The curve that shows the relationship between the sales price and quantity sold is called the: demand curve.
The call for a demand curve is a graphical representation of the relationship between the price of an excellent or carrier and the quantity demanded for a given time frame. In a standard representation, the rate will seem on the left vertical axis, the amount demanded on the horizontal axis.
A demand curve is a graph that shows the amount demanded at every rate. every now and then the demand curve is likewise referred to as a demanding agenda because it is a graphical illustration of the call for schedules.
The demand curve can be a critical device to apply while corporations make pricing decisions. this is because the call for a curve can show the price point where the purchaser responsiveness drops, as well as the fee point that elicits the very best demand.
Learn more about the demand curve here:
https://brainly.com/question/16790743
#SPJ4
everything a consumer must surrender to obtain the benefits of possessing or using a product is known as
Everything a customer gives up to profit from owning or utilizing a product is referred to as Consumer cost
The term "customer cost" includes not just the product's price but also the expenditures associated with the product's acquisition, use, and aftercare. Purchase expenses include the cost of looking for a product, getting information about it, and paying for that information.
The most expensive use costs typically apply to durable items with significant resource demands, such as those for electricity and water, or with high maintenance costs. Post-use costs include anything from product collection to product storage to product disposal after it has been used up.
To know more about consumer cost
https://brainly.com/question/26912109
#SPJ4
Tj+industries+has+revenue+of+$400,000+and+expenses+of+$250,000.+the+depreciation+cost+is+$80,000+and+marginal+tax+rate+is+35%.+calculate+depreciation+tax+shield
The Depreciation tax shield is $28,000
Depreciation is an annual earnings tax deduction that permits you to get better the fee or different foundation of sure property over the time you use the belongings. it is an allowance for the wear and tear, deterioration, or obsolescence of the property.
An employer's depreciation fee reduces the number of profits on which taxes are based totally, as a result reducing the quantity of taxes owed. the larger the depreciation expense, the decrease the taxable profits, and the decrease a corporation's tax invoice.
TJ Industries revenue = $400,000.
Expenses = $250,000
Depreciation expenses = $80,000
Marginal tax rate = 35%
Depreciation tax shield = Depreciation expenses * Marginal tax rate
Depreciation tax shield = $80,000 * 35%
= $28,000
The answer$28,000
Learn more about depreciation tax here:-https://brainly.com/question/25791968
#SPJ4
Through which stakeholder networks can the public demand a certain level of performance from a firm?.
Through which stakeholder networks can the public demand a certain level of performance from a firm?
Both consumer advocacy groups and government agencies.
What is stakeholder networks?
Stakeholders are linked together to form a stakeholder network. Understanding this interdependency and trying to perceive each stakeholder group not in a silo but as a connected network of influence with a similar goal are necessary for managing a stakeholder network. Networks also alert you to prospective contracts or job possibilities. When funders or local authorities consider cutting you off from money or using your services, networks can assist your cause. Through networks, you may attract talent and abilities that might be hard to find on your own.
Therefore,
Through which stakeholder networks can the public demand a certain level of performance from a firm?
Both consumer advocacy groups and government agencies.
To learn more about stakeholder networks from the given link:
https://brainly.com/question/15532995
#SPJ4
You buy 300 shares of Qualitycorp for $30 per share with an initial margin of 50%. The next day, Qualitycorp's price drops to $27 per share. Your actual margin is ____% at this price. (Please retain 1 decimal place and note that 0.251 should be expressed as 25.1%).
Your actual margin is 55.6% at this price
What is initial margin?
The initial margin is the percentage of the total stock investment borrowed, in this case, the investor invested 50% cash and borrowed the remaining 50% on margin, in essence, the share price of $30 was paid by $15 in cash and $15 borrowed funds.
The percentage of margin when the share price dropped to $27 can be determined as the initial margin of $15 per share divided by the new share price
actual margin=$15/$27
actual margin=55.6%
Find out more about margin on:brainly.com/question/15444831
#SPJ1
abbott landscaping purchased a tractor at a cost of $42,000 and sold it three years later for $21,600. abbott recorded depreciation using the straight-line method, a five-year service life, and a $3,000 residual value. tractors are included in the equipment account. exercise 7-17a part 1 required: 1. record the sale.
Abbott Landscaping purchased a tractor at a cost of $ 42,000 and sold it three years later for $ 21,600. Abbott recorded depreciation using the straight- line method, a five- year service life, and a $ 3,000 residual value. Tractors are included in the Equipment account.
