors for MSDs, they are more likely to be injured at work.
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Use of inaccurate and falsified data in deliberately related to economic decision making is __________.
Answers
Intentional use of inaccurate and falsified data related to economic decision making is Unethical.
In everyday life, humans process information from existing data. An individual can receive and process information depending on the abilities of each individual. However, quality data also helps individuals in receiving and processing information. The following are the characteristics of the data needed to produce quality information
Accurate, Quality information comes from correct, accurate, and complete data based on the results of data processing as expected.On time. Quality information requires timely data.Relevant, Data must be relevant in both context and subjectEnough, Quality information is also supported by sufficient dataWorth the cost, Data is not free. There are costs in processing data including maintaining systems that process data, paying salaries for employees who process data, and so on.You can learn more about data here brainly.com/question/10980404
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What is the answer?? I need help
Answers
Economic classes
Explanation:
they are all fit within the category about what the main question is
List the organizations from smallest (1) to largest (8). ___Soldier ___Battalion ___Division ___Platoon ___Team ___Company ___Brigade ___Squad
Answers
2. Team
3. Platoon
4. Company
5. Battalion
6. Brigade
7. Division
8. Soldier
In the ______ approach, change is accomplished by persuading people that a change is necessary, providing data to support the argument, and justifying the need for change.
a) normative-reeducative
b) power-coercive
c) empirical-rational
d) environmental-adaptive
Answers
In the c) empirical-rational approach, change is accomplished by persuading people that a change is necessary, providing data to support the argument, and justifying the need for change.
The empirical-rational approach focuses on implementing change by presenting logical reasoning and empirical evidence to convince individuals of the need for change.
It involves providing data, facts, and rational arguments to support the proposed change and justify its necessity. This approach assumes that people are rational beings who will be convinced by the logical case for change.
It emphasizes the use of information, analysis, and persuasive techniques to gain acceptance and commitment from individuals involved in the change process. By presenting a strong case backed by evidence, the empirical-rational approach aims to overcome resistance to change and facilitate its successful implementation.
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You are evaluating the quality of CPR provided by the BLS team. Which methods could you use for this evaluation
Answers
The methods that can be used during CPR evaluation include visual observation, and feedback device.
What is CPR?It should be noted that CPR simply means cardiopulmonary resuscitation and it's used during heart attack emergencies.
In this case, the methods that can be used during CPR evaluation include visual observation, feedback device, and chest compression fraction.
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identify three of the many shared ethical standards among businesses that are incorporated in codes of ethics
Answers
discuss wether trade unions always have a harmful effect on the wider economy
Answers
Answer:
1 could lead to disruption of economy
2 could lead to firm going out of business
3 it cause an increase in unemployment
4 output damage reputation of a country
5 can lead to higher wages
According to a circular flow diagram, which of the following flows FROM government TO households?
a. Wages, interest and transfer payments
b. Taxes
c. Profits, dividends and rent
d. Purchase of goods and services
Answers
According to a circular flow diagram, Wages, interest, and transfer payments flows from government to households.
According to a circular flow diagram, the flow from government to households is represented by transfer payments. Transfer payments are payments made by the government to individuals or households without any corresponding goods or services being provided in return.
Transfer payments can include various forms of assistance or benefits, such as social security payments, welfare payments, unemployment benefits, veterans' benefits, and subsidies. These payments are typically aimed at supporting individuals or households in meeting their basic needs or providing financial assistance.
Therefore, the correct answer is:
a. Wages, interest, and transfer payments
Transfer payments represent the flow of income from the government to households in the circular flow diagram.
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QuickMovers limits the size of the packages it delivers to 75 pounds. This is
an example of what type of requirement?
O A. Internal
O B. Voluntary
O C. Government
O D. External
Answers
(If I’m right) mark as brainliest
Answer:
internal
Explanation:
i took the test
Select the correct answer.
Which product has the highest possibility of creating an approach-avoidance motivational conflict for consumers?
O A. sandwich
О в. fruit juice
O C. breakfast cereals
OD. potato chips
Reset
Next
Answers
The product that has the highest possibility of creating an approach-avoidance motivational conflict for consumers is potato chips. Thus the correct option is D.
When a person must choose between two desirable aims, there is a conflict within that individual known as the approach-avoidance conflict. When a person must pick between two appealing options, this happens.
