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Gwar [14]
3 years ago
7

Which is an example of easy-access credit? $3000 monthly line of credit credit card with a $4,000 limit one-week payday loan for

$350 $200,000 loan for a home
Business
2 answers:
Korolek [52]3 years ago
8 0

Answer:

C

Explanation:

one-week payday loan for $350

just took the personal finance quiz on edge 2020

mario62 [17]3 years ago
7 0

Answer:

Option C: one-week payday loan for $350

Explanation:

Ed-gen-ui-ty 2020

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Answer: 1. b. 2 percent discount for payment within 10 days, or the full amount (less returns) due within 30 days.

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The 2 is the discount in percentage,

The 10 is the number of days you have to pay the company in order to receive the discount

n/30 is the total amount of days you have to pay the company if you had been unable to do so in those first 10 days. Paying within this period after the first 10 days does not entitle you to thw discount.

Therefore the above sales discount terms offered are a 2 percent discount for payment within 10 days, or the full amount (less returns) due within 30 days.

2. Sales returns and Sales Allowances have the effect of reducing the net sales figure as goods are returned and risk has to be dealt with. If they reduce therefore, the net sales figure rises.

A reduction in the discount by the credit card company also leads to a Rise in sales because it reduces the amount that the company has to give in discounts thereby increasing the amount made per sale/ transaction.

If you need any further clarification, do comment. Cheers.

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