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galben [10]
2 years ago
13

When a firm stretches accounts payable without hurting its credit rating, the cost of giving up a cash discount is ________.

Business
1 answer:
babymother [125]2 years ago
7 0

When a firm stretch accounts payable without hurting its credit rating, the cost of giving up a cash discount is<u> reduced.</u>

<u></u>

A credit rating is a measure of a person's or entity's ability to repay financial obligations based on income and past repayment history. Usually expressed in terms of creditworthiness, banks and lenders use creditworthiness as one factor in deciding whether to lend money.

Credit ratings help lenders determine the creditworthiness of borrowers. An individual's credit rating is determined by factors such as borrowing history, outstanding borrowings, and payment history.

Credit ratings are used by investors, intermediaries such as investment banks, bond issuers, and companies and corporations.

Disclaimer: Learn more about credit rating here brainly.com/question/13375913

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Salter Mining Company purchased the Northern Tier Mine for $91 million cash. The mine was estimated to contain 1.88 million tons
lisov135 [29]

Answer:

Depletion $ 2,000,000 (debit)

Accumulated Depletion $ 2,000,000 (credit)

Explanation:

Salter Mining Company must use the Depletion Unit Method to provide for <em>usage</em> of Mine.

Depletion for the year = (Cost of Asset - Residual Value)/ Expected Total Contents in Units × Number of Units Taken During the Period

Thus Depletion for the year, = (  $91 million-$6.4 million)/ 1,880,000 tons × 60,000 tons

                                                 = $ 84,600,000 / 1,880,000 × 60,000

                                                 = $ 2,000,000

5 0
4 years ago
Andreas is a political consultant with his own firm. he travels the country and provides campaign advice for political candidate
Rus_ich [418]

Bills accounting profit is equals to revenue ($250,000) minus explicit (monetary) cost (50,000 and 30,000), while his economic profit is equals to accounting profit minus implicit (opportunity) cost (3,000 and 100,000). Accounting profit is $170,000 and Economic profit is $67,000.

<span>Economic profit is always lower than accounting profit because explicit costs and implicit costs are both deducted to revenue. Implicit costs are cost that he should have earned if he gives up his present resources. These costs are projected cost and are not yet incurred.</span>

6 0
3 years ago
Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are ma
Anarel [89]

Answer:

c.Common Stock, $15,000, and Paid-In Capital in Excess of Par—Common Stock, $7,000

Explanation:

When common stocks are issued the cash is received so, it is debited because cash is an asset and assets have debit nature. On the other hand equity accounts are credited, which may include the common stock (at par) account and Add-in-capital excess of par common stock ( if the stocks are issued over par value ).

Common Stocks = 1,000 x $15 = $15,000

Paid-In Capital in Excess of par = 1,000 x ( $22 - $15 ) = $7,000

5 0
3 years ago
If you wanted to pruchase ownership interests in diversified portfolisos of investments which type of finacncial prodcut provide
igomit [66]

If you wanted to purchase ownership interests in diversified portfolios of investments which type of financial product provider should you contact a mutual fund.

In order to invest in securities such as stocks, bonds, money market instruments, and other assets, mutual funds aggregate the funds from shareholders. Professional money managers run mutual funds, allocating the assets and attempting to generate capital gains or income for the fund's investors. The portfolio of a mutual fund is set up and kept up to date in accordance with the specified investment goals in the prospectus. Small or individual investors have access to professionally managed portfolios of stocks, bonds, and other securities through mutual funds. As a result, each shareholder shares proportionately in the fund's profits or losses.

Learn more about mutual funds here:

brainly.com/question/9965923

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8 0
1 year ago
The consumer buying process begins when
Softa [21]

Answer:

The consumer buying process begins when consumer recognize that they an unsatisfied need.

5 0
2 years ago
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