BUSINESS HIGH SCHOOL

Bramble Corp. sells $1800 of merchandise on account to Flounder Company with credit terms of 2/12, n/30. If Flounder Company remits a check taking advantage of the discount offered, what is the amount of Flounder Company's check

Answers

Answer 1
Answer:

Answer:

The amount of Flounder check would be $ 6,964

Explanation:

The amount of the check would be the selling amount deduct the discount amount (which came from the selling amount of discount percentage).

The amount of Flounder check is computed as:

Amount = Selling amount × Percentage

where

Selling amount is $1,800

Percentage is as:

Percentage = 100% - Discount

where

Discount is 2%

So,

Percentage = 100% - 2%

= 98%

Putting the values above:

Amount = $1,800 × 98%

Amount = $6,964

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Why does minimum wage exist?

Answers

The minimum wage exists to establish a floor on the wages that employers can legally pay to workers.

Its primary purpose is to protect vulnerable workers from exploitation and ensure they receive a fair and decent level of compensation for their labor. By setting a minimum wage, governments aim to prevent excessive wage suppression, reduce poverty, and promote social and economic justice.

Minimum wage laws seek to provide workers with a basic standard of living, protect against income inequality, and stimulate consumer spending. It serves as a tool to address income disparities, improve working conditions, and contribute to overall social welfare and economic stability.

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If minimum wage didn't exist, then there would be nothing stopping  companies from paying there workers basically nothing. They could grossly underpay all workers and not get in trouble for it.

All of the following make up the big three credit reporting agencies EXCEPT: A: Equifax
B: TransUnion
C: Experian
D: Federal Reserve

Answers

The Federal Reserve is not a credit reporting agency. It is the main banking system in America, created in the 1910s. Credit reporting agencies work with banks such as the Federal Reserve to help the bank - or another type of business - decide whether a person they lend money to will be able to pay it back.

The Federal Reserve is not a credit reporting agency. This also implies the correct answer is D.

The Federal Reserve is the America central bank while a credit reporting agency refers to a business that keeps individuals or businesses credit information. The top credit reporting agencies include Equifax, Transunion, and Experian

Further Explanation

Federal Reserve is considered the most powerful sector in the US; it is a major player in controls of the world money.

The Federal Reserve is comprised of two components, which include

  1. The board of governors
  2. The federal open market committee

The functions performed by the board of governors include

  • It sets reserve requirement for banks
  • It has a total of 7 members
  • It controls monetary policy
  • It sets the discount rate

The federal open market committee performs the following functions:

  • It controls the operation of the open market
  • It set the target for fed fund rate

In General, the Federal Reserve System has some core functions and these include:

  • It controls the affairs of the banking
  • It manages inflation

However, some of the functions of credit reporting agencies include:

  • Maintaining credit information
  • They give credit report
  • They also calculate credit scores.

The three largest credit reporting agencies include

  1. Equifax
  2. Transunion
  3. Experian

LEARN MORE:

KEYWORDS:

  • credit scores
  • agencies
  • federal reserves
  • banks
  • united states

What is credit note and invoice received?

Answers

Credit note
A credit note or credit memorandum (memo) is a commercial document issued by a seller to a buyer. The seller usually issues acredit memo for the same or lower amount than the invoice, and then repays the money to the buyer or sets it off against a balance due from other transactions.

The ability to produce a good or service at a lower opportunity cost than other producers is called

Answers

i don't' think i have the first word right but it should be called relative advantage

Answer:

D. A Comparative Advantage

Explanation:

Consumers influence the decisions of producers in which of the following ways?A. By setting prices for natural resources.
B. Because consumers are also workers.
C. Through the purchasing decisions they make.
D. Only in a planned economy.

Answers

Consumers influence the decisions of producers c) through the purchasing decisions they make.

Answer:

the answer is C. Through the purchasing decisions they make.

Explanation:

ap3x answer.

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Answers

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