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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.

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"If a speaker were giving an informative speech to a group with a kinesthetic learning style, he would do well to include a numb
gtnhenbr [62]
"If a speaker were giving an informative speech to a group with a kinesthetic learning style, he would do well to include a number of hands on activities in his speech."
Kinesthetic learning provides ways for the audience to do something in their seats, rather than listening to a lecture or watching a demonstration. You can create an activity by pairing two people together (sitting next to each other).
5 0
4 years ago
Business collected S6,600 rent in advance on July 1. Accountant record the journal entry for this collected amount on July 1. Th
suter [353]

Answer:

This is correct

Explanation:

There will be two entries. One at the time of receiving cash on 1st July . That would be

Cash. B. $6600 (debit)

Unearned Rent Revenue. $ 6600 (credit)

On 31st Dec an adjusting entry would be made . The rent for 6 months will be calculated which will be as given above.

Rent for 6 months = ( 6,600/12 )* 6= $ 3,300

The entry will be

Unearned Rent Revenue $3,300 (debit)

Rent Revenue $ 3,300 (credit)

$ 3300 will be deducted from the current liabilities on the credit side.

Rent Revenue of $3300 will be added on the credit side of the income statement.

3 0
4 years ago
Assume the world market for oil is competitive and that the marginal cost of producing another barrel of oil is $79.40 and the m
Alona [7]

Answer:

b. Increase by $2.20

Explanation:

Economic Surplus is the total benefit to society from production.

If an additional unit is produced the additional cost will be $79.40 and it will the additional benefit of $81.60.

So the surplus = benefit - cost = $81.60 - $79.40 = $.2.20

They are marginal quantities (change made by additional unit) so everything has been taken into account for the deriving of change to surplus.

3 0
3 years ago
The Safe-T Airbag Company manufactures airbags that are used in automobiles. Fly Motor Company manufactures automobiles in which
melamori03 [73]

Answer:

(A)Requirements Contract

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A requirements contract is defined as a contract in which one party agrees to supply as much good/service as desired by the other party. In exchange, the other party implicitly promises that it will obtain its goods or services exclusively from the first party.

Since Fly Motor Company agrees to purchase all the airbags it will need from Safe-T. Airbag company, the requirement of exclusive purchase is satisfied.

6 0
4 years ago
chase lives in oregon but works for a company in florida. what business trend is this an example of?
xxTIMURxx [149]
Remote Workforce. Apex:)
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3 years ago
Read 2 more answers
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