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Mr. Smith wants to buy a new dining room table that costs $1,500. He has $2,000 in cash, a $500 gift card, and a credit card with a $1,000 limit. Identify the payment method that can cover the cost of the new table.(1 point) Responses Any of the three payment methods mentioned can cover the cost of the table. Any of the three payment methods mentioned can cover the cost of the table. credit card credit card cash cash gift card

1 answer

Mr. Smith can use any of the following payment methods to cover the cost of the new dining room table, which is $1,500:

  1. Cash: He has $2,000 in cash, which is sufficient to cover the $1,500 cost.
  2. Gift Card: The gift card is worth $500, so he would need to cover the remaining $1,000 with cash or credit.
  3. Credit Card: He has a credit card with a $1,000 limit, which could be used in conjunction with cash or the gift card.

In conclusion, any combination of the cash and either the gift card or credit card can cover the cost of the table. Thus, the correct response is: Any of the three payment methods mentioned can cover the cost of the table.