Which of the following is the best example

Drag each tile to the correct box.

Fittoniya [83]

Answer:

Convenience checks: consumers use these to reduce their available credit in exchange for cash.

Installment loan: consumers make recurring fixed payments.

Introductory interest free: consumers can enjoy a set period of zero interest credit.

Revolving credit: consumers borrow an amount that they don’t have to pay off by a specific date.

Explanation:

In Business, credit can be defined as money or a loan facility agreed upon by a lender and a borrower, who is obligated to repay the lender at a specified date mostly with interest depending on the terms and conditions.

Credit generally decreases assets or increases liabilities and equity on the balance sheet of an organization.

3 0

3 years ago

What is an allocation of scarce resources using some method other than price a. Rationing c. Spillover Costs b. Supply Shock d.

Lerok [7]

The answer for this question would be A) Rationing or the first option.

4 0

3 years ago

Read 2 more answers

The communication process begins with a(n) ______, the person who ______ a message.

goblinko [34]

The communication process begins with a(n) sender, the person who receives a message.

<h3>What are the parts of communication?</h3>

Sender. who is conveying the message
Receiver. the recipient of the message
Message: The details the sender is communicating to the recipient
Communicating channel: The technique utilized to send a message
Decoding: Interpreting the message, done by the receiver
Feedback: When appropriate, feedback is a reply provided back to the sender.

A thorough knowledge of each of these topics is crucial for the sender. For instance, the channel and informational style may differ depending on the receiver's identification. Smart messaging also requires an understanding of how messages are decoded.

To learn more about communication from given link

brainly.com/question/26152499

#SPJ4

5 0

2 years ago

Nelson Company experienced the following transactions during Year 1, its first year in operation. 1. Acquired $8200 cash by issu

Lyrx [107]

Answer:

$2350.

Explanation:

The computation of the net income is shown below:

= Service revenue - operating expenses

= $4,500 - $2,150

= $2,350

The other items are related to the retained earning account, assets account, stockholder equity account. So, these items should not be considered in the computation part. Hence, ignored it

6 0

3 years ago

Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 3/10, n/60 and an

saveliy_v [14]

Answer:

Santa Fe Retailing ( Buyer )

(a) the purchase,

Merchandise $24,900 (debit)

Account Payable - Mesa Wholesalers $24,900 (credit)

Being Recognition of Merchandise Purchased

(b) cash payment within the discount period,

Account Payable - Mesa Wholesalers $24,153 (debit)

Cash $24,153 (credit)

Being Recognition of Payment Made

(c) cash payment after the discount period

Account Payable - Mesa Wholesalers $24,900 (debit)

Cash $24,900 (credit)

Being Recognition of Payment Made

Mesa Wholesalers ( Seller)

(a) the purchase,

Trade Receivable - Santa Fe Retailing $ 24,900 (debit)

Revenue $ 24,900 (credit)

Being recognition of Revenue on Sale

Cost of Sales $16,982 (debit)

Merchandise $16,982 (credit)

Being recognition of Cost of Sale

(b) cash payment within the discount period,

Cash $24,153 (debit)

Trade Receivable - Santa Fe Retailing $24,153 (credit)

Being Recognition of Payment Received

Discount Allowed $747 (debit)

Trade Receivable - Santa Fe Retailing $747 (credit)

Being Recognition of Discount Granted to Customer

(c) cash payment after the discount period

Cash $24,900 (debit)

Trade Receivable - Santa Fe Retailing $24,900 (credit)

Being Recognition of Payment Received

Explanation:

Santa Fe Retailing ( Buyer )

Buyer Recognizes Assets of Merchandise purchased and de-recognise cash when payment is made

Mesa Wholesalers ( Seller)

Seller Recognises revenue and Cost of Sale on the date of Sale

Seller also recognise Cash Receipts and Discount Allowed Expense (whenever payment is made within 10 days as in our case)

7 0

3 years ago