Answer:
the amount of cash paid is $1,568
Explanation:
The computation of the amount of cash paid is shown below:
= (purchased value - returned goods) × (1 - discount rate)
= ($1,800 - $200) × (1 - 0.02)
= $1,600 × 0.98
= $1,568
hence, the amount of cash paid is $1,568
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: The correct answer is "near moneys".
Explanation: <u>near money is a financial asset that cannot be directly used as a medium of exchange but can be readily converted into cash or checkable bank deposits.</u>
It is a term that in finance is used to refer to an asset that despite not being usable money as a medium of exchange, has a high degree of liquidity, that is, it has the facility to quickly become cash.
Answer:
<u>A) private-sector entrepreneurs can expropriate the profits generated by the efforts of private and public entities.</u>
Explanation:
- As there exist four basic structures of the market economy in the form of perfect competition, imperfect competition, oligopoly, and monopoly.
- Thus without any legal system of trade in the market economy, the profits that are generated by the public and private sectors can be taken away by these entities as a large number of small firms tends to compete in the market against each other with there homogenous products.
- Thus under such circumstances, the market economy would deprive all the profits made by the other forms in the market and put barriers to entry for others. Buyers thus will be deprived of the quality products.
