In transaction processing, generally which activity comes first?
A) recording data in a journal
B) posting items to special journals
C) capturing data on source documents
D) recording data in a general ledger

Answers

Answer 1

option C. Capturing data from source documents, such as invoices, receipts, and sales orders, is typically the first step in the transaction processing cycle.

This data is then used to make entries in a journal or ledger, which serves as a record of all transactions. Transaction processing is the process of recording, verifying, and executing business transactions in an organized and systematic manner. The goal of transaction processing is to ensure that all financial transactions are recorded accurately and in a timely manner, and that the resulting information is useful for management decision making.

After capturing data from source documents, the next step is to record the transactions in a journal. A journal is a chronological record of all financial transactions, including the date, amount, and description of each transaction. From the journal, transactions are then posted to a ledger, which is a more permanent and organized record of all transactions classified by account.

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Related Questions

why are gable end roofs among the worst roof designs for hurricane regions>

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Gable end roofs are one of the worst roof designs for hurricane regions because they are more susceptible to being torn off or damaged by strong winds.

They are also more likely to suffer from uplift or wind-driven rain penetration due to their shape. This is because the two sides of the roof form a triangle shape, which when hit by winds, can act like a sail, causing the roof to become unstable and be easily uprooted. Furthermore, the gable end of the roof is much weaker than the ridge, making it even more susceptible to damage. Gable end roofs are one of the worst roof designs for hurricane regions because they are more susceptible to being torn off or damaged by strong winds.  This means that the roof is more likely to be damaged by strong winds, leading to costly repair bills.

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true/false A firm can be said to have competitive advantage when it has access to resources that others do not.

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The given statement, 'A firm can be said to have competitive advantage when it has access to resources that others do not.' is true.

Competitive advantage refers to a unique advantage that a company has over its competitors, allowing it to generate more sales or profits than them. A company can be said to have competitive advantage when it has access to resources that others do not. This statement is true.

For example, if a company has a patented technology that allows it to produce goods at a lower cost than its competitors, it has a competitive advantage. This advantage can give the company a higher market share, more revenue, and higher profits.

However, it's important to note that a company's competitive advantage can be temporary, and other companies may eventually gain access to the same resources. This is why it's crucial for companies to continually assess and improve their competitive advantages, in order to stay ahead of their competitors.

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if there is a 25% probability that simone will lose $1,000 of her cash on the trip, what is the trip's expected utility?

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The trip's expected utility is -$250. The negative sign indicates that the expected utility is negative, meaning that Simone would expect to incur a loss or reduction in satisfaction as a result of the trip.

Expected utility is a measure of the average or expected level of satisfaction or benefit that an individual can expect from a certain decision or action. It is calculated by multiplying the utility of each possible outcome by its probability, and then summing up the results.

In this case, there are two possible outcomes: Simone either loses $1,000 or doesn't lose any money. The expected utility for the trip can be calculated as follows:

Expected utility = -$1,000 * 0.25 + $0 * 0.75 = -$250

Thus, the result is -$250. This means that, on average, Simone can expect a utility of -$250 from the trip, taking into account the probability of losing $1,000 and not losing any money

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how long will it take you to get $50,000, if you invested $5000 in an account giving 8.7% interest, compounded continuously?

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It will take approximately 26.81 years or 26 years and 8 months to reach $50,000 if you invested $5,000 at an 8.7% continuous compounding interest rate.

Continuous compounding means that interest is calculated and added to the principal an infinite number of times within a given period of time. This results in a higher interest rate than other forms of compounding, such as annually or quarterly.

The calculation can be done using the formula:

t = (ln(A/P)) / (ln(1 + r))

where:

t is the number of time in yearsA is the accrued amount ($50,000)P is the initial principal ($5,000)r is the interest rate as a decimal (0.087 for 8.7%)ln is the natural logarithm function

t = (ln($50,000/$5,000)) / (ln(1 + 0.087))

t = (ln(10)) / (ln(1 + 0.087))

t = 2.30258509299405 / 0.0858688079352456

t = 26.8151514894

So it would take approximately 26.81 years or 26 years and 8 months to reach $50,000 with $5,000 invested at an 8.7% interest rate compounded continuously.

