Answer:
Land contract
Explanation:
Land contract is the agreement or the contract among the seller and the buyer of the real property in which the seller provides or offer the buyer option of financing in the purchase and the buyer repay the amount in the resulting loan which is in installments.
In this contract, the seller retain or have the legal title of the property, while allows the buyer to take the possession of the property for the most of the purposes other than the legal ownership.
If the title does not pass until the payment in full is made, then it is a land contract.
A larger company can benefit from <em>economies of scale</em>, meaning they can get discounts by purchasing and producing in bulk which a smaller company wouldn't have the ability to do. A larger store also has the potential for higher revenue because they have more goods and services to sell.
The correct answer would be 2.)chain stores.
Answer:
Date Account Title Debit Credit
Aug-06 Inventory $5,720
(52 * $110)
Accounts Payable $5,720
Aug-07 Inventory $310
Cash $310
Aug-10 Accounts Payable $770
(7 * $110
)
Inventory $770
Aug-14 Accounts Payable $4,950
Inventory $99
Cash $4,851
Aug-23 Accounts Receivable $4,160
(
32*$130)
Sales revenue $4,160
Aug-23 Cost of goods sold $3,670
Inventory $ 3,670
According to one source from the internet, the cross-border sales is projected to top $450 within the next 5 years. Cross-border trade is the process of buying and selling of products, selling goods and services between business domestically or in the neighborhood countries.
