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Ulleksa [173]
4 years ago
15

Silven industries, which manufactures and sells a highly successful line of summer lotions and insect repellents, has decided to

diversify in order to stabilize sales throughout the year. a natural area for the company to consider is the production of winter lotions and creams to prevent dry and chapped skin
Business
1 answer:
Romashka-Z-Leto [24]4 years ago
5 0
<span>Yes, it would be a natural progression for Silven Industries to diversify by entering into the production of seasonal products.They already have the expertise in the summer production line, so it just follows suit to now go in the direction of winter products.</span>
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If the note receivable is due within a year, then it is treated as a current asset on the balance sheet. If it is not due until a date that is more than one year in the future, then it is treated as a non-current asset on the balance sheet.

Often, a business will allow customers to convert their overdue accounts (the business’ accounts receivable) into notes receivable. By doing so, the debtor typically benefits by having more time to pay.

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