Answer:
What Jason Jennings and Mary Scott did with there firm is called merger.
Explanation:
Merger is when two existing independent business entities come together to become one entity. Some of the possible reasons Jason Jennings and Mary Scott decided to merge are:
To enjoy the economy of large scale production
The take advantage of synergy associated with merger
To reduce fixed cost
To make their business more competitive e.t.c.
A business operated by state legally...... is called corporation
Answer:
$1, 727.68
Explanation:
Cheryl wants to have $2000 three years from now in an account that pays 5%
The $2000 is equivalent to the Future value when applying the compound interest formula. The present value is the amount she needs to invest now.
Fv= PV (1+5/100)^3
$2000 = PV(1+0.05)^3
$2000 =Pv 1.157625
Pv = $2000/1.157625
Pv= 1,727.68
Cheryl has to invest $1, 727.68
The accounts payable account is a/an option C: <u>liability; credit, </u>and it has a normal.
<h3>
What do you mean by Account payable?</h3>
A account payable is refers to as the monet owned by a company to its supplies and its represent in the firm's balance sheet.
The main role of account payable os to provide financial, administrative and clerical support to the firm. Their main role include complete the whole payment and control expenses.
Moreover, it is considered as the liability for each business because the company have to pay back its all due on particular period of time and it is credit in nature.
Hence, rest all options like A, B and D are incorrect because it does not considered under the account payable account.
Therefore, correct option is C.
Learn more about Account payable, refer to the link:
brainly.com/question/14438810
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The answer is D.)She would likely have to pay more than $55 at the time of purchase for the convenience of using her credit card.
There are always fees for using any type of credit card. Interests or not, you pay fees for the government. Lynn can pay even more if she doesn't pay the balance by the end of the month. Every time she uses the credit card, her balance fees rises. By the time she gets enough money to pay of the balance, her balance will be much bigger.
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