An internal cause of disruption in the supply chain is forecast error. So option a. is correct.
Forecast error is the difference between the forecast demand and the actual demand. A lot of calculations go into the forecast error, but the bottom line is that the greater the difference between actual demand and forecast demand, the greater the impact on a distributor's bottom line.
As forecast error goes up, the risks go up. Overstocking inventory in a distribution center or a customer's location significantly increases carrying costs.
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In questions 3-6, calculate the percentage change in the CPI and then indicate wether inflation or deflation has occurred. Round answers to the nearest tenth of a percent.
3. In 1974, the CPI was 46.6, and in 1975, the CPI was 52.1
Percentage change in CPI:
Inflation or deflation:
Percentage change in CPI : 11.8 %
Inflation or deflation : Inflation
What is the CPI ?A gauge of the general level of prices in an economy is the Consumer Price Index (CPI). A collection of frequently purchased commodities and services make up the CPI. The CPI tracks changes in a nation's currency's buying power as well as a basket of goods and services' prices.
One of the most widely used indicators of inflation and deflation is the CPI. In contrast to the producer price index (PPI), which tracks changes in the prices paid to American producers of goods and services, the CPI report employs a different survey methodology, price samples, and index weights.
The percentage change in this CPI is :
= ( Later CPI - Old CPI ) / Old CPI x 100 %
= ( 52.1 - 46.6 ) / 46.6 x 100%
= 0. 118 x 100%
= 11.8 %
This shows that there was an inflation because the percentage change was positive.
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each time a payment is made on an installment note, the portion of the next payment associated with notes payable increases. this statement is
The fraction of the subsequent payment related to notes payable rises each time an installment note payment is made. This statement is false.
Liabilities are where notes payable are listed on a balance sheet. Additionally, when the sums are due within a year, they are categorized as current obligations. A note is categorized as a long-term liability when its maturity date is more than one year away.
When a bill is past late, the number of accounts payable increases; when it is paid, the number of accounts payable decreases. You may improve the health of your cash flow by extending the time period for paying your invoices.
The notes payable account on the balance sheet grows whenever a company takes on a new loan or note. The fact that it got money from the loan, improves its cash flow. In the financing operations part of the cash flow statement, a company records this sum as a cash inflow.
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6. what role does the private sector play in emergency planning? a. the private sector has no appropriate role in the planning process. b. the private sector's best role is to provide the business perspective during final review of the plan. c. the private sector should be involved as a stakeholder in the planning process. d. the private sector's only emergency management role is provision of resources during an emergency.
In many countries, the private sector accounts for a sizable portion of wealth and job creation, making it.The correct option is B the private sector's best role is to provide the business perspective during final review of the plan.
A fantastic social tool that may be used to reduce need and boost population prosperity.But maintaining a privately held company offers advantages of its own.The private sector's exposure to capital without equity is enormous.It has a considerable stake in the success of its networks, as seen by its contribution to monetary and social advancement, consideration for the environment, and productive and adequate asset management. The private space, however, is powerless to act alone.the private sector's only emergency management role is provision of resources during an emergency.
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Select the incorrect statement regarding the contribution margin income statement. A) The contribution margin approach for the income statement is unacceptable for external reporting. B) The contribution margin approach requires that all costs be classified as fixed or variable. C) Contribution margin represents the amount available to cover product costs and thereafter to provide profit. D) Assuming no change in fixed costs, a $1 increase in contribution margin will result in a $1 increase in profit.
The contribution margin represents the amount available to cover production costs and thereafter to provide profit is the incorrect statement regarding the contribution margin income statement. Thus, option D is correct.
What is a margin income?The amount of net earnings earned as a portion of revenue is expressed as the profitability ratio, or merely net interest margin. It is the proportion of a company's or business section's net profit to everything is revenues.. Although it may also be given in decimal number, margin of net profit is frequently expressed in a percentage.
The inaccurate response regarding the projected cash flow statement is that the contribution margin indicates the sum available for covering manufacturing cost and then to create profit.
Therefore, option D is the correct option.
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When solving decision trees, what phrase represents the act of dropping an alternative from consideration because it is less favorable than another available option? A) cut the leaf B) open the hatch C) shake the tree D) punt the ball E) prune the branch
The expression "prune the branch" refers to the process of eliminating an alternative from consideration while solving decision trees because it is less advantageous than another option that is accessible. Here option E is the correct answer.
A decision tree uses a tree representation of the data to solve the machine learning issue. Each leaf node of the tree representation represents a class label, whereas each internal node stands for an attribute. Both regression and classification issues may be resolved with a decision tree approach.
