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Over [174]
3 years ago
8

A jewelry store promises to deliver custom-made wedding rings to a buyer within 2 weeks. However, it charges ten percent of the

sales price in advance. In this example, which of the following techniques is the store using to increase cash inflows? a.It is offering discounts to customers for prompt payment. b. It is taking deposits and progress payments. c. It is factoring all receivables d. It is taking on noncore paying projects
Business
1 answer:
Serggg [28]3 years ago
8 0

Answer:

The correct answer is letter "B": It is taking deposits and progress payments.

Explanation:

Advance deposits and progress payments are the amount of money taken by an organization as part of the total amount charged for a good or service that is going to be provided. It is a form of endorsement that proves the buyer has a real intention in acquiring the good or service but also helps the organization to have immediate cash flow to pay for expenses such as the raw material that will be used for production (in the case of a good).

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U.S. businesspeople are often accused of ethnocentricity. This means that
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Answer:

brainllest if right

This means that they are very superior or in a higher rank than others.

Explanation:

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3 years ago
Swan Finance Company, an accrual method taxpayer, requires all of its customers to carry credit life insurance. If a customer di
posledela

Answer:

Recognize an income/loan repayment of $1,300, and cancel the debt of $200 from the earlier recognition of income

Explanation:

Swan would only recognize an income/loan repayment of $1,300 having already recognized an initial income of $200 of the $1,500 owed before the death of the customer.

Accounting entries would be as follows.

Debit Bank account: $1,500

Credit income/loan repayment account: :1,300

Credit receivables: $200.

The credit of $200 in receivables would be treated as shown above due to the income of $200 already recognised and which would have been treated as follows when it was recognized,

Dr: receivables $200

Cr. interest earned $200,

7 0
3 years ago
Seven years ago, Eleanor transferred property she had used in her sole proprietorship to Blue
dusya [7]

Answer: dividend in amount of $260,000

Explanation:

3 0
3 years ago
​natural resource investment company and mega bank are secured parties with security interests in property owned by lng gas corp
gogolik [260]
<span>This is true in most circumstances. However, there might be a few odd circumstances in the mix where it is not true. But in most cases, filing or perfecting your security interests before the other party will ensure that you have priority. As a result, it is generally a good idea to be punctual regarding these matters.</span>
6 0
3 years ago
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed wh
Genrish500 [490]

Answer:

c. $1,740 F

Explanation:

The $\text{material quantity variance}$ is the measure of the $\text{difference}$ between the amount of materials that is used in actual for the production process and the amount of the material that was expected or estimated to be used in the production process.

It is given that the Snuggs Corporation applies the variable overhead on direct labor hour basis.

Therefore, the SQ = 2.8 ounces per unit x 1100 units =   3080 ounces

The materials quantity variance = (AQ - SQ) x SP

                                            = (2790 ounces - 3080 ounces) x $ 6 per ounce

                                            = (-290 ounces) x $ 6

                                            = $ 1740 F

4 0
3 years ago
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