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Use the following information for the next 2 questions.
Bynsel, Inc., a retailer, projects the following purchases and sales of its product for the next 4 months: Each unit costs $100, and all purchases are on account. Two-thirds of purchases are paid in the month of the purchase and one-third are paid in the month following the purchase. Bynsel gets a 3% discount whenever it pays in the month of the purchase. The selling price per unit is $200. Sales are 60% cash and 40% on customer credit cards. The bank charges Bynsel a 5% fee for each credit card transaction and transfers the funds to Bynsel's checking account on the same day as the credit card sale.
-What are cash disbursements for the third month?
Optimal Quantity
The quantity of a good or service at which the total cost is minimized and the total revenue is maximized.
Total Benefits
The complete range of advantages or improvements gained from an action or investment, encompassing both direct and indirect benefits.
Total Costs
The aggregate of all financial outlays involved in the creation of goods or services, covering both stable and changeable costs.
Public Good
A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
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