A decision tree is a particularly particular sort of probability tree that enables you to choose a course of action. For instance, you could have to decide between producing item A or item B, or between investing in option 1, option 2, or option 3.
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A microwave costs $89, with a $17 full-replacement warranty. If the manufacturer sells 475,360 warranties and has to honor 7. 5% of them, how much profit did the manufacturer make from the warranties?.
A $89 microwave comes with a full replacement warranty that costs $17. If a company sells 475,360 warranties and must honor 7.5% of them, the manufacturer will receive $7,475,036 in profit from the warranties.
What does it mean in terms of a manufacturer's warranty?A manufacturer's warranty is a clause that is included with the purchase of a product and is paid for by the price. In some form, this guarantee promises that the company will fix any problems that arise or replace any damaged parts in a certain amount of time.
What does it mean if a manufacturer's warranty and an extended warranty cross over?When a customer purchases a product, the manufacturer frequently offers them a guarantee of some type. An extended warranty is an additional warranty that can supplement the manufacturer's warranty. When two warranties cross over, it means that they are both still in effect for the same period of time.
Microwave cost= $89
Warranty cost= $17
Total warranties= 475,360 of 7.5%
Income for warranties= 475,360 X $17
= $8,081,120
%= 475,360 X 7.5%
%= 35,652
Cost= 35,652 X 17
= $606,084
Profit= $8,081,120 - $606,084
= $7,475,036
The total profit of warranties= $7,475,036
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Answer:
The answer is C: 4,908,092
Explanation:
I took the test.
question content area on june 8, williams company issued an $80,000, 5%, 120-day note payable to brown industries. assuming a 360-day year, what is the maturity value of the note?
Maturity values allow you to estimate the future value of money and thus help you better plan for your future financial needs.
How do you explain maturity value?The maturity value of a life insurance policy is the amount of money that is paid out when it matures. The maturity value of an insurance policy becomes payable when the contract finishes or matures. The maturity value of an endowment contract is the proceeds payable on it at the end of the specified endowment period. The maturity value of the note is $81,333There are multiple accounting concepts discussed in the multiple-choice questions below. A short-term note payable is a current liability that bears interest and is presented on the balance sheet as a liability. Payroll taxes that are the employer's responsibility are presented as an expense on the income statement but payroll taxes that are the employee's responsibility and are merely withheld from an employee's check by a company are presented as a current liability until remitted.
$80,000*0.05*(120/360)=1,333$
$80,000+1,333=81,333$
The maturity value of a note payable is the value at the end of the note with interest included. Since the note is 120 days then the interest needs to be calculated by dividing the 120 days by 360 days since the 5% interest is based on an annual rate.To learn more about maturity value refer to:
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In the short-run, a price ceiling on gasoline will create a ______ ______ than in the long run.
a. greater shortage
b. greater surplus
c. lesser shortage
d. lesser surplus
The correct answer is c. In the short-run, a price ceiling on gasoline will create a lesser shortage than in the long run.
When value is simply too low, amount demanded is bigger than quantity provided. This excess demand is thought as a shortage. A value ceiling may be a most quantity, mandated by law, that a vender will charge for a product or service. It's typically applied to shopper staples.
A value ceiling may be a legal most value set below the equilibrium value. A value ceiling creates a shortage. As a result of the shortage, we have a tendency to should develop some different approach of deciding who gets to shop for gas.
If it's simply a short lived shortage that is inflicting rampant inflation, ceilings will mitigate the pain of upper costs till offer returns to traditional levels once more. Value ceilings also can stimulate demand and encourage outlay. So, within the short term, price ceilings have their blessings.
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true or false: the methods used for valuing an acquisition candidate are different from those used to determine the value of a merger candidate.
The methods used for valuing an acquisition candidate are different from those used to determine the value of a merger candidate is a false statement.
Financial transactions known as mergers as well as acquisitions occur when the ownership of one corporation institution is moved to, or combined with, another “organizational organization. Both businesses, which are comparable in size and breadth, are expected to benefit from the deal.
The business owner should evaluate the franchise's potential profits. Managing values, objectives, and skills all at once is a challenge for the strategist. You must examine each of these elements in order to develop and implement a good project and comprehend how your company can produce and sustain value.
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you strive to be rational when you negotiate, but you sometimes fall prey to bias. now you have to choose a new employee, but you’ve needed the help for a long time. there’s just no time to search. you choose a prospect from the preapproved list provided by human resources. which cognitive approach to negotiation has sidetracked you?
