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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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Based on this model, households earn income when (household/firms) purchase (factors/goods and services) in factor markets.

aalyn [17]

The model shows that households earn money when <u>Firms </u>purchase <u>Factors </u>in factor markets.

<h3>Interaction between the Household and a Firm </h3>

Households buy goods from firms thereby passing income to firms.
Firms buy labor from households.

Households therefore earn an income when firms decide to go to the factor market and buy a factor such as labor from households.

In conclusions, households and firms are interconnected.

Find out more on this interaction at brainly.com/question/1433471.

5 0

3 years ago

The following accounts have normal credit balances? a. liabilities b. revenues c. assets d. all of the listed accounts have a no

Mademuasel [1]

So the correct option is D, Because increases in any account are often bigger than losses, accounts with normal balances are on the side where increases go. As a result, the owner's drawing, spending, and asset accounts typically have negative balances. Accounts for liabilities, income, and owner capital typically have credit balances.

What is Financial Statement?
Financial statements are written documents that convey the business activities and the financial performance of a corporation. The balance sheet, income statement, statement of cash flow, and statement of changes in equity are the four primary financial statements for for-profit entities. Nonprofit organizations employ a comparable but different set of financial statements.

To learn more about Financial Statement
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7 0

2 years ago

A manufacturer can produce at most 140 units of a certain product each year. The demand equation for the product is pequalsq squ

Leokris [45]

Answer:

As it can sale up to 140 it should sale 140 units

Explanation:

P = Q^2 - 100Q + 4800

C = 2/3Q^2 -30Q + 15,000Q^-1

Profit per unit P - C = (1/3Q^2 -70Q + 4800 - 15000Q^-1)

Total Profit Profit per unit x Q

1/3Q^3 - 70Q^2 + 4800Q - 15000

As this is a third degree equation the profit scalates therefore the company should sale as much as possibley can to make profit

As it can sale up to 140 it should sale 140 units

Also if we try to detemrinate the point at which Marginal revenue matches Marginal cost:

Revenue

P x Q = (Q^2 - 100Q + 4800) x Q = Q^3 - 100Q^2 + 4800Q

marginal Revenue (slope of the revenue funciton)

3Q^2-200Q+4,800

Cost

C x Q = (2/3Q^2 -30Q + 15,000Q^-1)* Q = 2/3Q^3 -30Q^2 + 15,000

Marginal Cost (slope of the cost function)

2Q^2 - 60Q

Marginal Revenue = Marginal Cost

3Q^2-200Q+4,800 = 2Q^2 - 60Q

Q^2 -140Q + 4800 = 0

When solving with the quadratic formula for the root (profit maximization point we notice the isn't a solution thus It cannot be solved which enhance the previous point that there isn't a profit maximization point in this assignment.

6 0

3 years ago

Bull'sEye sells gift cards redeemable for Bull'sEye products either in-store or online. During 2016, Bull'sEye sold $2,000,000 o

alekssr [168]

Answer:

b) $1,950,000

Explanation:

Value of gift cards redeemed with those whose date of redemption has passed, will both have the amount to revenue out of $2,000,000 of the gift cards sold.

Total gift card revenue to be recognized in 2016 = $1,800,000 + $150,000

Total gift card revenue to be recognized in 2016 = $1,950,000

4 0

3 years ago

Comparing and contrasting sets of data in order to rank them and make a decision best defines _____.

Murrr4er [49]

Comparing and contrasting sets of data in order to rank them and make a decisions best defines as evaluation. In evaluation, you need to rank your employees for the compensation or salary increase that they will receive. The most performer will receive the biggest increase since he has done bigger.

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3 years ago

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