All categories

2 years ago

Difference between hire purchase and credit sales

1 answer:

5 0

Answer: A hire purchase is a system by which one pays for a thing in regular instalmentsinstallments while having the use of it.

A credit sale is a purchases made by customers for which payment is delayed.

You might be interested in

The term externalities refers to Select one: a. regulations imposed on a firm by government. b. a nation that is a trading partn

pogonyaev

Answer:

Option (c) is correct.

Explanation:

During an economic activity between the two parties, if the third party is affected (Positively or negatively) by this economic transaction then this is known as externality.

There are two types of externalities:

(i) Positive externality: When the third party is positively affected by an economic transaction between the two parties.

(ii) Negative externality: When the third party is negatively affected by an economic transaction between the two parties.

Now, suppose there is a steel manufacturing company for the consumers. But the people who lives near this company have to bear the cost of the pollution created by the company. This is a negative externality.

5 0

2 years ago

For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a

gulaghasi [49]

Answer:

The correct answer is:

a) Unrecorded deposits : bank addition

b) Interest on cash balance : book addition

c) Bank service charges : book subtraction

d) Debit memos : book subtraction

e) Outstanding Checks : bank subraction

f) Credit memos : book addition

g) NSF checks : book subtraction

Do unrecorded deposits require an adjusting journal entry? No

Does interest on cash balance require an adjusting journal entry? Yes

Do bank service charges require an adjusting journal entry? Yes

Do debit memos require an adjusting journal entry? Yes

Do outstanding checks require an adjusting journal entry? No

Do credit memos require an adjusting journal entry? Yes

Do NSF checks require an adjusting journal entry? Yes

8 0

3 years ago

Read 2 more answers

An advertiser wants to create ads that target potential customers in california. which targeting method should this advertiser u

PolarNik [594]

I believe the answer is Location Targeting.
Location targeting help advertisers to provide appropriate advertising that is relevant to the people that live in a certain location.
For example, an advertisement for sunblock products would be much more efficient if it's advertised to the people that live near the beach such as Miami.

5 0

3 years ago

Before you start to develop your résumé, what should you analyze?

Reil [10]

You need to analyze your personal achievements, or B. Without doing this, there is nothing to put on your resume.

4 0

3 years ago

Read 2 more answers

Financial risk management is a component of enterprise risk management (ERM). ERM encompasses the methods and procedures used by

KiRa [710]

Answer:

Business risk.

Explanation:

Business risk (uncertainty associated with the ability to forecast EBIT due to factors such as sales variability and operating leverage).

6 0

2 years ago