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dusya [7]
3 years ago
15

Joe needs display racks and cabinets to open his clothing store, but he doesn't have the money to pay for them right away. A sup

plier agrees to sell Joe the necessary equipment, lets him have them immediately, and allows Joe to pay for the goods over a six-month period. This is an example of_______________.
a. equity financing.
b. an initial public offering.
c. a mortgage.
d. venture capital.
e. a trade credit.
Business
1 answer:
zhuklara [117]3 years ago
5 0

Answer:

The correct answer is letter "E": a trade credit.

Explanation:

Trade credit implies a customer buying products from a seller that helps the purchaser to later pay for the goods. Essentially, the seller provides the buyer with a short-term loan. Typical terms of trade credit must be charged for <em>30 days</em>, but may also be <em>45, 60, 90, </em>or <em>180 days</em> in some situations.

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Selling the bonds at a premium has the effect of a. raising the effective interest rate above the stated interest rate b. causin
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3 years ago
As a result of a thorough physical inventory, Railway Company determined that it had inventory worth $180,000 at December 31. Th
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Answer:

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7 0
3 years ago
Under the sales comparison approach to valuation, a subject property has 3 bedrooms, two bathrooms and is on a golf course. The
kondaur [170]

Answer:

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