Expanding your trade credit can increase your sales volume. More time to checkout increases a customer's purchasing power and the number of products they purchase extends trade credit to your customers.
Giving your customers extra time to pay their bills can bring many benefits to your small business. Offering credit to customers is a way to increase sales and provides consumers with payment flexibility. While there are benefits to extending a loan, there are also issues to be aware of.
Generate more sales. The number one reason to consider financing your customers is that it makes your business more attractive to customers. People often want to buy something if they can buy it on credit.
Credit means the right to defer or incur a debt and defer payment of a debt offered or granted primarily for personal, family, or household purposes.
Learn more about credit at
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Answer:
The correct answer is: The Railway Labor Act.
Explanation:
The Railway Labor Act is a U.S. federal law originally passed in 1926 to control labor relations in railroad and airline industries. The act also aims to replace the industry employees' strikes for bargaining, arbitration, and mediation in front of labor-related issues.
Answer:
a. the decision to engage in one activity means forgoing some other activity.
Explanation:
Opportunity cost is the cost incurred when an economic agent forgoes some other activities to engage in one activity.
Economic agents have to make choices because wants are unlimited and resources are limited.
Opportunity cost is also known as economic cost.
An example of opportunity cost : Assume a doctor leaves his job where he earns $500,000 per annum to start his own business where his accounting profit is $700,000. His Opportunity cost is $500,000.
I hope my answer helps you.
The answer is option "<span>d. 125; 75".
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Free market alludes to an economy where the legislature or government forces few or no confinements and directions on purchasers and sellers. In a free market, members figure out what items are created, how, when and where they are made, to whom they are offered, and at what value—all in light of free market activity.
Answer:
Issuance:
Cash 41,397.56 debit
Discount on BP 8,602.44 debit
Bonds Payable 50,000 credit
TRUE. At maturity the Bonds payable account will be debited to indicate the bonds were payed.
Explanation:
C 2,250.000
time 20
rate 0.06
PV $25,807.3227
Maturity 50,000.00
time 20.00
rate 0.06
PV 15,590.24
PV c $ 25,807.3227
PV m <u>$ 15,590.2363 </u>
Total $ 41,397.5591
