Answer:
This allows WeBuy&Sell.com to earn high profits at a very low cost. According to the given scenario, WeBuy&Sell.com has high scalability.
Explanation:
In an economic context, a scalable business model implies that a company can increase sales given increased resources.
Market Economy system does not contain provisions for taking care of people in the event they are not able to take care of themselves.
A marketplace economic system is an financial machine wherein two forces, known as supply and call for direct the production of products and offerings. marketplace economies aren't managed with the aid of a central authority like a government and are instead primarily based on voluntary change.
In a Centrally planned economic system, also called a command economy, the crucial government controls the factors of manufacturing and solutions the three simple economic questions for all of society. two systems frequently stated while centrally deliberate economies are mentioned are socialism and communism.
Learn more about market economy here
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Answer:
The journal entry to record this note collection carried out by the bank should be:
Dr Cash 21,200
Cr Notes receivable 20,000
Cr Interest revenue 1,200
Explanation:
Notes receivable is an asset account and it probably represented a sale made on credit by the company, so when it was collected, the amount should decrease and that is done by crediting it.
On the other hand, since only $20,000 belonged to the note, the rest ($1,200) must be recorded as interest revenue. Revenues are always credited.
Full question(find attached) :
Faiz would like to illustrate the commission savings delivered by a payment app compared with a credit card. He decides to use a company that has a monthly sales volume of $50,000 delivered over 100 equal transactions.
From the information available, what is the difference between the payment app with the lowest charge, compared with a credit card charge?
A) $575
B) $1200
C) $1050
D) $480
E) $1237
Answer and Explanation:
Credit card processing firms charge an average of 3.5% and a flat fee of about 20 cents so we would make our comparison on this basis:
Since Faiz decides to use a company that has a monthly sales volume of $50,000 delivered over 100 equal transactions
The customer would pay $50000/100= $500 per instalment
Given the information I'm the table from question Instant wallet charges 3.5% +$0.20 for transactions lower than $1500
= 0.035*$500+$0.20=17.5+0.20=$17.7
An average credit card processing firms would charge :
0.035*500+$0.35=17.5+0.35= $17.85
Therefore instant wallet is cheaper and would save a customer =$17.85-17.7= $0.15
Answer:
CPI= 1.25 THE PROJECT FINANCE PERFORMANCE IS GOOD SO FAR
Explanation:
To know the efficiency of the use of financial resources in the project so far we need to know the Cost Performance Index (CPI)
CPI =EV/AC
EV =$50,000
AC=$40,000
CPI =$50000/$40000
CPI = 1.25
So for every dollar you use 1.25 dollars is made this means the project so far is a efficient
