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fiasKO [112]
3 years ago
8

A group of fifty homeschooling parents in New Jersey get together and form a nonprofit membership organization for the purpose o

f buying teaching materials and supplies at a discount and selling the materials and supplies to members. The parents have probably formed a_____________.
a. joint stock company.
b. cooperative.
c. syndicate.
d. business trust
Business
1 answer:
Furkat [3]3 years ago
4 0

Answer: Cooperative

Explanation:

A cooperative is an independent association of people united voluntarily in order to meet their common economic, cultural and social needs and through a jointly owned enterprise.

A cooperative society is a group of people who possess specific common needs. The purpose of a cooperative society is to improve the economic status of its members. Cooperative societies usually offer their products to their members at a discount.

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The Reynolds Corporation buys from its suppliers on terms of 3/13, net 35. Reynolds has not been utilizing the discounts offered
grin007 [14]

Answer:

Explanation:

A)

cost of not taking a cash discount = (1+3/(100-3))^(360/(35-13)) -1

cost of not taking a cash discount = 66.5%

B)

Effective rate of interest if the company borrows from the bank = (17/(100-12))

Effective rate of interest if the company borrows from the bank = 19.3%

3 0
3 years ago
Novak Company took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in
Lorico [155]

Answer: $237070

Explanation:

The amount that Novak should report as its December 31 inventory will be:

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Total = $237070

The amount that Novak should report as its December 31 inventory will be $237070

8 0
3 years ago
"Economists warn of an economic downturn. Investments and lending have risen as prices have skyrocketed. Unemployment is up as b
kipiarov [429]
For me, the incorrect passage would be "Investments and lending have risen". In an economic downturn, investors are reluctant to put money on a market that is experiencing losses. 

Economists warn of an economic downturn. Prices have skyrocketed. Unemployment is up as businesses move up to reduce <span>costs. The Fed considers lowering discount rates and reserve requirements to increase monetary circulation.</span>



8 0
3 years ago
Which savings account will earn the most interest?
mestny [16]

Answer:

it would be 10,000 for 4.00% interest for 4 years.

Explanation:

the reason is the amount would turn out at 10,824 dollars and you earned 824 dollars in income.

3 0
3 years ago
A farmer is producing where MC = MR. Say that half of the cost of producing wheat is the rental cost of land (a fixed cost) and
Digiron [165]

Answer:

If the price of wheat does not rise in the long run, the farmer should stop the production of wheat.

Explanation:

given data

MC = MR.

average total cost of producing wheat = $26

price of wheat = $10

solution

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If the price of wheat does not rise in the long run, the farmer should stop the production of wheat.

4 0
3 years ago
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