DepreciationLarge lump sum purchases are made for tangible things like real estate, machinery, vehicles, and so forth. These assets lose value over time after being purchased due to utilization (i.e., use of the item) and obsolescence. The estimate of the amount by which this value has decreased over a specific fiscal term is represented by depreciation.
Due to the fact that an asset's value is derived over a longer period of time—known as its estimated useful life—accounting standards do not let us to expense the entirety of the asset's worth in the year they are purchased.
To know more about Depreciation, visit : https://brainly.com/question/25785586
#SPJ4
ake the factors considered by earned value analysis and subtract those considered by project s-curves. the factor(s) you have remaining are:
Take the factors considered by earned value analysis and subtract those considered by project s-curves. the factor(s) you have remaining are Performance.
What is Earned Value Analysis?
Earned value analysis is a common technique for monitoring a project's performance at any stage in order to assess changes to the project's plan and modify the budget as necessary. EVA is also used by project managers to forecast the final cost of a project. Earned value management includes EVA as a crucial component (EVM). Earned value is one of several criteria that EVM takes into account when monitoring a project's development.
Earned value analysis is crucial because it demonstrates to project managers the extent to which their initial budget projections can sustain a project from inception to completion. EVA ensures project managers effectively manage the financial component of a project by preventing overpaying or underestimating the cost of a project.
To know more about Earned value analysis refer:
https://brainly.com/question/16978671
#SPJ4
the rate of trade-off between producing chairs and producing couches depends on how many chairs and couches are being produced in
The rate of tradeoff between the two items being produced is constant; however, the amount of each good being produced affects the rate of tradeoff. As a result, every point on the PPC shows that resources are being used effectively and completely to provide commodities and services for the economy.
The tendency for people to pick various jobs that are more in accordance with their interests, abilities, chances, and education is the most visible economic impact of specialization. In light of this, when a nation uses the PPC, its potential output is realized in terms of actual output.
To learn more on rate of trade off
https://brainly.com/question/13314579
#SPJ4
in the integrative negotiation process, when creating and claiming value, the goal is to push the potential negotiation solutions to the pareto efficient frontier. which of the following describes the pareto efficient frontier?
The negotiator must prioritise the topics in three steps after gathering the issues on an agenda.
Integrative bargaining, also known as "interest-based negotiating" or "win-win bargaining," is a negotiation technique in which the parties work together to resolve their differences in a way that benefits both of them.
This tactic focuses on creating agreements that are advantageous to both parties and are based on their respective interests. Creating rapport, exchanging information, concluding deals, and preparing. It's critical to understand who will make the decisions on the opposing side of any negotiation.
Other negotiating objectives, especially those that are more challenging or call for a significant shift in the other party's attitude, can necessitate the creation of a long-term strategy for goal achievement.
To learn more on integrative negotiation process
https://brainly.com/question/13851909
#SPJ4
Stark company's most recent balance sheet reported total assets of $2,040,000, total liabilities of $730,000, and total equity of $1,310,000. its debt-to-equity ratio is:_____.
Stark company's maximum latest balance sheet stated general assets of $2,040,000, total liabilities of $730,000, and general fairness of Z$1,310,000. The formula for calculating the debt-to-equity ratio is to take a company's total liabilities and divide them by its total shareholders' equity. Debt-equity ratio=Total liabilities total equity=$730,000/$1,310,000=1.42 .
Liabilities are any money owed to your employer, whether it's bank loans, mortgages, unpaid payments, IOUs, or every other sum of money that you owe someone else. in case you've promised to pay someone an amount of money in the future and haven't paid them but, that's a liability.
property are the items your business enterprise owns that can provide future economic benefit. Liabilities are what you owe different events. In short, assets put money in your pocket, and liabilities take cash out!
There are 3 number one classifications for liabilities. they may be present-day liabilities, lengthy-term liabilities, and contingent liabilities. cutting-edge and long-term liabilities are going to be the maximum common ones that you see in your business.
Learn more about liabilities here:
https://brainly.com/question/14921529
#SPJ4
4 3 tries left receiving and storing inventory is an activity in which transaction cycle?
a. financing
b. revenue
c. expenditure
d. production
Receiving and storing inventory is an activity in the Expenditure transaction cycle
This is further explained below.
