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kramer
2 years ago
12

A store has a 6% restocking fee. If you join the store’s membership program, all items over $100 will have a flat rate restockin

g fee of $5. How much money will a member save if they return an item costing $240?.
Business
1 answer:
Dvinal [7]2 years ago
8 0

Saving means the amount of income that is not spent on a particular product.

The member of the store will save $5 if they return an item costing $240.

<h3>What is saving?</h3>

Saving is defined as the part of income not spent, or delayed consumption. Methods of saving, consider putting money set aside.

<u>Example:</u>

A deposit account, a pension account, an investment fund, or cash. Saving also refers to separating down expenditures, like recurring costs.

In the above situation, it is clearly mentioned that if any member would return the item which costs above $100, then he would save $5. So here the item which the member is returning is above $100 then, the member would save $5.

He would pay only $235 ($240-$5).

Therefore, the member will save $5, on returning the item.

To learn more about saving, refer to:

brainly.com/question/7965246

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State 2 reasons that lead to foreign trade.plz answer asap!!!​
inn [45]

For imports:

You import when there is lack of production in your own country

or when another country offers a cheaper price and/or better quality good than your own country's industry

for exports:

production surplus.

3 0
3 years ago
The proprietorship form of business organization Question 5 options: must have at least two owners in most states. generally rec
-Dominant- [34]

Answer:

generally receives favorable tax treatment relative to a corporation.

Explanation:

The sole proprietorship is the business organization in which the business is controlled by single person only. The business records would be separated with the owner personal records in this type of business also it would not be classified as a separate legal entity just like corporation

But in this it received the favorable tax treatment as compared with the corporation

8 0
3 years ago
The basic purpose of imposing legal reserve requirements on commercial banks is to: A. Assure the liquidity of commercial banks
Aliun [14]

Answer:

Provide a device through which the credit-creating activities of banks can be controlled

Explanation:

The legal reserve requirement is the minimum amount mandated by Central banks for banks to have as their minimum reserves.

The legal reserve requirement is used by the government as a means to control the supply of money in the economy.

If the central bank wants to reduce money supply, it increases the legal reserve requirement and if it wants to increase money supply, it reduces the legal reserve requirement.

A high reserve requirement reduces the amount that banks can make available for loans.

I hope my answer helps you

5 0
3 years ago
While a mechanic works on his car, a taxi driver takes Robert to his job as a warehouse laborer. At the end of his shift, he mak
Orlov [11]

They have high school degrees with some or no college experience.

Explanation:

  • The workers in Transportation and Logistics careers usually have high school degrees with some or no college experience.
  • Although they do not need a degree or diploma, they usually have a high school degree.
  • Students in transportation, distribution and logistics learn and practice skills  for various post-high school education and training opportunities.
  • Career and technical education programs provides career oriented hands on learning pathways

7 0
3 years ago
Read 2 more answers
Statement of retained earnings   Hayes Enterprises began 2019 with a retained earnings balance of $ 928 comma 000. During 2019​,
Temka [501]

Explanation:

a. The preparation of the statement of retained earnings for the year ended December​ 31, 2019 is presented below:

                                                   Hayes Enterprises

                                          Statement of retained earnings

                                For the year ended December​ 31, 2019

Beginning balance of retained earning $928,000

Add: Net income $377,000

Less: Cash Dividend paid

Preference stock dividend -$47,000

Common stock dividend $210,000

Ending balance of retained earning       $1,048,000

The common stock dividend is

= $928,000 + $377,000 - $47,000 - $1,048,000

= $210,000

b. The earning per share is

Earning Per share = (Net income - Preferred Dividends) ÷ (Average Common shares outstanding)

= ($377,000 -$47,000) ÷ (140,000 Shares)

= $2.36 per share

C. Dividend per share = Common Stock dividend ÷ Common Shares outstanding

= $210,000 ÷ 140,000 shares

= $1.50

8 0
3 years ago
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