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delta company purchased a delivery truck for a total cost of $15,000. delta paid $2,000 in cash and signed a note payable for the remainder. the total effect of this transaction on the accounting equation was to: a. increase assets by $15,000, increase liabilities by $13,000 and increase equity by $2,000. b. increase assets by $15,000, increase liabilities by $15,000 and have no effect on equity. c. increase assets by $13,000, increase liabilities by $15,000 and decrease equity by $2,000. d. increase assets by $13,000, increase liabilities by $13,000 and have no effect on equity.

Answers

The total effect of this transaction on the accounting equation was to Increase assets by $15,000, increase liabilities by $15,000 and have no effect on equity.

How does the accounting equation change when a delivery vehicle is bought with cash?

The total asset value stays the same. Explanation: When a car is bought using cash, the journal entry will show a debit for the car and a credit for the cash. Since the asset is not impacted by this transaction because both accounts are asset accounts,

When a business purchases a vehicle in full What impact does this have on the company's accounting formula?

As soon as the corporation pays back the loan, both its liabilities and assets drop. When a corporation purchases a new delivery van outright, one asset—cash—decreases while another—vehicles—increases.

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how the internet changed from a government research project into a technology for business users

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The internet started as a government research project in the 1960s, when the U.S. Department of Defense's Advanced Research Projects Agency (ARPA) developed ARPANET, the precursor to the modern internet.

The original purpose of ARPANET was to create a decentralized network that could withstand a nuclear attack, but over time, it evolved into a tool for researchers, academics, and government agencies to share information and collaborate on projects.

In the 1980s and 1990s, the internet began to attract the attention of private sector companies as a means of communication and information exchange. The development of the World Wide Web (WWW) by British computer scientist Tim Berners-Lee in 1989 made it much easier for businesses to access and use the internet. The widespread availability of personal computers and the growth of commercial internet service providers (ISPs) made the internet more accessible to businesses of all sizes.

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How the internet changed from a government research project into a technology for business users?

Mark this question In 2011, Matt's hunting store sold goods that cost $89,000, and had expenses that totaled $12,000. His average stock of goods during 2011 was $45,000. Which of the following is Matt's hunting store inventory turnover ratio in 2011? 171 O 1.98 O O 6.42 0 3.75

Answers

Matt's hunting store inventory turnover proportion in 2011 will be 1.98 i.e. Option2

The stock turnover proportion can be determined as the expense of merchandise sold separated by the normal stock.

For this situation, Matt's hunting store's expense of merchandise sold was $89,000 and the typical stock was $45,000, so the stock turnover proportion in 2011 can be determined as:

$89,000 ÷ $45,000 = 1.98

So the hunting store had a inventory turnover proportion of 1.98 in 2011, implying that its whole stock was sold and supplanted twice throughout the year. A high stock turnover proportion is for the most part considered a positive sign, as it demonstrates that the organization is proficiently dealing with its stock and selling its items rapidly.

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which is an example of a discretionary project

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Modifications to the general plan, zone changes, subdivisions, conditional use permits, and plot plans are only a few examples of discretionary projects.

A discretionary project is one that calls for a public entity to use discretion or judgement in deciding whether to approve the project or grant a permit. Non-discretionary projects are those that must be carried out or funded in accordance with legal, projects, health and safety, or judicial requirements. These are the actions you need to take. reacting to court orders or outside requests, like requests for drilling permits or rights-of-way. For students, discretionary time refers to academically related time that is not class time.

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a health insurance company that sets its premiums higher for chronically ill persons than those for healthy individuals is using what type of rating?

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A health insurance company that sets its premiums higher for chronically ill persons than those for healthy individuals is using experience type of rating.

What is an health insurance company?

A corporation with a charter allowing it to operate in the business of paying out money or another valuable item in the event of loss brought on by a disability brought on by illness or infirmity is referred to as a health insurance company.

An insured person's medical and surgical costs are covered by health insurance. It either pays the care provider of the insured person directly or reimburses the costs incurred as a result of illness or injury.

Every person is different and has a particular set of needs. The unique needs of each individual cannot be met by a single health insurance product. There are numerous varieties of health insurance plans available precisely in this situation.

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Politics, economic and social conditions, and religion all played a role in the European wars of the 16th century. Which of the following statements regarding the role of such aspects is accurate?

1. Spain's importation of silver from the New World had detrimental economic effects in that it caused an ever-increasing rate of inflation.

