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Nostrana [21]
4 years ago
12

A _____ is a price reduction offered to a consumer, an industrial user, or a marketing intermediary in return for prompt payment

of a bill.?
Business
1 answer:
Sav [38]4 years ago
5 0

Cash Discounts. Cash discounts is a decrease in value offered to a buyer or a marketing negotiator in return for rapid compensation of a bill. Cash discounts encourages/motivates users or customers to buy the specific product to be paid within a specific time.

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A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per un
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Answer:

Cost of goods sold= $133

Explanation:

Giving the following information:

A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory.

Cost of goods sold= 7*14 + 5*7= $133

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4 years ago
A market is in long-run equilibrium and firms in this market have identical cost structures. Suppose demand in this market decre
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