A company bills customers for services provided. the company records this transaction with a Debit Accounts Receivable.
A customer is an individual or business that purchases goods or services from another business. Customers are important because they drive sales. Without them, companies cannot continue to exist.
The definition of a customer is a person who purchases products or services at a store, restaurant, or other retail establishment. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.
In sales, commerce, and business, customers (sometimes called customers, purchasers, or purchasers) receive goods, services, products, or ideas obtained from sellers, vendors, or suppliers through financial transactions. is a person. Transaction or exchange for money or other valuable consideration
Learn more about customers here:brainly.com/question/380037
#SPJ4
Answer:
Cost of the VAN <em>$53.298</em>
Explanation:
We have to enter the van as the cost for a cash purchase and all other neccesary cost to get the van ready for use and in company's possesion.
The financing cost (interest) should be excluded as are not part of the cost the company can chose to take them or not.
list x reduction = invoice
invoice less discount = cash price
60,000 x (1 - 0.13) x (1 - 0.01) = 51.678
to this, we add up the sales tax and the extra cost for the device
51,678 + 860 + 760 = <em>53.298</em>
Answer:
the answer is equity.
Explanation:
the social equity in resource allocation and distribution is the main concern of an command economy. The entire "command" function is there for this purpose. Opposing to the market system, in which the efficiency of the market is of primary concern, the command system argues that while following to achieve the maximum market effeciency, these economies miss out on the fainress and unbiasedness in economic benefit destribution and therefore creates many social problems such as poverty, rich and poor gap, etc as a result.
The command economy tries to overcome this problem of Equity in market economies.
Answer:
4.56%
Explanation:
The annual percentage rate refers to the rate at which the loan amount is equal to the present value of cash flows
In mathematically
Loan amount = Present value of cash flows
Loan amount = Monthly payment × PVAF (rate, number of years)
$31,000 = $493.25 × PVAF (rate, 72 months)
So,
PVAF (rate, 72 months) = 62.8485
And, the monthly rate is = 0.38%
So, the APR is
= Monthly rate × total number of months in a year
= 0.38% × 12
= 4.56%
The 72 months is
= 6 years × 12 months
= 72 months
Answer:
Cost to retail ratio = 57.05%
Explanation:
Particulars Cost Retail
Beginning Inventory $46,000 $66,000
Add: Purchases $213,000 $406,000
Less: Purchases Return $7,000 $9,000
Freight In $15,558 -
Net Markups - $6,400
Good Avail. for Sales (Without markdowns) $267,558 $469,000
Cost to retail ratio = $267,558/$469,000
Cost to retail ratio = 0.570486
Cost to retail ratio = 57.05%
