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3 years ago

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

1 answer:

8 0

<span>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. </span>

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

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when you cross or enter traffic from a full stop, how much space should you allow on city streets? on the highway?

alekssr [168]

You should leave 3 seconds of space between you and the vehicle ahead of you.

5 0

3 years ago

Whistle Corp. has a preferred stock that pays a dividend of $2.40. If you are willing to purchase the stock at $11, what is yo

kiruha [24]

Answer:

B. 21.8%

Explanation:

Cost of preference capital = $\frac{dividend}{price}\times100$

No adjustment of growth rate is done as the dividend on preference capital is constant and do not grow in normal conditions, that is it only differs in exceptional conditions.

therefore, in the given instance we have,

Dividend = $2.40

Current price = $11

Expected Return = $\frac{2.40}{11.00} \times 100$ = 21.8%

Thus correct option is

B. 21.8%

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3 years ago

Rob has just received a check for $32,595. This is a return from an investment that he made 18 years ago. He was told that the r

Grace [21]

The original investment that Rob made was $4,981 with the rate of interest of 11% per year for 18 years.

<h3 /><h3>What do you mean by present value?</h3>

Present value (PV) refers to the current price of a future amount of money or move of cash flows given a certain price of return. Future cash flows are discounted at the discount price, and the better the discount price, the lower the present price of the future cash flows.

As per the given information:

A: $32,595

P: ?

r: 11%

n = 18 years

$A=P(1+ \dfrac{r}{100} )^{n} \\\\32,595 = P(1+ 0.11)^{18} \\\\32,595 = P (1.11)^{18} \\\\32,595 = 6.5435P\\\\ P = \$4,981$

Therefore, The original investment that Rob made was $4,981 with a rate of interest of 11% per year for 18 years.

learn more about present value:

brainly.com/question/20813161

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3 0

2 years ago

2. Mr. Bryan will purchase gifts for his 6 sons,

aleksklad [387]

Answer:

810 for the sons' gifts.

Explanation:

You would ignore the information about the daughter, it's only placed there to confuse you. All you have to do is multiply 6 by 135.

3 0

3 years ago

In the price range where demand is inelastic, a decrease in price will result in a decrease in total revenue. True or False?

Kamila [148]

The answer is True
Explanation: N/A

5 0

3 years ago