What Would Be the Value of DiscountRate After the Following

question 8

Multiple Choice

What would be the value of discountRate after the following statements are executed?
Double discountRate = 0.0;
Int purchase = 100;
If (purchase > 1000)
DiscountRate = 0.05;
Else if (purchase > 750)
DiscountRate = 0.03;
Else if (purchase > 500)
DiscountRate = 0.01;

• A) 0.0
• B) 0.05
• C) 0.03
• D) 0.01

Recognize the significance of savings ratio and how to calculate it.

Understand the role of opportunity costs in financial decision making.

Differentiate between assets and liabilities, including their classifications.

Grasp the concept of net worth and how it is affected by personal financial decisions.

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Definitions:

Assembly Department

A specialized department within a manufacturing facility where components are assembled into final products.

Equivalent Units

A measure used in the costing of products in process, which converts partially completed goods into an equivalent number of fully completed units.

Weighted-average

A mathematical calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning more weight to some numbers than others.

Conversion

The process of changing or converting resources into finished goods or services.