To choose a prospect from the preapproved list provided by human resources, this cognitive approach to negotiation is Game theory.
What exactly is the game theory idea?In interactive decision-making, where each participant or "playerresult "'s is influenced by collective behavior, game theory is studied. If you are a participant in such a game, you must consider other players' decisions when deciding on your course of action or "strategy."
Does game theory have a connection to psychology?In order to study rational and strategic social interactions and decision-making, many mathematicians, psychologists, and economists have adopted the theoretical framework known as game theory.
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under an fob contract, the seller delivery's the goods on board the ship decks and has no further transportation obligations. group of answer choices true false
Under a fob contract, the seller delivers the goods on board the ship decks and has no further transportation obligations TRUE.
Transportation is the movement of people, animals, and goods from one location to any other. The movement of delivery is defined because of the motion of an object from one point to another point. Modes of shipping include air, land, water, cable, pipeline, and area. heart mentioned.
The principal function of shipping is to provide or improve get admission to specific locations for people and companies. transport as a consequence facilitates a much wider variety of social and financial interactions than could in any other case be possible.
Transport (in British English), or transportation (in American English), is the movement of human beings, animals, and goods from one region to another. Modes of transport consist of air, land (rail and street), water, cable, pipeline, and space. the sphere can be divided into infrastructure, vehicles, and operations.
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What are all the ways you spend more money when you pay with a credit card?
Compared to cash, people tend to spend more while using credit cards. They are more inclined to provide greater gratuities and make more impulsive purchases in addition to being more likely to purchase items at higher prices. Household debt has grown during the same period.
However, according to a study, using a credit card may result in you spending more than using cash. Studies have shown that using a credit card to pay increases consumer spending.
It aids consumers in determining which credit cards have excessively high-interest rates. For non-accountant users E, it offers a language that is simple to grasp. It avoids frequent mistakes that have an impact on the company's financial statements F. It contrasts the credit card balances of your customer side by side.
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Assuming you have a tcf free student checking account, which fee would end up costing you extra money?
The fee which would end up costing me more money is the Out-of-network ATM fee. Therefore, option (a) is the correct answer.
TCF Bank, a Sioux Falls, South Dakota-based financial institution established in 1923, provides TCF Free Student Checking. In 50 states (and Washington, DC), TCF Free Student Checking is accessible.
There are no monthly account fees for this account. In-network ATM withdrawals from TCF free student checking are free, but withdrawals from ATMs outside of the TCF free student checking network incur a fee of up to $3. The minimal opening deposit for the TCF free student checking account is $25. TCF free student Checking account keeps an eye on transactions for anything that can be considered inappropriate, as when a debit card is abruptly used somewhere else or you make a sudden flurry of expensive purchases. Additionally, there are no overdraft fees associated with the TCF free student checking account. Overdraft protection is available for a fee of $10 per transaction.
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Complete question:
Assuming you have a tcf free student checking account, which fee would end up costing you extra money?
a. Out-of-network ATM Fee
b. Monthly maintenance fee
c. Paper statements fee
d. Account closing fee
Is the price at which demand for a commodity is equal to its supply Mcq?
The price at which both the quantity demanded and the quantity provided are equal is known as the equilibrium price.
Economic equilibrium is the state in which supply and demand are balanced and economic variable values remain constant in the absence of outside forces. Equilibrium, for instance, happens when the quantity demanded and the quantity given are equal, according to the traditional text on perfect competition. When a market price is set through competition and the quantity of goods or services demanded by buyers and the quantity of goods or services offered by sellers are equal, the market is said to be in equilibrium. This price, which is sometimes referred to as the competitive price or market clearing price, tends to remain constant aside from changes in supply or demand. The quantity is known as a "competitive quantity."
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what is a decrease in the purchasing power of money that is caused by an increase in general price levels of goods and services without an accompanying increase in the value of the goods and services? inflation. consumer price index (cpi). higher education price index (hepi). producer price index (ppi).
Inflation is the decrease in the purchasing power of money that is caused by an increase in general price levels of goods and services
Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines.
The existence of money, an unforeseen social construct that emerged over a period of perhaps 2500 years as a result of numerous breakthroughs and improvements, is a prerequisite for inflation. It peaked with the introduction of currency in China around 630 BC, as well as in Lydia and Ionia at the same time. Inflation cannot be older than money, according to this.
