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2 years ago

_____ are specific repayment conditions as to how long customers have to pay bills and the amount of cash discount allowed.

1 answer:

7 0

Credit terms are specific repayment conditions as to how long customers have to pay bills and the amount of cash discount allowed.

<h3>What is the purpose of credit terms?</h3>

Credit terms are the payment requirements stated on an invoice. It is fairly common for sellers to offer early payment terms to their customers in order to accelerate the flow of inbound cash.

Credit means a loan, an agreement in which the lender (creditor) supplies the borrower with money, goods or services which is to be returned in future. Terms of credit apart from the rate of interest, collateral also includes documentation, mode of repayment.

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Entrepreneurs work well under pressure because:

Darya [45]

Answer:

Letter d is correct. <u>They have a lot of energy.</u>

Explanation:

Entrepreneurs need to be high-energy people because they are naturally leaders in an organization and motivate employees.

The attitude that an entrepreneur adopts will usually be copied and transmitted in the organizational culture, but the ideal is that entrepreneurs prove to be high performance and energetic people, prepared to deal with the challenges and uncertainty that may occur in the organizational process, people who follow the line. the set of organizational ethics and policies.

The business posture is essential to cope with the daily pressures of running work systems.

5 0

3 years ago

quiclet if a country has an absolute advantage in the production of something it should specialize in the production of it as a

makkiz [27]

Even though the United States has an absolute advantage in producing both refrigerators and shoes, it makes economic sense for it to specialize in the good for which it has a comparative advantage. The United States will export refrigerators and in return import shoes.

<h3>Do all countries have an absolute advantage in production?</h3>

In the production of at least one good or service, almost every nation enjoys an absolute competitive advantage. The key to absolute advantage is low-cost production. For instance, because they can benefit from low labor costs, China and other Asian nations are known to have a distinct advantage in the manufacturing sector.

<h3>What determines a nation's choice to specialize in a particular good?</h3>

When resources are scarce, a country's decision to focus on producing a specific good is also heavily influenced by its comparative advantage. Comparative advantage is based on the idea of opportunity cost, whereas absolute advantage refers to the superior production capabilities of one nation over another.

Does Japan have an absolute advantage in the auto industry?

Japan is said to have a clear advantage in the auto industry if it can produce cars just as well as the United States, but more quickly and with higher quality. The kinds of goods a nation decides to produce are greatly influenced by its absolute advantage or disadvantage in a given industry.

Learn more about U.S. auto industry:

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7 0

2 years ago

In Mesopotamia, the ownership of property and the specialization of trades and crafts made visual identification necessary. Imag

marin [14]

Answer:

Cylinder seals

Explanation:

The human species originated in Africa around 300,000 years ago, but the first civilization that modern archaeologists have discovered was located in Sumer, Mesopotamia, around 10,000 BC.

Mesopotamians invented agriculture, writing, art, culture and trade. One of the ways to control goods produced and traded was to trademark them with cylinder seals specially to mark items on clay. They used clay a lot, for writing, pottery and construction.

5 0

3 years ago

Read 2 more answers

Illustrate the effects of each of the transactions on the accounts and financial statements of Snipes Company.

Lesechka [4]

Answer:

Snipes Company

Effects of each transaction on the accounts and the financial statements of Snipes Company:

Balance Sheet Income Statement Statement of

Cash Flows

Assets = Liabilities + Equity Revenue - Expense = Profit

+ $18,250 = 0 + $18,250 + $18,250 - 0 + $18,250

Accounts receivable $18,250 Sales revenue $18,250

Assets = Liabilities + Equity Revenue - Expense = Profit

-$10,000 = 0 - $10,000 0 - $10,000

Cost of goods sold $10,000 Inventory $10,000

Assets = Liabilities + Equity Revenue - Expense = Profit

-$400 0 -$400 0 -$400 -$400 Operating activity

Transportation-out expense $400 Cash $400

Explanation:

a) Data and Analysis:

Accounts receivable $18,250 Sales revenue $18,250

Cost of goods sold $10,000 Inventory $10,000

Transportation-out expense $400 Cash $400

4 0

3 years ago

Playtown Corporation purchased 75 percent of Sandbox Corporation common stock and 40 percent of its preferred stock on January 1

Nesterboy [21]

Answer:

<u>Elimination Journal.</u>

Retained Earnings $210,000 (debit)

Common Stock $ 150,000 (debit)

Investment in Sandbox Corporation $270,000 (credit)

Non-Controlling Interest $90,000 (credit)

Explanation:

When dealing with consolidation of Financial Statements, the Equity and Retained Earning in the Subsidiary has to be eliminated from the records whilst the Investment in Subsidiary and the Non-Controlling Interest in Subsidiary are recognized.

Elimination of the common items in consolidation is done by the use of Pro-forma Journals.

<em>Goodwill</em> or <em>Gain on Bargain Purchase</em> are also recognized on the date of acquisition of subsidiary.

Goodwill is the excess of Purchase Price and Non-Controlling interest over the Net Assets Acquired.While Gain on Bargain Purchase is the excess of Net Assets Acquired over Purchase Price and Non-Controlling interest.

<u>Elimination Journal.</u>

Retained Earnings $210,000 (debit)

Common Stock $ 150,000 (debit)

Investment in Sandbox Corporation $270,000 (credit)

Non-Controlling Interest $90,000 (credit)

8 0

3 years ago