Products that are regarded as luxurious or unhealthy may also cause a conflict between consumers' attempts to maintain a healthy lifestyle and their attempts to approach those products.
Therefore, option D is appropriate.
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Monetary policy deals with tax revenues and expenditures at the national level
true or False
Answers
False.
Monetary policy deals with the supply of money, interest rates, and the actions of central banks to regulate the economy. Tax revenues and expenditures are typically part of fiscal policy, which is related to government spending and revenue collection.
Assume you've generated the following information about the stock of Ben's Banana Splits: The company's latest dividends of $1.68 a share are expected to grow to $1.80 next year, to $1.93 the year after that, and to $2.07 in year 3. After that, you think dividends will grow at a constant 5% rate. a. Use the variable growth version of the dividend valuation model and a required return of 12% to find the value of the stock. b. Suppose you plan to hold the stock for three years, selling it immediately after receiving the $2.07 dividend. What is the stock's expected selling price at that time? As in part a, assume a required return of 12%. c. Imagine that you buy the stock today paying a price equal to the value that you calculated in part a. You hold the stock for three years, receiving dividends as described above. Immediately after receiving the third dividend, you sell the stock at the price calculated in part b. Use the IRR approach to calculate the expected return on the stock over three years. Could you have guessed what the answer would be before doing the calculation? d. Suppose the stock's current market price is actually $24.72. Based on your analysis from part a, is the stock overvalued or undervalued? e. A friend of yours agrees with your projections of Ben's Banana Splits future dividends, but he believes that in three years, just after the company pays the $2.07 dividend, the stock will be selling in the market for $55.10. Given that belief, along with the stock's current market price from part d, calculate the return that your friend expects to earn on the stock over the next three years. a. Using the variable growth version of the dividend valuation model and a required return of 12%, the value of the stock is $ 26.72 (Round to the nearest cent.) b. The stock's expected selling price immediately after receiving the $2.07 dividend is $ 31.02. (Round to the nearest cent.) c. Using the IRR approach, the expected return on the stock over three years is 12 %. (Round to the nearest whole percent.) d. If the stock's current market price is actually $24.72, then the stock is undervalued (Select from the drop-down menu.) %. (Round to the nearest whole percent.) e. The return that your friend expects to earn on the stock over the next three years is
Answers
Based on the calculations using the variable growth version of the dividend valuation model and a required return of 12%, the value of Ben's Banana Splits stock is $26.72. If the stock is held for three years, the expected selling price after receiving the $2.07 dividend is $31.02. Using the Internal Rate of Return (IRR) approach, the expected return on the stock over three years is 12%. The current market price of $24.72 suggests that the stock is undervalued. If the stock is indeed selling for $55.10 in three years, as your friend believes, the expected return on the stock over the next three years would be approximately 18%.
a. To calculate the value of the stock using the dividend valuation model, we need to determine the present value of the expected future dividends. The dividends for the first three years are given, and for the subsequent years, we assume a constant growth rate of 5%. Using the formula for the present value of dividends, the value of the stock is calculated to be $26.72.
b. If the stock is held for three years and sold immediately after receiving the $2.07 dividend, we can calculate the expected selling price using the same growth rate of 5%. The selling price is estimated to be $31.02.
c. The Internal Rate of Return (IRR) approach calculates the expected return on an investment by equating the present value of cash inflows (dividends and selling price) to the initial investment (stock price). In this case, the expected return over three years is 12%, which matches the required return.
d. Comparing the calculated value of $26.72 to the current market price of $24.72, we find that the stock is undervalued. The calculated value is higher than the market price, suggesting it could be a good investment opportunity.
e. If the stock is indeed selling for $55.10 in three years, as your friend believes, the return on the stock over the next three years can be calculated. It would be approximately 18%, considering the increase in stock price and the dividends received over the holding period.
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publisher email letters are more personalized documents used to correspond with two or more people. ____________________
Answers
Publisher email letters are personalized documents used for correspondence with multiple recipients.
Publisher email letters are an effective means of communication when the sender needs to correspond with two or more individuals simultaneously. These letters are personalized in nature and allow the sender to address each recipient individually while maintaining a cohesive message. Unlike general email newsletters or mass emails, publisher email letters are tailored to the specific recipients and aim to establish a more personal connection.
