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3 years ago

What cost advantage does e-commerce offer businesses

1 answer:

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Small Business United Nations (UN) and Organization for Economic Cooperation and Development (OECD) Definition
Fewer than 500 employees

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Hunt Incorporated sold $209,000 of accounts receivable to Gannon Factors Inc. on a with recourse basis. Gannon assesses a 2% fin

pentagon [3]

Answer:

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

Explanation:

Journal entries

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

*7% X $209,000 =$14,630

*2% X $209,000 =$4,180+$12,100=$16,280

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3 years ago

Many cities in southeast Michigan are struggling with financial problems due to current economic conditions. At the same time, s

asambeis [7]

The best and most correct answer among the choices provided by the question is the third choice. The direct result of the problems is that <span>less city workers to plow the streets causing an increase in the number of car accidents during the winter months. </span>I hope my answer has come to your help. God bless and have a nice day ahead!

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3 years ago

Residual income is ____________.A. the difference between the net income the analyst expects the firm to generate and the requir

BARSIC [14]

Answer:

A. The difference between the net income the analyst expects the firm to generate and the required earnings of the firm.

Explanation:

Residual income measures an organisation's internal corporate performance by looking at the difference between the income geneated by the firm and the required minimum returns. It can be described as the excess of generated income over required earnings for the firm.

For personal Income, residual income represents the income an individual has left after deducting all personal expenses and all debts.

Based on the question, therefore, residual income will be the excess amount after a company's analysts' deduct the required earnings of the company from what the company generates.

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3 years ago

As we go from home operation to international operations, we can potentially receive a _______, but we can also see our ______ i

Snezhnost [94]

As we go from home operation to international operations, we can potentially receive a<u> </u><u>rise in our costs</u>, but we can also see our <u>profits </u>increase. This is about business expansion.

<h3>What is business expansion?</h3>

When a company reaches a certain point in its growth and starts looking for new ways to increase profits, that stage is known as business expansion.

Managing business growth or development is a challenge that successful firms and startups alike eventually encounter.

It is to be noted that while business expansion comes with possible potential increases in profit and net worth, incurring additional costs is a certainty.

Lean more about business expansion:
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1 year ago

Can you describe cody's current financial position as good average or poor

Slav-nsk [51]

The question was based on https://www.longbranch.k12.nj.us/cms/lib/NJ01001766/Centricity/Domain/661/Codys_Statement_of_Financi....

If we would divide the given facts into assets and liabilities the answer is poor. He went below because of his spendings.

Assets                          Liabilities
TV-                    250                         student loan      2600
Mp3 Player       200                         credit card 1          850    Laptop    750 credit card 2           1200    Game system   250           loan from parents 200 watch      200 truck 3200 Checking Account       560    Savings Account 1      945                                                                          Savings Account 2 3400                                                 TOTAL                 $ 6555           TOTAL            $8050                LOSS $-1495

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3 years ago