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djyliett [7]
3 years ago
8

What is one advantage of starting a business in hard times

Business
2 answers:
uysha [10]3 years ago
4 0

You can find equipment and products at bargain prices.  

Since it's hard times, sales are low everywhere in the market, so companies will sell for less.

just olya [345]3 years ago
4 0

Answer:

<em>You can find equipment and products at bargain prices.  </em>

Explanation:

Since it's hard times, sales are low everywhere in the market and companies will sell for less.

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Federal Open Market Committee holds regularly scheduled meeting per year. Meeting's agenda includes reviews economic and financial conditions. They also determines stance of monetary policy and assesses the risk to its long run goal of price stability and sustainable economic growth.
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By convention, a swap buyer on an interest rate swap agrees to act as the dealer in the swap agreement. hold both principal and
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periodically pay a fixed rate of interest and receive a floating rate of interest.

Explanation:

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By convention, a swap buyer on an interest rate swap agrees to periodically pay a fixed rate of interest and receive a floating rate of interest.

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3 years ago
Trade between countries leads to A. reduced specialization. B. high unemployment in both countries. C. higher product prices. D.
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D is the answer.

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Imagine that a researcher wants to test the hypothesis that getting married increases happiness. he finds 100 people who are mar
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Merchandise costing $2,000 is sold for $3,000 on terms 2/30, n/60. If the customer pays within the discount period, what amount
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Answer:

The amount that will be reported on the income statement as net sales is <u>$2,940</u> and as gross profit is <u>$940</u>.

Explanation:

Given:

Merchandise costing $2,000 is sold for $3,000 on terms 2/30, n/60.

If the customer pays within the discount period.

Now, to find the amount reported on the income statement as net sales and as gross profit.

Cost of merchandise = $2,000.

As, merchandise sold for $3,000.

So, to get the net sales we deduct the discount:

Merchandise on terms 2/30, n/60.

3,000-2\%\ of\ 3000\\\\=3,000-\frac{2}{100}\times 3000\\\\=3,000-0.02\times 3000\\\\=3,000-60\\\\=\$2,940.

<u><em>Thus, the net sales is $2,940</em></u>.

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\$2,940-\$2,000\\\\=\$940.

<em><u>Hence, gross profit is $940.</u></em>

Therefore, the amount that will be reported on the income statement as net sales is $2,940 and as gross profit is $940.

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