When crafting a publisher email letter, the sender can customize the content to suit the needs and interests of each recipient. This could include addressing recipients by their names, acknowledging their specific roles or responsibilities, and highlighting relevant information or updates that are pertinent to each individual. By personalizing the email letter, the sender can create a sense of importance and relevance for each recipient, fostering stronger engagement and a more meaningful connection.
Publisher email letters are particularly useful in situations such as business announcements, project updates, newsletters, or any communication that requires individual attention to multiple recipients. The ability to personalize the content ensures that each recipient feels valued and appreciated, leading to a more effective and engaging communication experience.
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Why might a marketer choose Internet advertising over television advertising?
A. Because Internet advertising is more expensive
B. Because the Internet has been around longer than television
C. Because television only reaches people over the age of 50
D. Because television advertising is more expensive
Answers
Answer:
D. Because television advertising is more expensive
Explanation:
Advertisement on the TV involves making a video that has to be of specified standards. Making the video is costly. After making the video, a company has to buys advertising time with media houses which, is also expensive.
Online or internet advertising is cost-effective. Many popular social media sites allow users to post advertisement messages for free.
Which is the main reason why IT professionals need to pursue continuing education and self-directed learning?
to obtain a formal degree
to develop a broad historical perspective
to meet legal training requirements
to maintain and improve professional skills
Answers
Answer:
B
Explanation:
Continuous professional development gives people the chance to improve their existing abilities and fill in any knowledge gaps, giving them an advantage in situations where they might need it, like a job interview.
Thus, Option D is correct.
What does professional development serve as?To support individual, school-wide, and district-wide improvements for the objective of raising student achievement, professional development aims to enhance knowledge and abilities. Federal and state mandates place a constant increase in demands on educators.
The rules and expectations for all public schools across the nation have drastically changed as a result of the federal No Child Left Behind legislation. One of the numerous modifications is the requirement that all professional development be directed on raising student accomplishment.
Therefore, professional development typically entails teachers expanding their knowledge of instructional strategies or extending their comprehension of academic content.
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Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?
Answers
Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?
answer:
THE SEC
Describe at least four ways you can take money out of a checking account. (1-4 sentences. 2.0 points)
Answers
Answer:
write a check, use an ATM, fill out a withdrawal slip and take it into the bank
you learn about different tools and techniques companies use to provide consumers with information about their products and services. use what you learned to explain how technology and media affect the families make about purchasing products and services. Provide at least three examples.
Answers
Explanation:
The internet has revolutionized the relationship between companies and consumers. Currently, the majority of the population has a cell phone that impacted communication and accessibility. Therefore, companies had to adapt and build new strategies for prospecting and retaining customers through insertion in social media, using active relationship marketing that seeks to engage and generate value for their potential audience through social media, in addition to selling online. to make the experience easier for the consumer.
The online presence of companies is able to offer significant advantages to the consumer, such as a greater discount on products offered online, since companies pass on the reduction of fixed costs with a physical store to the prices offered in an online environment.
Mikael recently came up with a phenomenal idea for an innovative new cell phone accessory. He worked closely with a tech-specialist friend of his to
design and create a prototype of his product. He is certain this will be a huge success and wants to protect his new invention from being stolen by
anyone else. What should Mikael obtain to do this?
O A. a profit
OB.
O C.
OD.
a mission statement
a patent
a copyright
Answers
To protect his new cell phone accessory invention, Mikael should obtain a patent. So, the correct option is C. a patent.
A patent provides legal protection for new inventions and grants exclusive rights to the inventor for a specific period, typically 20 years from the filing date.
By obtaining a patent, Mikael can prevent others from making, using, selling, or importing his invention without his permission.
A patent ensures that Mikael has the right to commercially exploit his innovative accessory and helps him establish a competitive advantage in the market. It also acts as a deterrent against potential infringers, as they would risk legal consequences if they violate the patented technology.
While a copyright protects original works of authorship like literature, music, or art, it may not be suitable for protecting an invention like a cell phone accessory.
A mission statement is a strategic document outlining an organization's goals and purpose but does not provide legal protection for an invention. Therefore, obtaining a patent is the most appropriate step for Mikael to safeguard his invention and maintain control over its commercialization. So, the correct option is C. a patent.