2. Spain attempted to invade England in order to overthrow Protestant "heresy" and restore England to the Catholicism.

3. France's Valois monarchy was staunchly Lutheran, and so it went a long way in bolstering the position of France's Calvinists, the Huguenots.

Answers

The ensuing statements regarding the part of similar aspects is accurate are Spain tried to foray England in order to erect Protestant" heterodoxy" and restore England to the Catholicism. Hence option (2) is correct.

Medieval Europe the congregation had huge power, still all through the sixteenth century the unqualified church slammed into change. The ascent of country countries, Protestantism, and a richer seller class all tested the power of the Catholic Church.

A large number of France were Calvinists, known as Huguenots, therefore they framed a coalition of resistance to the crown. These paroxysms in articulation and allowed impacted the world.

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apply swot, vca, and rbv to yourself and your career aspirations. what are your major strengths and weaknesses? how might you use your knowledge of these strengths and weaknesses to develop your future career plans?

Answers

Using a resource-based approach (RBV) for goal planning entails recognizing a company's valuable resources and putting them to use in order to create a competitive advantage. SWOT analysis involves examining a company's strengths, weaknesses, opportunities, and threats.

In the SWOT analysis, what are the strengths and weaknesses?Both the letters "strengths" and "weaknesses" stand for internal elements, or the knowledge and skills you have at your disposal. Some internal factors that are frequently thought of are as follows: resources – monetary (funding, sources of income and investment opportunities) sources of actual goods (location, facilities and equipment).Using a resource-based approach (RBV) for goal planning entails recognizing a company's valuable resources and putting them to use in order to create a competitive advantage. SWOT analysis involves examining a company's strengths, weaknesses, opportunities, and threats.Having a clear goal, being motivated, or possessing extensive prior knowledge are examples of strengths for a SWOT analysis.        

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a manager responsible for facilitating the exchange of products between an organization and its customers through activities such as distribution and advertising is

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A marketing manager is tasked with facilitating the exchange of goods between a company and its clients through initiatives like distribution and advertising.

What duties are the responsibility of a marketing manager?

A marketing manager would carry out all relevant tasks required to increase the company's sales, including conducting market research, understanding consumer trends and preferences, developing marketing strategies and budgets, supervising the production of marketing collateral and content, and developing marketing strategies and budgets.

Marketing managers organize and carry out marketing campaigns to raise customer awareness of products and services and generate demand for them. This broad phrase can cover a variety of tasks, such as planning, carrying out, and evaluating marketing campaigns.

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should it launch gluten-free corn flakes as an extension of its current product line or as a new brand?

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Assuming that Kellogg's is going to launch gluten free corn Flakes in India, I would recommend that they do so as an extension of their current product line due to the strong competition.

Kellogg's has already gotten its foot in the door with its adaptations made in years past to its cereal. Yes, Kellogg's Corn Flakes are gluten free. Although the main ingredient is ground corn,the cereal also contains malt flavor,which has gluten and is not safe for those with celiac disease or a gluten allergy manufactured by Nature's Path which makes all EnviroKidz cereals and other products these corn cornflakes are made with certified organic cornmeal plus pure cane sugar.Although Kellogg's cornflakes are not gluten-free,as they include malt flavoring produced from barley,they are not extension recommended for people with celiac disease or gluten sensitivity Kellogg's isn't the only brand of cornflakes available.

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nflation during the 1970s was much higher than most people had expected when the decade began. how did this unexpectedly high inflation affect homeowners who obtained fixed rate mortagages during the 1960s? how did it affect the baks that lent the money

Answers

The bankers that lend money in 1960s would suffer in terms of creditors due to the unexpected hike in inflation rate.

What is inflation rate?

The rate of price growth over a specific time period is known as inflation. Inflation is typically measured in broad terms, such as the general rise in prices or the rise in the cost of living in a nation. However, it can also be calculated more precisely for some products, like food, or for services, like a haircut, for instance. Whatever the context, inflation measures how much more expensive the relevant set of goods and/or services have gotten over a specific time frame, most frequently a year.

Consumer price inflation, the most commonly used indicator of inflation, is the percentage change in the CPI over a given time period and represents the cost of this basket at a given time expressed relative to a base year.

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nataro, incorporated, has sales of $702,000, costs of $345,000, depreciation expense of $90,000, interest expense of $55,000, and a tax rate of 22 percent. what is the net income for this firm?

