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Anon25 [30]
3 years ago
15

A psychic claims he can predict the future. this is known as _____.

Business
1 answer:
aksik [14]3 years ago
4 0
This is known as PRECOGNITION.
In psychology, precognition is defined as the ability to perceive or see a future event before it happens by means of extrasensory perception. It is considered as a form of extrasensory perception because, it operates without recourse to the normal senses.
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A firm has forecasted sales of $4,500 in April, $3,000 in May, and $5,000 in June. All sales are on credit. 30% is collected in
Charra [1.4K]

Answer:

The $3,600 cash is collected in June

Explanation:

For computing the total cash collected in the June month, first, we have to find the sales of June and may which is based on the collection ratio which is given in the question.

June month collection = June sales × 30%

                                      = $5,000 × 30%

                                      = $1,500

In the question it is given that 30% is collected on June month and remaining i.e 70% collected in the May month or following month.

June month collection based on may sales = 70% × May sales

                                                                        = 70% × $3,000

                                                                        = $2,100

So, total cash collected in the June month is equal to

= June month collection + June month collection based on may sales

= $1,500 + $2,100

= $3,600

Hence, the $3,600 cash is collected in June

8 0
3 years ago
The approaches and activities of managers in short-run and long-run planning and control decisions that increase value for custo
Amiraneli [1.4K]

Answer:

C. Cost management

Explanation:

Cost management is a process or method  of reducing cost of operation or production expenses of the business  so as to provide cheaper  goods and/or services  to consumers.  

It helps a firm forecast future expenditures in other to achieve  their budgeting goals.

5 0
3 years ago
What is bad loan AND What are the indicators of bad loans
vovangra [49]

Answer:

indicators-Says It’s Okay to Fudge Some Numbers,Pressures You into a Bigger Loan,Doesn’t Consider Your Monthly Income,Doesn’t Disclose Documents,Promises One Thing, Delivers Another,Says It’s Okay to Leave or Sign Blank Forms,Doesn’t Provide Copies

Explanation:

liquidity, financial and behavioral. Liquidity is a symptom and not a cause of financial problems. Liquidity issues are a lagging indicator and the strongest signal of trouble

6 0
3 years ago
What role does savings play in the process of economic growth
matrenka [14]

Answer:

The role played by banks in the economic growth is that savings promote the generation of loans, and generate funds to new businesses.

Explanation:

Banks use the funds on the savings accounts to generate credits to other clients that might be persons or companies.

Suppose that you have $1000 dollars saved in your bank account. Then, your bank only needs to keep a deposit of the 10% from the $1000. This means to save $100 and use the rest $900 to generate credits to other customers.

The $900 remaining will be loan to individuals or companies to finance new  projects such as: Buying a car, house, invest in machinery or re design a branch from a cloth store.  

These projects boost economic growth as they move the economy with consumption, and investment.

6 0
3 years ago
On October 1, Kelly Company received $25,500 for six months of rent, in advance. Kelly credited Rent Revenue, which is an altern
Nikitich [7]

Answer: The effect will be that the results will be distorted by registering a gain in the incorrect period, since 3 months correspond to the current year, from October-December and the rest corresponds from January-March of the following year.

The correct way to record these 3 months is as a liability (deferred income) when the income is realized they are taken to the income statement.

7 0
3 years ago
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