Examlex
Provide a short answer to each of these questions. Be sure to fully explain your answer.
-In an economy that says it seeks to maximize profits for the individual firm, how can the United States government justify regulating business to control excess profits?
Operating Expense
This refers to the costs associated with the normal day-to-day operations of a business, excluding costs directly related to product manufacturing or service delivery.
Merchandising Company
A business entity that purchases and sells tangible goods without significantly altering their form.
Terms 2/10, n/30
Payment terms indicating a 2% discount if the bill is paid within 10 days; otherwise, the net amount is due in 30 days.
Discount
A reduction from the usual cost of something, or an amount deducted from the regular price or interest rate.
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