What is the Expenditure transaction cycle?Generally, The sequence of tasks involved in the procurement of products and services as well as their payment may be referred to as the spending cycle.
These activities consist of determining what needs to be acquired, engaging in buying activities, awaiting the delivery of items, and making payments to the relevant vendors.
In conclusion, The cycle of transactions involving expenditures includes activities such as receiving and storing merchandise.
Read more about Expenditure transaction cycle
https://brainly.com/question/15706018
#SPJ1
complete quetion
Receiving and storing inventory is an activity in which transaction cycle?
A. Financing
B. Production
C. Revenue
D. Expenditure
Interest in sustainability initiatives has increased in recent years. true /false
Interest in sustainability initiatives has increased in recent years.
The statement is true.
Sustainability method assembly our own needs without compromising the ability of future generations to meet their own needs. in addition to natural resources, we also need social and economic sources. Sustainability isn't always simply an environmental- ism.
The foundations of environmental sustainability are: safeguarding water, saving power, decreasing waste, the use of recyclable packaging, limiting or doing away with using plastics, the use of sustainable shipping, reusing paper and protective vegetation and fauna.
A profession in sustainability can provide an incredible deal of emotional, mental, and economic satisfaction. It's miles enormously worthwhile to be part of social and environmental progress and to witness how your task is having a right away advantageous effect on the manner the world works.
Learn more about Interest in sustainability here: https://brainly.com/question/14154063
#SPJ4
What term is a measure of the speed in which cash is spent by entrepreneurial firms, which often have negative income and a high growth rate?.
A term which measures the speed in which cash is spent by entrepreneurial firms, which often have negative income and a high growth rate is the: velocity of money.
What is money?Money can be defined as any formally recognized economic unit that's universally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
What is the velocity of money?The velocity of money can be defined as a measure of the number of times (rate, speed, or frequency) that the average unit of currency is used by an individual or entrepreneurial firms to purchase goods and services within a particular period of time.
Mathematically, the velocity of money can be calculated by using this formula:
VoT = PT/M
Where:
VoT represents the velocity of money.P represents the price level.T represents the aggregate real value of transactions within a particular period of time.M represents the total nominal amount of money.In conclusion, we can reasonably infer and logically deduce that terminology which measures the speed in which cash is spent by entrepreneurial firms, which often have negative income and a high growth rate is referred to as the velocity of money.
Read more on the velocity of money here: https://brainly.com/question/28524880
#SPJ1
vezio corp. decides to sell shares worth $15 million directly to a small group of us institutional investors.
Based on the fact that Vezio Corp. sold shares worth $15 million directly to a small group of U.S. institutional investors means that this is a Private market.
What happens in the private equity market?In the private market, stock is bought and sold on companies that have not been listed on any stock exchange. In such cases, the company would directly sell its stock to certain investors who are often large institutional investors.
This is what Vezio Corp. is doing by selling its shares directly to a small group of Institutional Investors. This advantage of this market is that the company is kept private and therefore spared the regulatory requirements that are imposed on public companies.
Rest of the question is:
What kind of market is this?
Find out more on private markets at https://brainly.com/question/15176802
#SPJ1
during the 1950s, automobile manufacturers had little control over labor costs because the united auto workers union (uaw) exercised considerable control over labor
The right answer is A.
The 1950s saw a great deal of advancement in security and planning, as well as the introduction of many highly regarded, outstanding cars.
How many auto manufacturers are there?For the more than 17 million vehicles and trucks sold in the US alone each year, more than 30 automobile companies compete. Even more companies are selling anything from little economy cars to million-dollar exotics for the global plutocracy all over the planet.
However, the market is very concentrated; a small number of significant businesses own almost all of the top automobile brands globally.
Not all automakers and brands are represented in this chart. Instead, it serves as a graphic illustration of the degree of market dominance and influence possessed by a small number of extremely powerful businesses.
To learn more about the automobile manufacturer, visit
https://brainly.com/question/26310442
#SPJ4
A customer has yet to pay the bill for products purchased from firm a on credit. this customer's trade credit is recorded in which of firm a's balance sheet accounts?
The fact that the customer has not paid the bill on products purchased on credit means that the customer's trade credit is recorded in Accounts receivable.
What goes into accounts receivable?When a company allows a customer to take goods without paying them, this is considered buying goods on credit.
The company will consider this an asset because the customer owes them money. The relevant asset account will be the accounts receivable account and this takes all customer sales that were done on credit.
