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3 years ago

Which is the best option for people who need the items immediately but cannot pay cash now?

Business

2 answers:

professor190 [17]3 years ago

7 0

<h2>Answer</h2>

Buy on Credit

<h3>Explanation</h3>

When in a liquidity problem and items have to be bought, buying on credit seems to be the best option. Buying on credit allows immediate ownership of required items whereas the money can be paid later as per the credit policy and terms. This permits the consumer to take the advantage of item ownership with delayed payment hence double advantage.

CaHeK987 [17]3 years ago

5 0

choosing installment plans for both items.

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The greatest challenge for journalism organizations today is

balu736 [363]

<span>Actually journalism organizations greatest challenge in todays commercial world is to tackle powerfull peoples threats against them in any of the forms to defame them or to destroy their business in turn affect the families of people working in journalism and then mainly treathning calls and messages from terror related groups and finally it's the overall social media, print media and visual media's big competitions.</span>

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4 years ago

Under the terms of his salary agreement, president Steve Walters has an option of receiving either an immediate bonus of $71,500

Semenov [28]

Answer: Walters should accept the immediate bonus of $71,500. See explanation below.

Explanation: In order to determine the better form of settlement, we will have to calculate the present value of $91,000 payable in 10 years, at a 4% interest rate and compare the answer with $71,500.

The formula for calculating present value (PV) is given as:

PV = C/(1 + r)^n

Where;

C = amount of money payable ($91,000)

r = percentage interest rate (4%)

n = number of years (10 years)

PV = 91,000/(1 + 0.04)^10

PV = 91,000/(1.04)^10

PV = 91,000/1.48

PV = 61,486.486

Therefore, the present value of $91,000 payable in 10 years at a 4% interest rate is approximately $61,486.50. This value is lesser than $71,500.

Hence, the form of settlement that Walters should accept is an immediate bonus of $71,500.

3 0

3 years ago

For the year ending December 31, Beard Clinical Supplies Co. mistakenly omitted adjusting entries for (1) $7,620 of unearned rev

Svetradugi [14.3K]

Answer:

See explanation section

Explanation:

Since Beard Clinical Supplies Co. omitted adjusting entries that leads to either decrease or increase in the revenues, expenses, and net income.

Transactions 1 and 2 are related to Revenue.

Transaction 3 is related to Expenses.

All transactions are related to Net Income.

Journal entry will help to determine the effect.

Transaction - 1: Unearned Revenue (Debit) - $7,620

Service Revenue (Credit) - $7,620

Transaction - 2: Accounts Receivable (Debit) - $10,480

Service Revenue (Credit) - $10,480

Transaction - 3: Wages expense (Debit) - $5,950

Wages Payable (Credit) - $5,950

A) Revenue = Transaction (1 + 2) = $7,620 + 10,480 = $18,100 was missing. It means revenues were understated (decreased) by $18,100.

B) Expenses = Transaction 3 = $5,950. It was understated also.

C) Net Income = $18,100 - 5,950 = $12,150. Therefore, Net income was also understated.

8 0

4 years ago

What benefit does a 401(k) plan provide over an IRA?

svetoff [14.1K]

Hello,

Your brainliest answer would be:

A benefit of 401k It is Less of investment risk.

Plz mark me brainliest!

Hope this helps!

5 0

3 years ago

Read 2 more answers

Assume that in 2015, the first edition of a comic book was sold at auction for $1,920,000. the comic book was originally sold in

alina1380 [7]

Let
x------------------- > cost comic book sold in 1942--------------> <span>$1,920,000
</span>y------------------- > cost comic book sold in 2015--------------> $0.09
t------------------ > time---------------> (2015-1942)= 73 years
z-----------------> average increase per year

we know that
<span>z={[(x-y)/y]/t}*100
</span>then

z={[(1920000-0.09)/0.09]/73}*100=29,223,743 %

the answer is 29,223,743 %

4 0

3 years ago