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
kifflom [539]
3 years ago
8

First, spend a couple of sentences summarizing the Concepts in Action video you watched this week. Then, answer the following. I

n the Concepts in Action video you watched this week, the speaker mention that for a small business, having payment terms is like using "free money" for a while. What do you think this means
Business
1 answer:
Masja [62]3 years ago
6 0

Answer with its Explanation:

Free Money means the money that has to be paid back to the money lender within a reasonable time. The money lender usually is a trader who sells his product at credit allowing his customer a reasonable period to payback. Furthermore, the free money is termed free because they are interest free lendings.

In real life, free money is can be availed by purchasing products from the suppliers if you are acting as a middle man in the distribution channel or you are a small customer and your borrowings doesn't impact the supplier. Almost all of the businesses lend free money in the form of products because allowing credit increases the sales of the organizations.

You might be interested in
Define diverse nation
patriot [66]
The concept of diversity encompasses acceptance and respect. As a nation, we try to understand one's individuality and recognizing one's differences.

Hopes this helped.

~Bob Ross® 
3 0
3 years ago
What are the five C's of the marketing mix?
klemol [59]

Answer:

Company, Customers, Competitors, Collaborators, and Climate.

Explanation:

I belive that this is what you would like but if its not, just leave a comment and I'll try to help out.

If this is right, please leave a thank you or a Brainliest to help me out

4 0
3 years ago
Read 2 more answers
DEFINE visible trade and invisible trade​
Andreyy89

Answer:

visible trade in economics, exchange of physically tangible goods between country involving import and export it is distinguished from invisible trade

6 0
2 years ago
Market failure occurs when a free market is unable to
Leokris [45]
Market failure occurs when a free market is unable to A) distribute resources efficiently.
6 0
3 years ago
Read 2 more answers
On October 1, year 1, Kirby Corp. purchased equipment for $100,000. The equipment has a useful life of 5 years with no residual
NNADVOKAT [17]

Answer:

5000 partial depreciation

Explanation:

straight line formula is = <u>cost  - scrape value</u>

                                          useful life in years

since there is no residual value (scrape value) therefore, we divide <u>100,000 </u>

                                                                                                                     5        

the answer we get 20000 per year depreciation. but the equipment is bought on 1st oct, and if assume that the year ends on Dec, 31 so  it is measure for 3 month depreciation which is 5000.                                                                                                                                                                                                                                                                                            

4 0
3 years ago
Other questions:
  • Mickey built his lemonade stand out of $75,000 worth of plywood and paint. He uses $2.25 of lemons, sugar and water to make his
    13·1 answer
  • After two of Mary's colleagues were laid off from their jobs for no specific reason, Mary started looking for a better job. In t
    10·1 answer
  • You bake a cake for a friend's party, and the friend pays you for it. This makes you a _____________. (Select the best answer.)
    9·1 answer
  • During January 2016, Wells Corporation purchased $200,000 of inventory; they paid one-fourth in cash, and signed a note for the
    8·1 answer
  • Sales decline in the decline stage of the PLC because of technological advances, shifts in consumer tastes and preferences, and
    9·1 answer
  • You have $11,000 and will invest the money at an interest rate of .33 percent per month until the account is worth $17,200. How
    5·1 answer
  • What is the normal balance for the allowance for doubtful accounts (debit or credit), and why?
    6·1 answer
  • Which of the following is an advantage that shopping at a physical store has over shopping online?
    5·1 answer
  • Journalize the following transactions, using the allowance method of accounting for uncollectible receivables
    10·1 answer
  • The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were origina
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!