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german
3 years ago
15

Which type of cooperative sells merchandise to its members at reduced prices?

Business
1 answer:
Blababa [14]3 years ago
5 0

Answer: consumer

<span>A cooperative is a business owned and operated by a group of individuals for their common benefit. There are different kinds of cooperative, but the one that sells merchandise to members at reduced prices is referred to as consumer cooperative. </span>

<span>Service cooperative provides service instead of merchandise while producer cooperative helps members sell their produce. A franchise is not a cooperative.</span>

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On October 1, 2015, Zircon Jewelry Company accepted a 4-month, 10% note for $2,400 in settlement of an overdue account receivabl
Whitepunk [10]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $2,480

         To Interest receivable $60

         To Interest revenue $20

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(Being the collection of funds is recorded)

The computation of interest receivable is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $2,400 × 10% × (3 months ÷ 12 months)

= $60

And for interest revenue would be

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $2,400 × 10% × (1 months ÷ 12 months)

= $20

7 0
3 years ago
The compensation companies receive for purchasing capital assets is called the return on?
Mamont248 [21]

<u>Return on Investment</u> is the compensation companies receive for purchasing capital assets.

Capital assets are significant pieces of property like houses, automobiles, rental properties, stocks, bonds, and even antiques or works of art. A capital asset for businesses is an asset with a useful life of more than a year that is not intended for sale during normal company operations.

Your investments in the business are the time and money you devote to strengthening your company. The profit you receive from your investments is the return. The ratio of net profit to the entire cost of the investment is how ROI is often defined.

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3 0
1 year ago
Asynchronous Testing of 2 Specimen-Diversion Devices to Reduce Blood Culture Contamination: A Single-Site Product Supply Quality
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Skin antisepsis kits having alcohol and chlorhexidine gluconate or tincture of iodine are associated with low rates of blood culture contamination.

<h3>Skin antisepsis kits</h3>

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Contamination of blood cultures is a typical problem, with rates for organizations ranging from 2% to more than 6%. Most contaminants produced from blood cultures are indigenous human microbial flora. Careful skin practice is an important factor in reducing the rate of blood culture contamination.

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6 0
8 months ago
EB12.
mote1985 [20]

Answer:

The cost assigned to Job 7 at the end of the week is 5,700 dollars.

Explanation:

In job order costing the cost that is to be assign to a specific order is sum of actual direct material cost and actual labour cost require to perform that job. Factory overheads are also added to the job cost on the basis of allocation method (on basis of budgeted applied OH rate).

So Following costs will be assign to Job 7.

RAW materail = $ 700

Labor Cost     = $ 3000

Overhead      = $ 2000 (10* 20)

Total Cost    = $ 5700

4 0
3 years ago
A common stock pays an annual dividend per share of $2.10. The market capitalization rate (required return on equity) is 10.0%.
Inessa05 [86]

Answer:

the  value of the stock is $21

Explanation:

The computation of the value of the stock is given below:

= Annual dividend per share ÷ required rate of return

= $2.10 ÷ 10%

= $21

Hence, the  value of the stock is $21

We simply divided the annual dividend from the required rate of return so that the value of the stock could come

3 0
2 years ago
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