Find out more on accounts receivable at https://brainly.com/question/24848903
#SPJ1
if total assets decreased by $52,804 during a period of time and stockholders' equity increased by $30,176 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is
$82980 Decrease is the amount and direction of the change in total liabilities and stockholders' equity during the time.
The net result is (52804+30,176) = 82980 when assets decline and stockholder equity rises. Decrease
Stockholder equity, often known as shareholders' equity or owners' equity, is the amount of assets left over for shareholders to use after all liabilities have been settled. It is determined by subtracting a company's total assets from its total liabilities, or alternatively by adding its share capital and retained earnings and deducting its treasury shares. Among the possible components of shareholders' equity are common stock, paid-in capital, retained earnings, and treasury stock.
Stockholders' equity can conceptually be used to assess the amount of money a company has kept on hand. If this number is negative, a business may be on the verge of bankruptcy, especially if there is also a substantial debt obligation.
Learn more stockholder equity here
https://brainly.com/question/13278063
#SPJ4
given the following list of accounts, identify which are classified as assets. select all that apply.
Given the following list of accounts. Accounts payable, Building, Notes Payable, Taxes Payable, Supplies, Wages payable, Land, Accounts Receivable, Cash. The items that are classified as assets are: Accounts Receivable, Cash, Land, Supplies, Building.
What are assets and liabilities?Assets can be defined as something that add value to a company or an organization or something a company can derived benefit from when using it.
Liabilities can be defined as money a company is owing or financial obligation a company is expected to make.
Assets includes the following:
Accounts ReceivableCashLandSuppliesBuildingLiabilities includes the following:
Accounts payableNotes PayableTaxes PayableWages payableTherefore given the following list of accounts. Accounts payable, Building, Notes Payable, Taxes Payable, Supplies, Wages payable, Land, Accounts Receivable, Cash. The items that are classified as assets are: Accounts Receivable, Cash, Land, Supplies, Building.
Learn more about assets and liabilities here:
https://brainly.com/question/24534918
https://brainly.com/question/19440080
#SPJ1
The complete question is:
Given the following list of accounts, identify which are classified a assets. select all that apply.
Accounts payable
Building
Notes Payable
Taxes Payable
Supplies
Wages payable
Land
Accounts Receivable
Cash
The pro forma balance sheet is prepared to ensure that the company's projected performance is in line with its __________.
Pro forma balance sheets are used to forecast the future asset management practices for the company.
The fundamental financial projections for a business are a pro forma balance sheet, pro forma income statement, and pro forma cash flow. As a result, they ought to be included in every business plan.
A balance sheet is a financial statement that lists the assets and liabilities of a company at a particular point in time. It is one of the three primary financial statements—the other two being the income statement and cash flow statement—that are used to assess a company's performance.
An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, which is a financial statement. One of the three primary financial statements used to assess a company is the balance sheet. It offers a snapshot of the assets and liabilities of a company as of the publication date.
Learn more about balance sheet here
https://brainly.com/question/25225110
#SPJ4
how might the r2d2 drones influence employee behavior? do you think they will cause people to act more or less ethically? why? many organizations already use electronic monitoring of employees, including sifting through website usage and e-mail correspondence, often without the employee's direct knowledge. in what ways might drone monitoring be better or worse for employees than covert electronic monitoring of web or e-mail activity?
The conduct of the company and its employees may be impacted by the R2D2 drones in both favorable and unfavorable ways. It's possible that some employees' reaction toward the drones reflects their understanding of how it may improve and expedite their work.
Employees could, on the other hand, rely more on the drone to do their tasks than they might really meet with one another and connect with one another in person. I believe that this will encourage unethical behavior. With the help of the new technology, some individuals will undoubtedly be able to carry on with their work quite well and act morally. It will be extremely difficult for some people to choose the right course of action when presented with the choice to employ these drones for immoral purposes.
Some people would think that using drones would be more invasive and unethical than covertly monitoring Internet and email activity, which is a poor practice. By adopting this viewpoint, you're probably also going to mention how drones' "someone's always watching you" aspect may lower employee morale by creating a tense environment at work. Others would counter that employing drones is more transparent than covert electronic screening, and that even if drones are employed to screen personnel, the latter at least are aware of the practice. By adopting the viewpoint that drones may assist in identifying issues that had been missed, issues that, when fixed, might result in a better and more effective workplace.
Learn more about Drone, here
https://brainly.com/question/17678240
#SPJ4
During+december,+rainey+equipment+made+a+$708,000+credit+sale.+the+state+sales+tax+rate+is+6%+and+the+local+sales+tax+rate+is+1.5%.+prepare+the+appropriate+journal+entry.
Sales tax is an additional amount of money you pay based on a percentage of the selling price of goods and services that are purchased. For example, if you purchase a new television for $400 and live in an area where the sales tax is 7%, you would pay $28 in sales tax
Journal entry as below:
Account title. Debit. Credit
Accounts receivable 758,950
Sales revenue 706,000
Sales tax payable. 52,950
(Being sales recognized along with sales tax of 7.5% (6%+1.5%) on the sales amount)
Disclaimer:- The correct format of the question is given below.
Q. During december, rainy equipment made a+$708,000 credit sale. the state sales tax rate is 6% and the local sales tax rate is 1.5%. prepare the appropriate+journal+entry.
During december, rainy equipment made+a+$708,000 credit sale. the state sales tax rate is 6% and the local sales tax rate is 1.5%. prepare the appropriate journal entry.
Learn more about Sales tax here
https://brainly.com/question/9437038
#SPJ4
A profit formula for dining plates from the previous year was modeled by the function p(d) = â€"15d2 1,200d â€" 2,000. the manufacturer noticed an increase in the number of units sold by 50% the next year, which can be modeled by the function l(d) = 1.5d. which composite function can be used to find the new profit formula after the increase in the number of units? p(d) = â€"7.5d2 600d â€" 2,000 p(d) = â€"3.75d2 600d â€" 2,000 p(d) = â€"22.5d2 1,800d â€" 2,000 p(d) = â€"33.75d2 1,800d â€" 2,000
If a profit formula for dining plates from the previous year was modeled by the function p(d)=-15d²+1,200d-2,000 and the manufacturer noticed an increase in the number of units sold by 50% the next year, which can be modeled by the function l(d) = 1.5d. The composite function that can be used to find the new profit formula is: -33.75d²+1,800d-2,000.
Composite functionGiven function:
P(d)=-15d²+1,200d-2,000
Function l(d) = 1.5d
Hence,
Now Let substitute 1.5d into (d) so as to find the composite function
P(1.5d)=-15(1.5d)²+1,200(1.5d)-2,000
=-33.75d²+1,800d-2,000
Therefore if a profit formula for dining plates from the previous year was modeled by the function p(d)=-15d²+1,200d-2,000 and the manufacturer noticed an increase in the number of units sold by 50% the next year, which can be modeled by the function l(d) = 1.5d. The composite function that can be used to find the new profit formula is: -33.75d²+1,800d-2,000.
Learn more about composite function here:
https://brainly.com/question/10687170
https://brainly.com/question/27891702
#SPJ1
which one of the following financial statements show the end of the year cash balance for a business entity?
Balance sheet and statement of cash flows shows the cash balance for a business entity at the end of the year.
What is balance sheet?A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietor, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity.
A cash flow statement, also referred to as a statement of cash flows, is a financial document that breaks down the analysis into operating, investing, and financing operations. It illustrates how changes in balance sheet accounts and income effect cash and cash equivalents.
Hence, the appropriate response is balance sheet and cash flow statement.
To learn more about balance sheet
https://brainly.com/question/19552006
#SPJ1
You are saving for retirement. To live comfortably, you decide you will need to save million by the time you are. Today is your birthday, and you decide, starting today and continuing on every birthday up to and including your birthday, that you will put the same amount into a savings account. If the interest rate is , how much must you set aside each year to make sure that you will have million in the account on your birthday?.
Answer:
To live comfortably, you decide you will need to save SI million by the time you are 65. Today is your 27th birthday, and you decide
Explanation:
During the manage communications process, project managers must continuously monitor relationships, communications, and lessons learned in order to manage stakeholder expectations. a. true b. false
The statement During the manage communications process, project managers must continuously monitor relationships, communications, and lessons learned in order to manage stakeholder expectations is: a. true.
Who is a stakeholder?A stakeholder can be defined as a workers or employees that involve in the day to day running or operation of a business.
This people tend to have the interest of the company they work at mind as they ensures the goals and objective of the company is achieved.
