Answer:
16.22%
Explanation:
3/15, net 45 means that if Newsome pays within 15 days, it will get discount of 3%, otherwise it can pay within 45 days in full.
Nominal annual percentage cost of non-free trade credit based on 365 days can be calculated using the below formula:
Discount %/(100%-Discount %)*(365/(Actual credit days – Discount days))
In this case
Discount%=2%
Actual credit days=60
Discount period=15
Cost of non- free credit=2%/(100%-2%)*(365/(60-15)
=2%/98%*(365/45)
=0.02*8.11
=16.22%
During the liquidation of the fgh partnership, a cash distribution was made to all the partners, who share profits and losses 60 percent, 20 percent, and 20 percent, respectively. assuming that the cash distribution referred to was made properly, how much would g receive if an additional $60,000 was distributed?
<span>$12,000</span>
Answer:
liquidated damages
Explanation:
Based on the information provided within the question it can be said that the $150 per day is called liquidated damages. This term refers to a set amount of money that both parties agree upon when signing a contract. This money is then paid out by the company being contracted if they breach the contract, such as is the case in this situation by not completing construction by the due date. The amount specified is meant to reflect the damages that the contractor would have to deal with if the contract is not met accordingly.
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The statement "today, technology enables small businesses to reach customers across the globe." is True
This is further explained below.
<h3>What is technology?</h3>
Generally, Technology is the application of scientific knowledge to the practical purposes of human existence, or as it is commonly stated, to the changing and manipulating of the human environment.
Technology can also be defined as the application of scientific knowledge to the practical purposes of animal existence.
Historically, the term "technology" referred to the application of scientific understanding to the pursuit of various practical goals in human existence.
In conclusion, It is accurate to say that "technology now allows tiny enterprises to contact clients throughout the world."
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Maintain framework, provide public goods and services, maintain competition, redistribute income, stabilize the economy
<u>Explanation:</u>
The economy that has the combination of command, market and also traditional economy refers to mixed economy. The major roles of the government in the mixed economy includes, maintaining social and legal framework, providing public goods and services, competition maintenance, redistribution of income and stabilization of economy.
In the first role of maintaining social and legal framework is positive. This will help customers and the sellers to abide within law and helps them in safety maintenance. The second one is the providing public goods and services. this is also positive because one person can use services and no person can demand that that particular service or product belongs to him. Next one maintaining competition also is positive in nature because it gives people many choice from which they can choose products and also they will be offered lower price.
