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Oksanka [162]
3 years ago
11

An independent gas station sits beside a busy highway. Half of its customers are travelers passing through the area. On a sign i

n front of the gas station two price
tiers are advertised for the same grades of gasoline. Gasoline purchased with cash is 20 cents per gallon less than gasoline purchase with a credit card.
Why would the gas station charge more for purchases made with a credit card?

To offset processing fees charged by credit card companies

To protect credit card users from ID theft

To bring in more customers

To discourage the use of credit cards
Business
2 answers:
SSSSS [86.1K]3 years ago
7 0

<u>Answer:</u>

<u />

It would be "To offset processing fees charged by credit card companies".

<u>Explanation:</u>

It wouldn't make sense to protect credit card users from ID theft, since that is taken care of at the credit card company's level.

This specific discount wouldn't necessarily bring in more customers since half the demographic is probably either cash or credit card anyway.

Lastly, credit card companies due charge fees for the use of credits cards, so a company would use this tactic out of fairness for it's customers and the profit of the business.

lakkis [162]3 years ago
3 0

Answer:

Could be the first and the last, if you are to choose more than one. If only one, I would choose the last one.

Explanation:

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Gibson company began august with 200 units of product br having a unit cost of $8 in inventory. relevant information is listed a
In-s [12.5K]

ANSWER: To calculate the gross profit for the month of August, Gibson will have to find out the sales in his company. Gibson had a opening stock of 200 units of products valuing $8 per unit. The total value of the stock available at the opening of the month is $8 x 200 units = $1,600. If he uses the average cost method to calculate the inventory cost, he will need the opening stock and the production done in the month of August. This will give him the figure which will show his entire stock which were available for sale in the month.

Let's assume the entire stock produced in the month of August to be 'x', so the total stock available for sale was '$1,600+x'. This amount needs to be subtracted by the closing stock of the month to get the actual value of sales that has happened during the month of August. So, dividing the actual value of sales by the production cost of the sold number of units will give Gibson the gross profit for the month of August.

7 0
3 years ago
AutoZone and O'Reilly are two competitors in the retail automotive parts industry.
sineoko [7]

Answer:

Gross Profit Margin: 53 % and 54%

Inventory days outstanding: 249 days and 252 days.

Explanation:

Gross Profit Margin = Gross Profit / Sales * 100

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Gross Profit :

Year 1 : 10,498,448 - 4,860,309 = 5,638,139

Year 2 : 8,277,782 - 3,804,031 = 4,473,751

GP margin :

Year 1 = 53%

Year 2 = 54%

Days of inventory :  Average inventory / Cost of Sales * 365 days

Year 1 : 3,320,864 / 4,860,309  * 365 = 249 days

Year 2 : 2,632,898 / 3,804,031 *365 = 252 days

7 0
3 years ago
What happens if the amount of Bad Debt Expense is overstated at year end? A : Net income will be overstated. B : Allowance for D
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Answer:

D. Net Accounts Receivable will be understated

Explanation:

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3 years ago
What line item flows from the statement of retained earnings to the balance​ sheet?
-Dominant- [34]

Answer:

Retained Earnings

Explanation:

The statement of retained earnings is prepared after preparing the income statement but before preparing the balance sheet. The reason behind this is that the statement of retained earnings is used to calculate the amount of retained earnings at the end of the period to be shown in the balance sheet.

3 0
3 years ago
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