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Vinil7 [7]
3 years ago
13

Rock Solid Concrete Company does not offer customers a cash discount for early payment of their accounts receivable. As a result

, most customers wait to pay their bill on the last day before late penalties are charged. These customers apparently understand the:
Business
1 answer:
eimsori [14]3 years ago
3 0

Answer:

Time value of money

Explanation:

The reason is that the money invested today worth more tomorrow. If we have option to pay our supplier $5m after a year is more suitable option than paying him today. The reason is that the amount paid today will be worth $5m but if we pay our supplier after a year then in real terms we have paid the supplier less because money lost its worth by certain percentage during the year. So paying late makes the liability cheaper required their are no interest or other costs.

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Why is a w-2 form so important
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Answer:

The IRS requires employers to report wage and salary information for employees on Form W-2. Your W-2 also reports the amount of federal, state and other taxes withheld from your paycheck. As an employee, the information on your W-2 is extremely important when preparing your tax return.

7 0
3 years ago
Choose the best and worst answer to the following question:
oee [108]

Answer:

Choose the best and worst answer to the following question:

Suppose your supervisor returns from vacation and notices that the work area looks terrible. You also had the last two days off. He's angry and criticizes you for being careless and sloppy. This wasn't your fault.

What would you do?

Best answer: Let the coworkers responsible know that you had to take the heat.

worst answer: Tell him it wasn't your fault and not to criticize you unjustly.

Explanation:

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3 years ago
If the demand curve is linear and downward sloping, which of the following statements is not correct? Select one: a. Starting fr
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Answer:

The correct answer is option d.

Explanation:

If a demand curve is linear and downward sloping, different points on the line can show different values of slope. The value of slope will be equal to the ratio of change in price to change in quantity demanded. The value of slope will be the same throughout the line.

The price elasticity is the ratio of change in quantity to change in price. The price elasticity can be different for different points on the demand curve.

The points on the lower parts are more inelastic while the points on the upper portion are more elastic. The midpoint represents unit price elasticity.

Since the upper portion is more price elastic, an increase in price will cause a more than proportionate decrease in the quantity demanded. This will cause the total revenue to decrease.

3 0
3 years ago
Sam, a citizen of Tennessee, files a suit in a Tennessee state court against United Sales Corporation, a Wyoming company that do
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This cases are heard directly without any intermediary or appellate review.

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