Answers

The net income for Nataro, Incorporated is equal to $93,940.

Gross profit = Sales - Costs = $702,000 - $345,000 = $357,000

Operating profit = Gross profit - Depreciation Expense = $357,000 - $90,000 = $267,000

Pre-tax profit = Operating profit - Interest Expense = $267,000 - $55,000 = $212,000

Tax expense = Pre-tax profit x Tax rate = $212,000 x 22% = $46,064

Net income = Pre-tax profit - Tax Expense = $212,000 - $46,064 = $93,940

So, the net income for Nataro, Incorporated is $93,940, which represents the profit that the company has generated after all costs, expenses, and taxes have been deducted.

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a reduction in the level of unemployment would have which effect with respect to the nation's production possibilities curve?

Answers

A reduction in level of unemployment will not shift the curve; it would be represented by moving from a point inside the curve toward the curve that is option B is correct.

The production possibility curve of a nation is used to measure the differences in the outputs of the two goods based on the fixed amount of inputs. The input is kept constant and the factors affecting the input of production includes land, labor, capital and entrepreneurship. Any point inside the production possibility curve means that the resources available for the production are not been used properly. Also, unemployment will have no effect in the production possibility curve of a nation and even if the unemployment levels change, then only the point lying inside the curve will be shifted towards the curve.

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Complete Question:

A reduction in the level of unemployment would have which effect with respect to the nation's production possibilities curve?

A. It would shift the curve to the left.

B. It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.

C. It would not shift the curve; it would be represented by moving from a point on the curve to a point to the right of the curve.

D. It would shift the curve to the right.

Describe a strategic challenge faced by a non-profit you’re familiar with. Identify how they might address this problem and 1-2 ways in which they might turn your idea into action.

Answers

A strategic challenge faced by a non-profit organization. The strategic difficulties are sorts of pressure to measure the business success or failure.

The non-profit organization is those organization which runs by the government funds and crowdfunding.

The non-profit organization faced problem or strategic challenge is the challenge of government limited funds for the non-profit organization, not running non-profit organization like a business and ignore the bottom line, pressure on the non-profit organization to shows results and strategic solutions.

The ways  in which they might turn your idea into action by the get focused and innovators knows the importance  strategic challenge.

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under a life insurance policy what does the insuring clause state

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The life insurance policy's very purpose is stated in the insuring clause, which also specifies the circumstances in which the policy will pay out. In the event of the insured's demise, the insurer agrees to pay the designated beneficiary the death benefit as specified in the policy.

This outlines what is covered as well as the insurance company's main promises. The insurer makes a number of commitments in the Insuring Agreement, including paying claims for losses caused by covered perils, offering specific services, and agreeing to represent the insured in liability lawsuits. For instance, the insuring clause of a life insurance policy specifies that the death benefit payment of a certain amount to the designated beneficiary following the insured's passing is the policy's primary objective.

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what should the companies in the smartphone industry look at now? where are the threats coming from?

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Answer:Most cyberattacks begin with a phishing email that carries a malicious link or an attachment containing malware. On mobile devices, phishing attacks have a variety of media for delivering their links and malware, including email, SMS messaging, social media platforms, and other applications.

Smartphones Market is poised to grow at a CAGR of 4% by 2027. The emergence of budget-centric smartphones, and an increasing number of product launches.

Most cyberattacks begin with a phishing email that carries a malicious link or an attachment containing malware. On mobile devices, phishing attacks have a variety of media for delivering their links and malware, including email, SMS messaging, social media platforms, and other applications.

a firm has positive fixed cost and positive variable cost. at its current level of output, marginal cost equals average cost. the firm must

Answers

The answer is shutdown, shutting down can reduce variable costs to zero, but in the short run, the firm has already paid for fixed costs.

What exactly are variable and fixed costs?

The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant. Lease and rental payments, insurance, and interest payments are examples of fixed costs.

The fixed cost where is it?

Operating profit results from the allocation of fixed expenses in the income statement's indirect expense column. One such fixed cost that is represented as an indirect item is depreciation.

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refer to scenario 2.5. paul is at the stage of his marketing plan where he needs to gather information about his firm's situation with respect to the market. a major part of this is his assessment of target markets. which section is he about to write? a. environmental analysis b. executive summary c. marketing objectives d. swot analysis e. marketing strategies

Answers

A major part of this is Paul's assessment of target markets. He is about to write 'environmental analysis' section.

