Answer:
Store of wealth
Explanation:
Store of wealth means that money retains it value and purchasing power over time. Thus, it can be stored or kept away and used sometime in the future without money losing its value.
Other functions of money are :
1. Medium of exchange: money can be used to exchange for goods and services in transactions.
2. Unit of account: money can be used to determine the value of goods and services being exchanged.
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Answer:
$12,285
Explanation:
Term 1/10, means if the buyer pays the seller within 10 days, the buyer will receive 1% sales discount. However, n/eom means the payment must be paid within a certain number of days of the month according to the agreement.
Accounting explanation:
Here, Merchandise price = $12,000
Sales return = $500
Total Sales = $11,500
Since the invoice is paid within the discount period, and the discount is 1%
Sales Discount = $11,500 x 0.01 = $115
Net Sales = $(11,500 - 115) = $11,385
FOB shipping point means buyer has to pay the freight cost. Therefore,
Total amount of cash to be paid by the customer (or, to be received by the seller) = $11,385 + $900 = $12,285
Based on the fact that C&S is a huge business that supplies supermarkets, it is a <u>wholesaler</u>.
<h3>What is a wholesaler?</h3>
A wholesaler is a company/ store that supplies retail outlets with the goods that they then sell to the final consumer.
C&S is a wholesaler because it supplies goods to supermarkets and institutions for them to then sell to the final consumer.
Wholesalers are also not very well known by consumers because they don't sell directly to them.
Find out more on wholesalers at brainly.com/question/7283027.
Answer:
The concept of the opportunity cost underlines the basic economic problems of scarcity and choice, and is relevant to the behaviour of individuals or consumers, firm or producers and of the government.
Explanation: