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3 years ago

What are the advantages of collecting payment at the time of service?

1 answer:

8 0

Your business can make a profit but still not have enough cash on hand if you don’t collect payment at the time of service. At one given time, you may not have enough cash to pay your bills or payroll, Collecting payment at the time of service will ensure that you have enough cash coming in when you need to pay cash out.

The best example is hospitals. These days, insured patients are no longer allowed to walk out of the hospital without paying because of high administrative costs and low collection rates.

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Conrad wanted to offer high-quality meals in his restaurant. His motto was "the best darn meat and potatoes for miles

murzikaleks [220]

Given that Conrad's time of service delivery is slow, my advice to him would be that he has to address his quality and his service.

<h3>What is competitive advantage?</h3>

This term as it applies to the question has to do with the advantage that a business has over its competitors.

For Conrad to have this advantage they must try to serve their customers better and stop making them wait for too long.

Read more competitive advantage on here:

brainly.com/question/14030554

8 0

2 years ago

There are linkages between the microeconomic decisions made by managers and the macroeconomic environment. There are numerous ex

allochka39001 [22]

Answer:

One typical example of this linkage between the economy at the macroeconomic level, and business decisions at the macroeconomic and microeconomic level, is what happened with Lehman Brothers in 2008.

Explanation:

Lehman Brothers was one of the main investment banks in the United States. During the years prior to the financial crisis, Lehman Brothers decided to pursue a risky but profitable strategy of over leveraging -lending a lot more money than they had as deposits.

Once the financial crisis hit, a macroeconomic event, it affected the company at the macro and micro level. At the macro level because Lehman Brothers itself ceased to exist as it went bankrupt, and at the micro level, because it had to enter a process to pay off some debtors, and some of the employees who were laid off due to the dissolution of the firm.

4 0

2 years ago

Buying food to feed your family, a lawn mower to care for your lawn, or a car to drive yourself to work are purchases with what

Nata [24]

Answer:

Rational Motive

Explanation:

A rational motive is the willingness to make an action based on logical and rational criteria

4 0

2 years ago

What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the i

jarptica [38.1K]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Cash flow= $2,250

n= 4

i= 5%

Additional investment= $3,000

First, we need to calculate the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,250*[(1.05^4) - 1]} / 0.05

FV= 9,697.78 + 3,000

FV= $12,697.78

Now, the present value:

PV= FV/(1+i)^n

PV= 12,697.78/(1.05^4)

PV= $10,446.5

3 0

3 years ago

The Value of a Bond is tied to the Dividend rate. True or false

PilotLPTM [1.2K]

Answer: False. The Value of a Bond is not related to the Dividend rate.

Explanation:

Bond rates are inversely related with the interest rates in the market and not dividend rates. Bonds yield interest for the investment and not dividends. Dividends are paid for shares. Dividend rates affects the share price and not Bond value in the market.

The interest rates of the Bonds can be fixed rates or fluctuating rates. It depends on the type of the security issued. As the interest rates are fluctuating then the risk for the investors increase.

7 0

3 years ago