What do you mean by analysis?

Analysis refers to the process of breaking down a complex concept, problem, or object into its component parts and examining each one in detail. It is used to gain a better understanding of a subject and to identify relationships between the different parts. Analysis can also involve the comparison of two or more objects or ideas, or the evaluation of a single object or idea.

An environmental analysis is an examination of the external factors that can have an impact on a business. This includes factors such as economic, social, political, technological, legal, and environmental trends. By analyzing these trends, Paul can identify potential opportunities and threats to the target market. He can then develop strategies to take advantage of the opportunities and mitigate the risks of the threats. By doing this, he can better position the business to succeed in the target market.

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Correct form of question:

Refer to scenario 2.5. Paul is at the stage of his marketing plan where he needs to gather information about his firm's situation with respect to the market a major part of this is his assessment of target markets. Which section is he about to write?

a. environmental analysis

b. executive summary

c. marketing objectives

d. swot analysis

e. marketing strategies

the theory of reciprocal demand best applies when two countries are of equal economic size, so that the demand conditions of each nation have a noticeable impact on market prices. (T/F)

Answers

The statement " the theory of reciprocal demand best applies when two countries are of equal economic size, so that the demand conditions of each nation have a noticeable impact on market prices. " is true because it involves two companies.

By outlining the prerequisites for equilibrium terms of trade, J.S. Mill made Ricardo's theory of comparative costs determinate. The maximum distance at which profitable international trade can occur is determined by the comparative cost differences between the nations. It does not specify where actual international trade will occur in the space between the limits. The answer to this question is provided by Mill.

To explain how the equilibrium terms of trade are actually determined, J. S. Mill proposed the theory of reciprocal demand or the law of international values.

He asserted that the equation of reciprocal demand determines the equilibrium terms of trade. Reciprocal demand refers to the relative potency and elasticity of the two trading nations' demand for one another's products in relation to their own products.

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The matrix form of project management structure is a good choice when resource usage needs to be optimized by having individuals work on multiple projects while still performing functional duties. True or False

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When it's important to maximize the use of resources, assigning people to different projects while they continue fulfill their functional responsibilities, the matrix type a project management is a smart option. True.

What precisely is the purpose of project management?

Project managers, inside the broadest sense, are in charge of organizing, planning, and overseeing the execution of a project while making sure that it produces the anticipated outcomes on time, within budget, and then within scope.

What are project management's five primary roles?

The primary responsibility for project planning, execution, monitoring, control, and closure falls on project managers.

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What will happen as a consequence of the following 2 events occurring and affecting the market for hotels in Acapulco, Mexico
Event #1. Many people planned to go to the beach in Flonda but the hurricane made this impossible, but they insist that they want to go on vacation to another beach area.
Event #2: Mexican hotel workers unionize a successful campaign for higher wages.
A. P ambiguous and Q increases.
B. P ambiguous and Q decreases.
C. P increases and Q ambiguous
D. P decreases and Q ambiguous.

Answers

As a consequence of these events occurring and affecting the tea market is P ambiguous and Q decreases will happen. Hence option (C) is correct.

A market is a social event place for purchasers and dealers where they can trade items and administrations. The whole number of purchasers and merchants nearby or locale viable is alluded to as the market. The worth and endlessly cost of exchanged products rely upon the market's organic market powers.

Item Investigations, a vital part of value control, empower you to affirm item quality on location at different focuses during the creation cycle and before it is sent.

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what is english 1 highschool

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English 1 is a high school course that focuses on the study of language and literature.

English 1 is a foundational course in high school English curriculum, typically taken by students in their freshman or sophomore year. The course provides students with a comprehensive introduction to the study of language and literature.

Students learn about the elements of literature such as plot, character, setting, theme, and symbolism, and how to analyze and interpret various types of texts. In addition, they study grammar and mechanics, vocabulary, and writing skills, including the writing process, research techniques, and various forms of composition.

The goal of English 1 is to build a strong foundation in language and literary analysis, while also developing critical thinking and communication skills that are essential for success in school and beyond.

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The real value of the United States dollar is determined by
A. federal regulations regarding purchasing power
B. the value of the gold backing the dollar
C. the goods and services it will buy
D. the money multiplier
E. the marginal propensity to consume

Answers

The real value of the United States dollar is primarily determined by the goods and services it will buy. So, The correct option is C.

