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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 carddd

1 answer

Mr. Smith can cover the cost of the new dining room table using any of the three payment methods mentioned:

  1. Cash: He has $2,000 in cash, which is more than enough to pay for the $1,500 table.
  2. Gift Card: He has a $500 gift card. He can use this towards the table and then pay the remaining $1,000 with cash or his credit card.
  3. Credit Card: He has a credit card with a $1,000 limit. He can use this to pay part of the total ($1,500) and cover the remaining balance with cash or the gift card.

Therefore, the correct response is: Any of the three payment methods mentioned can cover the cost of the table.