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vovangra [49]
4 years ago
8

Jerry is the owner of Tennessee's Treasures, a very successful framing and gift store. Suppliers are anxious to place inventory

in Jerry's retail outlet. Some have offered to supply Jerry with their merchandise now, but will not require Jerry to send a payment for up to 60 days. These suppliers are allowing Jerry to take advantage of _______ credit.
Business
1 answer:
34kurt4 years ago
5 0

Answer:

Trade credit

Explanation:

Trade credit is an agreement between two businesses where the supplier agrees to supply goods to a trader and collect payments later. There is no payment at the delivery of the products, but the supplier allows for later payments.

Trade credit allows traders to sell the product at first, deduct profits from the revenue and pay the supplier later. Trade credit can harm a business if the credit aspect is expensive. Should the trader negotiate for good credit terms, then trade credit is a viable option for inventory purchases.

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Answer and Explanation:

The answer is attached below

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3 years ago
How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competiti
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Quick Computing currently sells 10 million computer chips each year at a price of $20 per chip. It is about to introduce a new c
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Answer:

Annual cashflow for the decision= $162  million

Explanation:

The proper cashflow would be determined as follows:

Contribution per unit = Sales price - variable cost

Contribution per unit of new chip  = 25-8 = $17 per unit

Contribution per unit of old chip = 20 - 6 = 14 per unit.

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<em>lost Contribution from the old  chip = contribution per unit × lost annual sales in unit</em>

Lost contribution  from old chip= $14 × 3 million unit = $42 million

Note that the lost contribution is an opportunity cost occasioned as a result of the introducing the new chip, hence the contribution should be deducted

Annual cashflow for the decision= $204  million -$42 million  = $162  million

Annual cashflow for the decision= $162  million

4 0
3 years ago
5. What is the incentive for saving?
m_a_m_a [10]

Answer:

For future benefits

Explanation:

Through saving when one is in need of money they can use it to satisfy their wants

8 0
3 years ago
A hunger-relief organization has earmarked between $2 million and $3.5 million (inclusive) for aid to two African countries, Cou
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Explanation:

It is clear that the yield in country B is higher than that of country A, although country A could sometimes receive more money, since it moves in a range, while country B always receives the same amount, the key factor is to measure the cost of performance that each country has, that is, just knowing the performance is not enough to make a decision, it is necessary to make a social assessment of projects that although not financial should be evaluated from the costs of generating such profitability.

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4 years ago
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