1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
On January 1, Jim Shorts Corporation issued $300 million face value bonds for $580 million. During the same year, $1,500,000 of
ankoles [38]

Answer: a deduction from net income of $1,500,000.

Explanation:

Based on the statements provided in the question, it should be noted that Jim Shorts Corporation should report a deduction from net income of $1,500,000 on the statement of cash flows prepared by the indirect method.

It should be noted that the caah flow statement would start the accrual basis of the net income under an indirect method of the cash flow and then, all the non-cash items would either be added or subtracted in order for the reconciliation of account.

8 0
3 years ago
Adam was unable to finish high school because he needed to go to work to help his family financially. what type of influence doe
juin [17]

Adam was unable to finish high school because he needed to go to work to help his family financially. This forms a Non-formative type of influence

This is further explained below.

<h3>What is a Non-formative type of influence?</h3>

Generally, The term "nonnormative effects" refers to those that do not affect each member of a set in the same manner. Nonnormative suggests it does not affect everyone in the same way in the culture, while normative suggests it does (or not at all).

In conclusion,  Adam dropped out of school before he could graduate from high school because he had to start earning money to support his family. This is an example of a non-formative impact.

Read more about the Non-formative type of influence

brainly.com/question/6912636

#SPJ1

4 0
2 years ago
Someone who wants credentials in skilled training, but in less time than a four- year degree should consider...
Pavlova-9 [17]

Answer:

Career or technical education.

Explanation:

Someone who wants credentials in skilled training, but in less time than a four- year degree should consider Career or technical education.

A technical education course is solely based on providing skilled training which will help the student to learn the practicalities in a shorter period of time.

They are focused on a specific kind of skilled training which you can use in your career. Technical education is also known by the name of a diploma which can be completed in a period of 2 years or even in a period of months.

4 0
3 years ago
After reading the new account insert in his monthly​ statement, Tony Mercadante determined that the FDIC considers a joint accou
yarga [219]

Answer: Please refer to Explanation

Explanation:

According to the Federal Deposit Insurance Corporation, the limit to the amount a person can be insured for is, $250,000 per depositor, per insured bank.

That means that Tony's account at a balance of $120,712 is covered completely as it is well below $250,000.

Their Joint account is also completely covered at $60,099.

Cynthia however does not have complete coverage as her bank account exceeds to the coverage limit by $3,629 which will not be covered.

Should be noted that should she transfer this excess to the joint account then she should be fully covered.

5 0
3 years ago
What are 3 categories of soft skills?
dimaraw [331]
Personal, social and methodical skills
5 0
3 years ago
Read 2 more answers
Other questions:
  • ​________ is defined as the extent to which your authority is accepted on grounds of​ competence, vision, or other qualities. A.
    7·2 answers
  • The Federal Reserve can: A. simultaneously set any money supply and any nominal interest rate target. B. set the target money su
    10·1 answer
  • The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta
    6·1 answer
  • Jow to make a stamp home made
    9·1 answer
  • Welfare analysis: Basic conceptsIdentify whether each of the following statements best illustrates the concept of consumer surpl
    9·1 answer
  • Explain the type of data the following scenario describes.
    7·1 answer
  • Jolly Company wants to have​ 10% of the next​ quarter's sales in units on hand at the end of each quarter. Inventory at the begi
    9·1 answer
  • Dufner Co. issued 14-year bonds one year ago at a coupon rate of 7.9 percent. The bonds make semiannual payments. If the YTM on
    5·1 answer
  • The two primary competitive levers that managers can use in order to answer the question of how to compete are.
    15·1 answer
  • Shareholders in a management company have all of the following rights except the right to vote: a to change the investment objec
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!