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Last year your store had total sales of $367,000. Because of a boost in the economy, you expect sales to increase 3% per year for the next 2 years. What are your projected sales in 2 years?.
Last year your store had total sales of $367,000. Because of a boost in the economy, you expect sales to increase 3% per year for the next 2 years. The projected sales after 2 years will be $389,350.
The projected sales after 2 years can be calculate as follows:
The shop made $367,000 in total sales last year.
For the following two years, the sales must climb by 3% annually.
To calculate the anticipated sales in two years
The anticipated sales for the following year = 3% of $367,000 +$367,000
Estimated sales for the next year are 11,010 + 367,000.
The anticipated sales for the upcoming year are $378,010.
Sales expected after two years = 3% of $378,010 + $378,010.
The anticipated sales after two years = 11,340 + 378,010
$389,350 is the estimated revenues after two years.
Thus, $389,350 in sales are anticipated to be made after two years.
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What is Accenture Intelops?
Accenture Intelops agencies that harness diverse records driven by way of implemented intelligence and human ingenuity to empower insight-led choice making, advanced client reports and breakthrough enterprise effects.
Accenture more energizing income in India is ₹ 3.7 Lakhs for much less than 1 yr of enjoy to three years. fresher revenue at Accenture India levels among ₹ 2.1 Lakhs to ₹ five.zero Lakhs. IT services & Consulting businesses earnings estimates are based on 87 salaries acquired from numerous employees of Accenture India.
Accenture keeps an attrition price in the mid to upper-teens, so not many humans make it all the way to handling Director. Many will peak out at level five or degree 6, and the extent five function (associate Director) turned into put in region to permit SME's to stay in the firm without fear about “up or out”
The usage of survey responses and external records, we diagnosed 4 tiers of operations maturity: stable, green, predictive and future-equipped. each of the 4 levels is underpinned by technology that power efficiency, insights and growing skills.
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you are considering adding a stock security to your client's portfolio. the stock last paid a dividend per share of $2.50 and dividends are expected to grow by 3% per year. investors are requiring a 10% return currently on this stock. the stock's current market price is $40.00. a) what is the intrinsic value of this stock? show all work for full credit. b) is this currently a good buy?
(a) The intrinsic value of this stock is $36.79.
(b) No, it is not a good buy because the intrinsic value of this stock is less than the current price of the stock which means that the stock is expensive.
In the given question;
We are considering adding a stock security to your client's portfolio.
The stock last paid a dividend per share of $2.50 and dividends are expected to grow by g=3%(0.03) per year.
Investors are requiring a r=10%(0.10) return currently on this stock.
The stock's current market price is $40.00.
a) We have to find the intrinsic value of this stock.
A stock's intrinsic value represents its genuine worth. This is estimated based on the expected financial gain you would experience from it in the future.
The intrinsic value of this stock = D1/r-g
The intrinsic value of this stock = 2.50*1.03/0.10-0.03
The intrinsic value of this stock = 36.79
b) We have to explain this currently a good buy or not.
No, it is not a good buy because the intrinsic value of this stock is less than the current price of the stock which means that the stock is expensive.
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suppose that both firms start off by deciding not to advertise. if the firms act independently, what strategies will they end up choosing?
Both businesses will decide to run ads. Whenever the approaches are independent, the one with the greatest potential rewards is selected.
What is a business firm?What Is a Company? A firm is a commercial business entity that offers professional services, such as a company, limited liability corporation (LLC), or partnership. Most businesses only have one location.
Do you mean firm or company?A firm is a type of commercial entity that aims to turn a profit by selling products and services. The words "firm" and "business" are interchangeable. Businesses can be organized in a variety of ways, such as sole proprietorships or corporations.
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why is it important for insurance companies to have a large risk pool of people paying premiums?
It is important because the premiums paid by all the insured clients will cover the expenditures for the few people who require it. The likelihood that each covered customer may encounter an emergency decreases as more people pay premiums.
A risk pool that is bigger than it is tremendously beneficial since it would make premiums more stable and predictable. As customers will have a sizable premium income to cover the losses that will unavoidably happen. So that the real losses reach the levels that the actuaries predict statistically, they need a sizable (ideally diversified) pool of policyholders.
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an important federal statute that prohibits employment discrimination against members of five protected classes is:
The correct response is d. Title VII of the Civil Rights Act of 1964. Title VII of the Civil Rights Act of 1964 is the most significant federal law that forbids employment discrimination against members of five protected classes.