Therefore the statement During the manage communications process, project managers must continuously monitor relationships, communications, and lessons learned in order to manage stakeholder expectations is: a. true.
Learn more about stakeholder here:https://brainly.com/question/4404879
#SPJ1
a family spends $40,000 on living expenses. with an annual inflation rate of 3 percent, they can expect to spend approximately in one year. use exhibit 1-a. (round time value factors to 3 decimal places and final answer to the nearest dollar amount.) exhibit 1 a a. $41,200 b. $40,300 c. $43,720 d. $42,000 e. $46,000
Their yearly budget is roughly $42,400.
The family's current living costs are $40,000 overall.
Due to anticipated inflation, which is referred to as the general increase in prices, the family will spend 6% more over the course of a year.
They will therefore be spending;
= 40,000 * (1 + 6%)
= $42,400
Their yearly budget is roughly $42,400.
To learn more about Inflation, visit the following link:
https://brainly.com/question/1082634
#SPJ4
how can organizations meet the needs of their stakeholders and thus achieve sustainability? (select all that apply)multiple select question.by paying employees a fair wage and maintaining workplace safetyby offering low-quality products that reduce expenses and increase profitsby minimizing their damage to the environmentby delivering an adequate return to investors
Answer:
By delivering an adequate return to investors
By paying employees a fair wage and maintaining workplace safety
By minimizing their damage to the environment
Explanation:
The bond contract rate determines the annual interest paid by multiplying the bond ______ value by the contract rate. multiple choice question. premium par market
The bond contract rate determines the annual interest paid by multiplying the bond par value by the contract rate. The interest rate shown on the face of a note or bond is known as the contract rate, also known as the coupon rate, stated rate, or nominal rate.
In other words, this is the interest rate that will be charged during the note or bond's life on the principal balance. the sum that, in accordance with the contract, an insurance company will pay for a specific service code. This pertains to providers who are part of a particular payer's network.
To learn more about interest, click here.
https://brainly.com/question/13324776
#SPJ4
_____ refers to all the planned messages that companies and organizations create and disseminate to support their marketing objectives and strategies.
Marketing Communications refers to all the deliberate communications that businesses and organisations produce and spread in support of their marketing goals and tactics.
The term "marketing communications" describes the coordinated use of several marketing instruments and platforms. The focus of marketing communication channels is on how organisations convey a message to their target market or to the market as a whole. It is also in charge of the company's internal communications.
Marketing Communications TypesDigital advertising public affairs. Advertising.The internet.Customer referrals.Direct sellingPromotion of salesTo Learn more about marketing communications click the links.
https://brainly.com/question/13691052
https://brainly.com/question/27370485
#SPJ4
Which is best described as a record of performance data gathered when a system is performing well under normal conditions?
A baseline is best defined as a record of performance data acquired when a system is operating normally.
A baseline is a constant point of reference that is utilized for comparison. The performance of a project or product in business is frequently measured against a baseline number for costs, sales, or any number of other variables. A project may surpass or fail to reach a baseline figure.A baseline budget is one that was approved at a specific point in time. Used for things like regulating budget changes and anticipating future costs. To anticipate future budget deficits, a government can use the current year's annual budget as a baseline and apply inflation projections.A baseline is a hypothetical starting point or point of reference for something. A researcher might start with a baseline of current scores and grades to see how a class's performance improves over time.Thus this is the meaning of baseline.
To learn more about Baseline, refer: https://brainly.com/question/25836560
#SPJ4
For a $60 coat there is an additional 10harge when the coat is bought on credit. what is the total cost to a credit customer? make a selection: a. $66.60 b. $66.00 c. $54.00 d. $60.60
For a $60 coat there is an additional 10 % charge when the coat is bought on credit. The total cost to a credit customer is $66.00.
The capacity to access products or services or borrow money with the idea that you'll pay for them later is known as credit.
Credit is a two-party transaction in which one (the creditor or lender) provides money, products, services, or securities in exchange for the other's commitment to pay in the future (the debtor or borrower). Interest is typically paid to the lender in such transactions.
Calculation of credit customer is shown as:
Additional charge = 10% of $60.00
= $6.00
S0, total cost to a customer when he buys at credit = $60.00+$6.00
= $66.00
Credits (cr) record all of the funds leaving an account, whereas debits (dr) record all of the funds entering the account.
The correct option is b)$66.00 among the given options.
To learn more about credit here
brainly.com/question/1475993
#SPJ4