All categories

2 years ago

Describe the three different times cash can be received from a customer related to earning revenue.

Business

1 answer:

Lunna [17]2 years ago

6 0

Cash can be received by a customer in many ways.

Through credit terms

cheque payments

cash transactions

You might be interested in

Why do you think L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences?

postnew [5]

Answer:

(Note please, the background of L.L. Bean was not stated. I am answering on a general note.)

L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences so as to save time needed to consult superior authorities for directions.

Explanation:

In the course of business, some customers might have needs and inquiries that have to be responded to on the spot so that they do not lose their patience and move to other competitors.

When an organization empowers its employees to make independent decisions that might affect the company financially, it is in a bid to serve the customers better by saving their time. This also instills trust and confidence in the company because the employees are knowledgeable of their services.

4 0

3 years ago

Life insurance companies like Prudential hope to get you to worry about how your loved ones will provide for themselves once you

Stels [109]

Answer:

Fear appeal.

Explanation:

In this scenario, Life insurance companies like Prudential hope to get you to worry about how your loved ones will provide for themselves once you have passed away. In order to buttress their point, they paint a very gloomy picture of the possible consequences of not having life insurance, and they make a point of recommending that you act immediately because you never know when it is going to be too late. This is an example of a fear appeal.

A fear appeal can be defined as the act of persuading potential customers to change a risky behavior by highlighting adverse or negative consequences that may arise if they do not subscribe to a service or use a particular product. The main purpose of a fear appeal is to cajole people into buying a product or using a service by using their fears as a motivation.

7 0

3 years ago

Margot's Deli Company has the following information for July. Cost of materials placed in production $30,000 Direct labor 25,000

matrenka [14]

Answer:

cost of goods manufactured= $68,400

Explanation:

Giving the following information:

Cost of materials placed in production $30,000

Direct labor 25,000

Factory overhead 14,000

Work in process inventory, July 1 2,900

Work in process inventory, July 31 3,500

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

<u></u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 2,900 + 30,000 + 25,000 + 14,000 - 3,500

cost of goods manufactured= $68,400

8 0

2 years ago

Need help with this question asap plz

wariber [46]

The correct answer is the second one: It made it illegal to imprison people unless they were convicted of a crime.

I hope this helps.

5 0

3 years ago

Lein's net income is $200,000 and its operating cash flows are $240,000. The company reports total assets of $1.6 million and $1

yarga [219]

Answer:

14.1%

Explanation:

Cash return on assets is the ratio of a company's operating cash flow to its average total assets. It shows how a company is generating cash flow from its assets and compares a company’s profitability with other companies.

Cash return on assets = operating cash flow / average total assets

Given that:

operating cash flows = $240,000

Average total assets = ($1.6 million + $1.8 million) / 2 = $1.7 million.

Therefore, Cash return on assets = $240000 / $1.7 million = 0.141 = 14.1%

6 0

2 years ago