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3 years ago

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

1 answer:

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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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On January 1, Alan King decided to transfer an amount from his checking account into an investment account that later will provi

const2013 [10]

Answer:

The requirement of the question is as below:

How much must Alan deposit on January 1? (Round your final answer to the nearest whole dollar amount.)

What is the interest for the four years? (Round your final answer to the nearest whole dollar amount.)

Alan deposit on January 1 is $ 58,802.39

Interest for four years is $21,197.61

Explanation:

The first is asking for today's worth of the investment,which is the amount to be invested,this can be computed using the present value as shown below:

PV=FV*(1+r)^-n

PV is the present value

FV is the worth of the investment in 4 years from now which is $80,000

r is the rate of return of 8%

n is the number of years of investment which is 4 years

PV=$80,000*(1+8%)^-4

PV=$80,0008(1+0.08)^-4

PV=$80,000*(1.08)^-4

PV =$ 58,802.39

interest for four years=FV-PV

interest for four years=$80,000-$ 58,802.39

=$21,197.61

4 0

3 years ago

In a process called __________, a customer visits a store to touch, feel, and even discuss a product's features with a sales ass

Lerok [7]

Answer:

b. showrooming

Explanation:

Showrooming is when a shopper visits a store to check out a product but then may eventually purchases the product online if there is a better deal.

This occurs because, while many people still prefer seeing and touching the merchandise they buy, many items are available at lower prices through online vendors. As such, local stores essentially become showrooms for online shoppers.

7 0

3 years ago

Describe in detail the goals you have for this unit. 2. describe how this unit will help you in your professional development .

egoroff_w [7]

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6 0

3 years ago

Software Riverside Company issued long-term debt of 410 paid dividends of 20 and issued capital stock of 100. Cash flow from fin

Mazyrski [523]

Answer:

Cash flow from from financing activities = $490

Explanation:

The cash flow from financing activities includes that entails any or a combination of the following; issuance and redemption of stocks , issuance and redemption of debts and payment of interest and/or dividend, and receipt of dividend and or interest.

Cash flow $

issue of long term debt 410

Cash dividend paid (20)

Capital stock issued 100

Net cash from financing activ. 490

Cash flow from from financing activities = $490

8 0

3 years ago

Due to the limited range of input and interaction among participants, few companies believe that a joint application development

grandymaker [24]

Answer:

It is false that Joint Application Development (JAD) group produces the best definition of a new system.

Explanation:

JAD group does not produce the best definition of a new system, here is why:

• JAD system incorporates participants with different opinions. Different opinions within the team make it difficult to align goals and maintain focus

• Depending on the size of the project, JAD may require a longer time that will put a strain on the execution of a project

• JAD is too expensive and can be cumbersome/difficult if group is too large

• JAD produces a details and information that is a tentative model not a complete development methodology.

5 0

3 years ago

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