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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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After Juan wrote down the week's tasks, schoolwork, and after-school activities in his assignment notebook, he highlighted all t
Nimfa-mama [501]

Answer:

Its B

Explanation:

5 0
2 years ago
Read 2 more answers
Bramble Corp. factors $7200000 of its accounts receivables with recourse for a finance charge of 5%. The finance company retains
saul85 [17]

Answer:

See below

Explanation:

Given the above information, first we'll compute net proceeds

Cash received $7,200,000 × 86%

$6,192,000

Add:

Due from factors $7,200,000 × 9%

$648,000

Less;

Recourse obligation

($5,000)

Net proceeds

$6,835,000

5 0
3 years ago
On January 1, JC Co. accepted a 60-day, 6%, note in the amount of $10,000 from a customer. On March 2, the due date of the note,
sammy [17]

Answer:

Cash account in the amount of $10,100

Explanation:

The journal entry to be recorded for the receipt of payment is as:

Cash A/c.............................................Dr $10,100

        Note receivable A/c...................Cr  $10,000

        Interest Revenue A/c..................Cr  $100

Being recoded the receipt of payment

As payment is received so asset is increasing and any increase in asset is debited. Therefore, cash account is debited. And the note receivable got decrease will be credited and the interest revenue is also credited.

Computation of interest revenue is as:

Interest revenue = Amount × % of note × Days / Number of days in a year

= $10,000 × 6% × 60 / 360

= $100

Note: Assume 360 days in a year

3 0
3 years ago
Can somebody plz help? ASAP
aleksandrvk [35]

Answer:

More accessible goods

An increase in international trade

A rise in regional Jobs

3 0
2 years ago
7. Another example of opportunity cost is a company's cost of capital. Suppose a manufacturer wants to add
vredina [299]

Answer:

You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.

Explanation:

alternative 1, build and sell microwave ovens:

initial outlay = $500,000

net cash flow per year = $225,000 - $200,000 = $25,000

alternative 2, invest in US securities:

investment = $500,000

net cash flow per year = $500,000 x 10% = $50,000

Opportunity costs are the benefits lost or extra costs resulting from choosing one activity or investment over another.

If you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000 = -$25,000.

Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000 = $25,000.

6 0
3 years ago
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