This is known as its purchasing power, which is the amount of goods and services that can be bought with a single unit of currency. Federal regulations do play a role in determining the purchasing power of the dollar by setting monetary policies, but the value is ultimately determined by supply and demand in the market.

The gold backing of the dollar used to be a factor in determining its value, but this practice was abandoned in the 1970s. The money multiplier, which is the relationship between the money supply and the amount of reserves held by banks, also influences the value of money, but it is a secondary factor compared to the goods and services it will buy.

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Which of the following groups would be the LEAST LIKELY target market for a company producing canned food in single serving sizes?
]school kitchens

Answers

LEAST likely target market for a company producing canned food in single serving sizes would be families with multiple children. This is because single serving sizes are typically more expensive per unit of food compared to larger, family-sized cans. Additionally, families with multiple children would require larger portions of food to feed everyone in the household, making the single serving cans less convenient and cost-effective for them.

Additionally, the packaging for single serving cans is often designed to be compact and convenient for people on the go or for those who do not have access to a kitchen. These packaging considerations may not be as appealing or relevant to families who typically have a larger kitchen and might prefer to buy their food in bulk.

In summary, the LEAST likely target market for a company producing canned food in single serving sizes would be families with multiple children, as they would require larger portions of food and might prefer to buy in bulk, rather than paying more for smaller, single serving cans.

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A major cause of the ___ that broke in 1873 was the expansion of more factories, railroads, and mines than existing markets would bear.

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A major cause of the panic that broke in 1873 was the expansion of more factories, railroads, and mines than existing markets would bear.

The expansion of these industries was fuelled by a wave of speculation and investment, but the problem was that there was limited demand for the goods and services they produced. As a result, many of these businesses went bankrupt, leading to a chain reaction of failures and layoffs.

This, in turn, caused a contraction of the money supply and credit, making it harder for businesses and consumers to borrow money and causing prices to fall.

The expansion of these industries also led to overproduction, which created a glut of goods in the market and further decreased prices. This made it difficult for businesses to sell their products and led to a decrease in profits, which contributed to the wave of bankruptcies and layoffs.

The panic of 1873 was a major turning point in US history and served as a cautionary tale about the dangers of unchecked expansion. It showed the importance of balancing economic growth with stability and the need for regulations to prevent such crises from happening again in the future.

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andrei s. is the beneficiary of a life insurance policy. the insurance company informs andrei that he has two options for receiving the insurance proceeds. he can receive a lump sum of $95,500 today or receive payments of $1,000 a month for ten years. he can earn 4.5% on his money. which option should he take and why? andrei should accept the payments because they are worth $96,489.32 today. andrei should accept the payments because they are worth $95,886,30 today. andrei should accept the payments because they are worth $97,204.58 today. andrei should accept the $95,500 because the payments are only worth $94,880.26 today. andrei should accept the $95,500 because the payments are only worth $93,745.62 today.

Answers

The option should he take Andrei should accept the payments because they are worth $96,489.32 today.

The insurance provider tells you that you have two choices when you are named as a beneficiary of a life insurance policy, right?

Receiving the money usually comes with two choices. To help them manage their money, beneficiaries have the option of taking a lump amount (which is the most popular alternative), payments in the form of monthly installments, or payments made as part of an annuity.

Upon the insured's passing, a life insurance policy guarantees what to the designated beneficiary?

In return for premiums paid by the policyholder during their lifetime, a life insurance policy promises the insurer will pay an amount of money to one or more named beneficiaries after the covered person passes away.

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a product costs $80 today. how much will the product cost in t days if the price is reduced by $4 a day

Answers

The product cost (P) will be 80-4(t) in t days, if the price is reduced by $4 a day.

What is cost?

A cost is the value of money that has been used up to produce something or deliver a service and is thus no longer available for use in production, research, retail, or accounting. In business, the cost could be one of acquisition, in which case the money spent to acquire it is counted as cost.

The product cost initially = $80

Now, every day, it reduces $4

The rate=$4 per day reduction

The price in the days will be determined by the formula below

P ($)=80-4(t)

Where p = price at t days

t = number of days

So let's assume it's on the second day

The price after the second day

P($) = 80-4(2)

P($) = 80-8

P($)= $72

The price after two days will be reduced to $72

Therefore, the product cost after t days will be 80-4(t).

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