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Finger [1]
4 years ago
6

Bennett is a software engineer who starts his own website development firm. His friend, Callie, is the owner of a store that sel

ls office supplies. Bennett designs a new website for Callie's store in exchange for the necessary office supplies and equipment he needs for his business.
Which source of business funding does this scenario best illustrate?

A. mortgaging
B. bartering
C. factoring
D. liquidating
E. equity financing
Business
1 answer:
antoniya [11.8K]4 years ago
7 0

Answer:

B. Bartering

Explanation:

Bartering refers to transactions which do not involve any money exchange and are rather completed by the exchange of goods or services of similar value.

Bartering represents the most ancient kind of trade wherein no money was involved.

In the given case, a software engineer designs a new website for his friend for which he obtains office supplies and equipments in return instead of any payment. Herein, no payment is received by the engineer for the services rendered.

Rather, office equipments and supplies are received in consideration for the services rendered. This is a case of barter wherein goods are received in exchange for services.

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When the allowance method is used to account for uncollectible accounts, Bad Debts Expense is debited when A. a customer’s accou
MaRussiya [10]

Answer:

Option D. management estimates the amount of uncollectibles

Explanation:

When the company estimates the bad debts, reflects it in the balance sheet through a Debit entry in the Bad Debt Expenses againts the asset account Allowance for Doubtful Accounts as a Credit.

When the bad debt are confirm as uncollectible the loss is reflected in the Account Receivable as a Credit with the correspondent debit entry in the Allowance for Doubtful Accounts.    

7 0
3 years ago
Read this scenario, and then answer the question that follows. richard is excited to start his trucking business. after taking o
Damm [24]

Some potential economic consequences that Richard did not consider before making his decision are:

  • The cost of maintenance for used trucks.
  • The cost of gasoline from the town to the nearest city.
  • The location of the places that goods will be transported to and from.

<h3>What are economic considerations?</h3>

These are the factors that will affect the profitability and viability of a business.

In Richard's case, he needed to have considered various costs such as the higher cost of maintaining used trucks and the cost of gasoline that he will incur for living so far from big cities.

He also needs to consider the distance his trucks will have to travel to pick up good and deliver them.

Find out more on economic considerations at brainly.com/question/13721949.

#SPJ1

8 0
2 years ago
How does the law of diminishing marginal utility relate to law of demand?
HACTEHA [7]

Answer:

Explanation:

The law of diminishing marginal utility helps to explain the negative slope of the demand curve and the law of demand.If the satisfaction obtained from a good declines, then buyers are willing to pay a lower price, hence demand price is inversely related to quantity demanded, which is the law of demand.

3 0
3 years ago
How is a bond like a loan
Ostrovityanka [42]
Well a bond is a government loan where they take ur money and pay u back with interest usually low interest tho
7 0
3 years ago
which strategy for merging two distinct cultures is most effective when the two companies have relatively weak cultureswith over
nata0808 [166]

Answer:              

integration strategy                      

Explanation:

In simple words, integration strategy can be defined as a set of activities that are implemented by organisations for combining the activities and operations of the business without making any conflict or chaos during the merger.

In such a strategy both the companies that are merging their business tries to control several different aspects both quantitative and qualitative for example integrating the sully chain management and taking care of work place ethics and codes that run in both the organisations.

7 0
3 years ago
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