Trade credit
Small firms may be able to get finance in the form of trade credit from their suppliers. Suppliers enable the company to obtain the products and services it requires and pay for them later or in installments.
<h3>What is the meaning of trade credit?</h3>
A business-to-business (B2B) agreement known as trade credit allows customers to make purchases of goods without paying in cash upfront and to make payments to suppliers at a later date. Businesses that use trade credits typically give customers 30, 60, or 90 days to make payment, with the transaction being documented by an invoice.
Trade credit can be compared to a form of 0% financing because it increases an organization's assets while deferring payment for a certain amount of products or services to the future and requires no interest payments throughout the repayment period.
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Answer:
Yes Gordon can sue Floors n' Mores for the settlement of the contract keeping in mind that Gordon has made partial completion of the contract. Full payment would be determined based on the completion of the total work in line withe the plans submitted when the contract was signed
Explanation:
In order to understand the scenario in case if Gordon wants to sue Floors n Mores they can only be compensated for the amount of project completion in line to the expectations that matches to Floors n More.
For Example if 75% of the work is in line with the expectation of Floors N More then Gordon should be paid total amount payable multiply by 75%.
Usually in such cases if the contract is fulfilled to certain extent it is preferred to close the contract based on the %age of completion because major reconstruction, buying of fixtures and furniture was executed. Hence major risks and rewards were transferred to Floors n Mores.
Answer:
<em>At year-end, companies that utilize accrual-based accounting systems complete the measurement process through</em><em> </em><em><u>posting</u></em><em><u> </u></em><em><u>of </u></em><em><u>adjusting</u></em><em><u> </u></em><em><u>entries</u></em>
Answer:
b. Asset management ratios
Explanation:
Asset management ratios -
It refers to the ratio of measuring and analyzing the management of the business in order to produce the sales , is referred to as the asset management ratios .
It basically determines that how effectively a certain firm is capable to manage its assets .
Hence , from the given scenario of the question ,
The correct answer is b. asset management ratios .
Answer:
Correct option is (b)
Explanation:
In business communication, when replying to a claim made by the customer, the sender should begin with the good news that customer's request is complied with. This should be done to gain the customer's confidence.
The customer might be looking forward to this in the reply and he will be happy to read that, thereby retaining the customer.