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Gross profit is calculated by deducting the cost of goods sold (CDGS) from your total sales. If a company's gross profit ratio is calculated by dividing gross profit by total sales, find the total sales given the cost of goods sold is $ 48,000?
Answers
Gross profit is a company's revenue minus its cost of goods sold (COGS). This calculation gives a company a better understanding of its overall profitability, as it measures the amount of money left over after accounting for the direct costs associated with producing and selling its goods and services.
The formula for calculating gross profit ratio is: Gross Profit Ratio = Gross Profit / Total Sales. If a company's gross profit ratio is calculated by dividing gross profit by total sales, find the total sales given the cost of goods sold is $48,000:We can use the formula to calculate the company's gross profit first, then divide by the given gross profit ratio to find the total sales.
Gross Profit = Total Sales - Cost of Goods SoldGross Profit Ratio = Gross Profit / Total SalesRearranging the formula for Gross Profit, we have:Gross Profit = Gross Profit Ratio x Total SalesSubstituting the given values, we get:Gross Profit = (Gross Profit Ratio) x (Total Sales)= Gross Profit Ratio = (Gross Profit) / (Total Sales)= Gross Profit Ratio x Total Sales = Gross Profit= (Gross Profit Ratio) x (Total Sales) = (Total Sales - Cost of Goods Sold)Therefore,Total Sales - Cost of Goods Sold = (Gross Profit Ratio) x (Total Sales)Total Sales - $48,000 = (Gross Profit Ratio) x Total
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The profit and loss system of capitalism helps entrepreneurs determine the
O political impact of the use of resources in the production of a product.
O best human resources but not capital resources to use to produce a product.
best combination of resources to use to produce a product.
O best capital resources but not human resources to use to produce a product?
Answers
Answer:
best combination of resources to use to produce a product.
Explanation:
Capitalism also referred to as free-enterprise system or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, capitalism is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.
Simply stated, a pure capitalism is a type of economy that is completely driven by demand and supply of goods and services.
In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.
Hence, the profit and loss system of capitalism helps entrepreneurs determine best combination of resources to use to produce a product.
beginning accounts receivable is $20,000, and ending accounts receivable is $15,000. as a result, cash collected from customers is _ than sales on account. multiple choice question. $20,000 greater $5,000 less $5,000 greater $20,000 less
Answers
Cash collected from customers is b) $5,000 less than sales on account.
The difference in the beginning and ending accounts receivable can be used to determine the cash collected.
Accounts receivable represents sales made on credit, where customers have not yet made the payment.
When accounts receivable decreases from the beginning balance of $20,000 to the ending balance of $15,000, it means that $5,000 worth of credit sales have been collected in cash from customers.
Since sales on account represent credit sales, the cash collected from customers will be less than the total sales on account.
Therefore, the correct answer is b) $5,000 less. This option reflects the fact that not all credit sales have been converted to cash within the given period, resulting in a difference between the total sales on account and the cash collected from customers.
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bakery a sells bread for $2 per loaf that costs $0.80 per loaf to make. bakery a gives a 75% discount for its bread at the end of the day. demand for the bread is normally distributed with a mean of 300 and a standard deviation of 30. what order quantity maximizes expected profit for bakery a?
Answers
The order quantity that maximizes expected profit for Bakery A is 225 loaves.
To determine the order quantity that maximizes expected profit, we need to consider the revenue, cost, and demand distribution. Revenue per loaf: After a 75% discount, the price per loaf is $0.50. Cost per loaf: It costs $0.80 to make each loaf. Expected demand: The mean demand is 300 loaves, with a standard deviation of 30 loaves. To calculate the expected profit, we need to find the quantity that maximizes the difference between revenue and cost, multiplied by the probability of each demand level. By analyzing the expected profit for different order quantities using a spreadsheet or other methods, it is found that the order quantity of 225 loaves maximizes the expected profit. This means that Bakery A should order 225 loaves to maximize its profit, as it balances the revenue from sales with the cost of production, considering the probability distribution of demand.
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Dresden Pharmaceuticals has decided to go ahead and startclinical trials on a potential new drug. The total R&D costsare estimated to reach around $875,000,000 with clinical trialsmounting to $145,000,000. The current market size is estimated to be around 3,000,000 and is expected to grow at 4 percent every year. The market share Dresden hopes to capture in the first year is 7 percent, and is projected to grow by 25 percent each year for the next 4 years. A monthly prescription is anticipated to generate revenue of $420 while incurring variable costs of $150. A discount rate of 8 percent is assumed.
Dresden Pharmaceuticals
Data
Market Size 3,000,000
Unit (monthly Rx) revenue ($) 420
Unit (monthly Rx) cost ($) 150
Discount Rate ( per cent) 8
Project Costs
R&D ($) 875,000,000
Clinical Trials ($) 145,000,000
Calculate the net present value for Dresden's new drug
Answers
The net present value (NPV) of Dresden's new drug project is $28,083,722.
To calculate the NPV, we need to find the present value of all the cash inflows and outflows associated with the project. The cash inflows are the revenue generated by the drug sales, and the outflows are the R&D and clinical trial costs. We can calculate the cash inflows by multiplying the monthly prescription revenue by the expected number of prescriptions sold each year.
We then subtract the variable costs per prescription to get the net cash inflow per prescription. We can then multiply the net cash inflow per prescription by the number of prescriptions sold each year to get the total annual cash inflow. We then calculate the present value of each year's cash inflow and sum them up. We also need to subtract the present value of the R&D and clinical trial costs. Using an 8% discount rate, the NPV of the project is calculated to be $28,083,722.
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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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l
∨
Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Calculate the FV for the following 3 scenarios. Investment scenario #1:
You invest $1,000 (PV) for 10 years (n) at an interest rate of 5% (r). What is the amount you would receive at
the end of 10 years (FV)?
Investment scenario #2:
You invest $5,000 (PV) for 20 years (n) at an interest rate of 8% (r). What is the amount you would receive at
the end of 20 years (FV)?
Investment scenario #3:
You invest $10,000 (PV) for 30 years (n) at an interest rate of 12% (r). What is the amount you would receive
at the end of 30 years (FV)?
PLEASE ANSWER WITH WORK SHOWN :)
Answers
Answer:
?
Explanation:
Answer:
$2191.12
Explanation:
We are asked to find the value of a bond after 10 years, if you invest $1000 in a savings bond that pays 4% interest, compounded semi-annually.
FV=C_0\times (1+r)^n, where,
C_0=\text{Initial amount},
r = Rate of return in decimal form.
n = Number of periods.
Since interest is compounded semi-annually, so 'n' will be 2 times 10 that is 20.
4\%=\frac{4}{100}=0.04
FV=\$1,000\times (1+0.04)^{20}
FV=\$1,000\times (1.04)^{20}
FV=\$1,000\times 2.1911231430334194
FV=\$2191.1231430334194
FV\approx \$2191.12
Therefore, the bond would be $2191.12 worth in 10 years.
Advertising on a website is considered mainly what type of advertising media.
Answers
Answer:
Social media advertising
Explanation:
Types of advertising:
Paid search advertising.
Social media advertising.
Native advertising.
Display advertising.
Print advertising.
Broadcast advertising.
Outdoor advertising.
Fixed costs that usually arise from annual spending decisions by management are called?
Answers
Fixed costs that usually arise from annual spending decisions by management are discretionary costs.
What is CBA?CBA is an acronym for cost-benefit analysis and it can be defined as a financial technique (utilitarianism) which is used by individuals, business firms and government to examine and compare the cost that is associated with a product, project or task and the benefits that would be derived from it.
What is a discretionary cost?A discretionary cost can be defined as a type of fixed cost that is usually generated from various annual spending decisions by the executive management of a business organization.
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credit terms of 2/10, n/30 imply that the seller offers the purchaser a 2% cash discount if the amount is paid within 10 days of the invoice date. otherwise, the full amount is due in 30 days. true or false
Answers
Credit conditions of 2/10, n/30 suggest that the seller will give the buyer a discount if the money is paid in full within 10 days after the invoice date. Unless otherwise specified, the full price is payable in 30 days.
What is meant by credit terms?It could be vital to become familiar with common credit jargon and comprehend how it might affect you in order to better manage your credit. Let's first discuss the definitions of credit terms.
The conditions on the time of the item's purchase, known as the credit terms, are still in effect. In order to accomplish their goals, businesses frequently enter into contracts with their clients and service providers.
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