Discrimination on the basis of race, colour, religion, sex, or national origin is illegal under the Civil Rights Act of 1964. This civil rights act's provisions prohibited discrimination in hiring, promoting, and firing on the basis of sex in addition to race. On July 2, 1964, President Lyndon Johnson signed this act into law. It outlawed discrimination in public settings, allowed for the integration of public institutions like schools, and forbade it in the workplace. The Act forbade discrimination in federally supported programs and public accommodations. Additionally, it made voting rights enforcement and school desegregation stronger. The Civil Rights Act of 1964 is the gold standard for civil rights law in the country, and it is still relevant today.
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The most important federal statute prohibiting employment discrimination against members of a protected class is
a. the Age Discrimination in Employment Act
b. The Equal Pay Act
c. The Americans w Disabilities Act
d. Title VII of the Civil Rights Act of 1964
the price of coffee beans use to make coffee has decreased. at the same time, the price of cream has increased. given these two effects, what will happen to the current equilibrium quantity and price of coffee?
a firm has an roe of 4%, a debt/equity ratio of 0.4, and a tax rate of 35%, and pays an interest rate of 5% on its debt. what is its operating roa?
According to the given data, The operating ROA is 5.82%. A measure of a company's profitability in relation to its total assets is called return on assets.
What do you mean by the ROA?A financial ratio known as return on assets (ROA) measures a company's profitability in relation to its total assets.
ROA can be used by corporate management, analysts, and investors to assess how effectively a company uses its resources to make a profit.
A company's ability to manage its balance sheet to produce profits is more effective and efficient when its ROA is higher; on the other hand, a lower ROA suggests there is potential for improvement.
Therefore, according to the given data, The operating ROA is 5.82%. A measure of a company's profitability in relation to its total assets is called return on assets.
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What amazon site supports rosies, a local charity in brisbane, australia, to provide food and a friendly face for those who are experiencing homelessness?
As food banks and community organizations face unprecedented demand, Amazon helps deliver millions of meals to hundreds of thousands of people.
Blacks and Native Americans are more likely to be homeless than other racial and ethnic groups in the United States. Blacks make up 13% of the total population 21.4% of the poor and 40% of the homeless. in cars or in emergency shelters.
People living in poverty are most at risk of becoming homeless and population groups at higher risk of poverty are also more likely to be homeless. The homeless living on the streets of cities are the most visible group of homeless people but not all homeless live on the streets. Many live with family and friends.
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a closed-end fund starts the year with a net asset value of $30. by year-end, nav equals $31.90. at the beginning of the year, the fund is selling at a 2% premium to nav. by the end of the year, the fund is selling at a 7% discount to nav. the fund paid year-end distributions of income and capital gains of $3.30. required: a. what is the rate of return to an investor in the fund during the year? (do not round intermediate calculations. round your answer to 2 decimal places.) b. what would have been the rate of return to an investor who held the same securities as the fund manager during the year? (round your answer to 2 decimal places.)
a) Start of year price = 30 x 1.02 = 30.6
End of year price = 31.90 x 0.93 = 29.667
Price fell by 0.933.
Rate of Return = (∆NAV + Distributions) / Start of year NAV = (-0.933 + 3.30) / 30.60 = 0.77 = 7.7%
b) Rate of Return = (∆NAV + Distributions) / Start of Year NAV = (1.90 + 3.30)/30 = .1733 = 17.33%
The annual rate of return is the percentage change in an investment's value. For instance, if you assume a 10% annual rate of return, you are assuming that the value of your investment will rise by 10% each year. A rate of return (RoR) is the net gain or loss of an investment over a given time period expressed as a percentage of the initial cost of the investment.
ROI is a straightforward calculation that shows how much an investment returns in comparison to the initial investment amount. In contrast, IRR provides an estimated annual rate of return for the investment over time and serves as a "hurdle rate" for comparing other investments with varying cash flows.
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during the turmoil in the market for subprime mortgages in 2007 and 2008, the fed increased the volume of discount loans. the goal of the fed was to
During the turmoil in the market for subprime mortgages in 2007 and 2008, the Fed increased the volume of discount loans. The goal of the Fed was to reassure financial markets and promote financial stability.
What actions did the Fed take during the turmoil of 2007 and 2008?The Federal Reserve’s response to the crisis of 2007 and 2008 evolved and took several nontraditional avenues. Initially, the Fed employed traditional policy actions by reducing the federal funds rate from 5.25 per cent in September 2007 to a range of 0-0.25 per cent in December 2008, with much of the reduction occurring from January to March 2008 and in September to December 2008. The sharp reduction in those periods reflected a marked downgrade in the economic outlook and the increased downside risks to both output and inflation which includes the risk of deflation.
