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xxTIMURxx [149]
3 years ago
11

Tamarisk, Inc. sells merchandise on account for $2500 to Culver Company with credit terms of 2/15, n/30. Culver Company returns

$200 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check
Business
1 answer:
denis23 [38]3 years ago
7 0

Answer:

$2,254

Explanation:

The computation of the amount of the check is shown below:

= Sale value of merchandise - returned goods - discount amount

where,

Sale value of merchandise is $2,500

Returned goods is $200

And, the discount is 2% of $2,300 = $46

So, the amount of the check is

= $2,500 - $200 - $46

= $2,254

We simply applied the above formula so that the correct amount could come

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Compared to traditional nonprofit startups, enterprising nonprofits are far less likely to survive in business after the first f
mash [69]

Compared to traditional nonprofit startups, enterprising nonprofits are far less likely to survive in business after the first five years: FALSE

<h3>Traditional nonprofit startups and enterprising nonprofits startups:</h3>
  • Enterprising Non-Profits, or enp, is a one-of-a-kind collaborative program that encourages and supports the establishment and growth of social enterprises as a means of building successful non-profit organizations and healthier communities.
  • A tax-exempt organization created for religious, charitable, literary, artistic, scientific, or educational objectives is known as a non-profit enterprise.
  • It is a corporation from which the shareholders or trustees do not profit financially.
  • Most organizations qualify for one of the three primary categories, which include public charities, private foundations, and private running foundations.
  • Unlike traditional nonprofit starts, enterprising nonprofits are considerably more likely to survive after the first five years.

As it is given in the description itself, unlike traditional nonprofit starts, enterprising nonprofits are considerably more likely to survive after the first five years.

Therefore, the statement "compared to traditional nonprofit startups, enterprising nonprofits are far less likely to survive in business after the first five years" is FALSE.

Know more about Enterprising Non-Profits here:

brainly.com/question/3843195

#SPJ4

Complete question:

Compared to traditional nonprofit startups, enterprising nonprofits are far less likely to survive in business after the first five years. TRUE or FALSE

6 0
2 years ago
Why do businesses compete in free enterprise system?
Bingel [31]

Answer:

Businesses in free enterprise systems compete with each other to produce better products at better prices. Competition leads to innovation, new ideas and a more competitive market. Competiting allows businesses to control themselves and their ideas in an <em>efficent manner. </em>

<em>However, competition in the free enterprise systmem leads to lower wages and income.</em> It leads to the best product at the lowest price. It leads to a variety of products available to the consumer.

<u>if you liked my answer please mark me as brainliest !! thanks <3 !!</u>

3 0
2 years ago
Which of the following would most likely be considered an expense in a budget?
Liula [17]

Answer:

C

Explanation:

Everything in life is an expense for me

5 0
3 years ago
A loss has a Debit balance and is shown on the balance sheet. A gain has a Credit balance and is shown on the balance sheet. B.
spin [16.1K]

Answer:

A gain has a Credit balance and is shown on the Income Statement. C. A loss has a Debit balance and is shown on the Income Statement.

Explanation:

As we know that the revenues and gains contains the normal credit balance while on the other hand the expenses and losses contains the normal debit balance and both are reported on the income statement

The gain would be reported on the credit side of the income statement and the loss would be reported on the debit side of the income statement

So the same is relevant too

7 0
3 years ago
1. Your friend wants to retire and has $375,000. She expects to live for another 25 years, and she also expects to earn 7.5% on
forsale [732]

Answer:

Annual withdraw= $33,641.50

Explanation:

Giving the following information:

PV= $375,000

n= 25 years

i= 7.5%

<u>To calculate the annual withdrawal, we need to use the following formula:</u>

Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]

Annual withdraw= (375,000*0.075) / [1 - (1.075^-25)]

Annual withdraw= $33,641.50

6 0
3 years ago
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