Answer:
Accounts receivable
Explanation:
Accounts receivable is the money owed by a company to its debtors. They are usually legal payments for goods and services procured in credit without paying for them.
- The franchise is treated as the debtor in this deal.
- Miller is owed an account receivable of $18000
- A common example is water and electricity bills.
- Such goods are supplied before they are paid for.
Answer: Monopolistically competitive structure.
Explanation:
The restaurant industry as described in the question is a Monopolistically competitive structure. In the Monopolistically competitive structure different businesses offer a similar product for sale and they try to make their products unique and can set their prices without considering the price set by their competitors. The Monopolistically competitive structure is difficult market for new businesses to break into.
Answer:
Contractionary monetary policy usually results in:
- lower money supply
- higher interest rates
- lower inflation rates
- lower investment rates
- lower nominal gross domestic product
- higher unemployment
- decrease in consumer spending
- aggregate demand curve shifts to the left
You have access to online and Mobile banking ATM’s and the use of debit card.