In addition to its forward guidance, the Fed pursued two other types of nontraditional policy actions during the Great Recession.
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What is meant by transition economy?
Economies in transition are considered countries that are undertaking macroeconomic reforms with the aim of changing the way their economies operate.
This has traditionally involved the country making structural adjustments from a state-run economy to a more market-oriented system. One of the key features of transition economies is a high degree of concentration of market power, which increases the chances of corruption. Corruption is arguably the most detrimental obstacle to macroeconomic and social progress in these transition economies. It provides a framework for creating effective research questions and care guidelines before, during, and after conversion. Transitional theory evolves from clinical practice, is supported by research evidence.
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according to the video, did the federal reserve pursue an expansionary or a contractionary monetary policy?
Throughout the financial crisis, the Federal Reserve adopted an accommodative monetary stance. By increasing liquid as well as the money creation, this was accomplished.
What are the principles behind the Federal Reserve's employment of expansionary and restrictive monetary policy?
A central bank, such as the US Reserve Bank, may utilize expansionary monetary policy as a socioeconomic instrument to boost growth. It is commonly done by an institution once the business cycle is contracting and a country's gross domestic product (GDP) is beginning to drop.
What motivates the Federal Reserve to implement contractionary monetary policy?
To fight inflationary gaps, the Fed implements a contractionary monetary policy. The Fed sells bonds to the general public to reduce the amount of money in circulation and raise interest rates in order to fight inflation.
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Professor Patty is very distraught that three students in her class cannot afford to buy the 42-chapter book for the course. The book is used for two semesters, although not all students take the second semester. She finally tells the three students that she will make copies of the first 21 chapters for them, at no charge. Professor Patty makes the copies and gives each chapter to the students prior to her coverage of the relevant chapter in class. If Professor Patty is sued for copyright infringement:______.
Professor Patty is very distraught that three students in her class cannot afford to buy the 42-chapter book for the course. If Professor Patty is sued for copyright infringement, she loses because she is copying whole sections and a significant portion of the book.
More than just pirating music is possible when copyright is violated. Numerous sorts of works in business, science, education, the arts, and other fields are subject to copyright laws. It can be just as crucial for the author of a work as it is for people seeking access to know how to protect original work from theft or abuse by others and what constitutes copyright infringement.
When someone uses the creator's exclusive rights to a piece of work without authorization, they are infringing on their copyright. All distribution methods as well as any adaptation or other copies of the work, are covered by this. Whether or not the offender intends to profit financially from the use of the content in issue, infringement is still possible, albeit generally speaking, the better the case against copyright infringement, the less likely it is to occur.
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Glenda selects express shipping for her purchase and the company bills her credit card $91. 86 for the total of the online purchase. Determine if glenda has been billed correctly for her purchase.
Glenda has been billed incorrectly. She has been over-charged by $3.40 for her purchase (C).
Before we decide whether Glenda has been billed correctly or not, we need to find the total amount of Glenda's purchase:
Products Units Price per unit Total price
Picture frames 4 $12.95 $51.8
Mats 4 $5.89 $23.56
Total purchase 8 $75.36
Tax 4.89 +
Total purchasse (inc. tax) $80.26
Based on the total purchase of Glenda, the company should chaged Glenda on rate of $8.20 for express shipping. Hence, the total invoice of Glenda should be:
Total invoice = Total purchase (inc. tax) + delivery cost
Total invoice = $80.26 + $8.20
Total invoice = $88.46
Glenda has been over charged by:
Over-charged = Glenda's bill - Total invoice
Over-charged = $91.86 - $88.46
Over-charged = $3.40
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Complete Question:
Glenda makes an online purchase of 4 picture frames for $12.95 each and 4 mats for $5.89 each. The site says that taxes paid by the customer are 6.5% of the total purchase price. Shipping charges are based on the following table:
Amount of purchase Standard Shipping Express Shipping
up to $50 $5.10 $7.00
$50-$100 $6.35 $8.20
$100-$200 $7.80 $11.60
$200 and over $10.50 $16.45
Glenda selects express shipping for her puchase and the company bills her credit card $91.86 for the total of the online purchase. Determine if Glenda has been billed correctly for her purchase.
a. Glenda hass been billed correctly
b. Glenda has not been charged enough for her purchase
c. Glenda has been over changed by $3.40 for her purchase
d. Glenda has been over charged by $3.80 for her purchase