Multiple Choice
If a company sells goods with a sales price of \$450 and allows sales returns of \$50 and sales discounts of \$20, what is the net sales amount?
103
views
4. Merchandising Operations
Net Sales
Multiple Choice
If you have insurance premiums of \$250 due quarterly, how much will you pay in total for the entire year?
A
\$750
B
\$1,000
C
\$250
D
\$500
Verified step by step guidance1
Identify the frequency of the insurance premium payments. The problem states that the premiums are due quarterly, meaning four times a year.
Determine the amount of each quarterly payment. The problem specifies that each payment is \$250.
Calculate the total annual payment by multiplying the quarterly payment amount by the number of quarters in a year. Use the formula:
Verify the calculation by ensuring that the multiplication aligns with the quarterly frequency (4 quarters per year).
Review the options provided in the problem and match the calculated total annual payment to the correct answer.
Related Videos
Related Practice
