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.

Question

1.Any+of+the+three+payment+methods+mentioned+can+cover+the+cost+of+the+table.
2. credit card
3. gift card
4. cash

Answer 1

To determine which payment method can cover the cost of the $1,500 dining room table, let's analyze each method:

1. Cash: Mr. Smith has $2,000 in cash, which is more than enough to cover the cost of the table.

2. Gift Card: The gift card has a value of $500. If he uses the gift card, he would still need to pay $1,000 to cover the remaining cost. He can do this with cash or the credit card.

3. Credit Card: The credit card has a limit of $1,000. He can use it to pay the remaining $1,000 after using the gift card for $500, making the total payment for the table achievable.

Since Mr. Smith has sufficient cash to cover the entire cost alone and can also combine the gift card with the credit card or cash, the answer is:

1. Any of the three payment methods mentioned can cover the cost of the table.