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Finger [1]
3 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]3 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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A real estate loan where a homeowner receives monthly payments based on accumulated equity rather than a lump sum and is repaid
ivanzaharov [21]

Answer:

reverse annuity mortgage

Explanation:

The term that is being described is known as a reverse annuity mortgage. Like defined in the question, this is a loan that allows you to cash in some of your home's equity without actually needing to sell the entire real estate property and move out of your home. Instead the loan is secured against the value of your home and monthly payments are paid to the owner that asked for the loan.

6 0
3 years ago
Blue Ridge Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing 43,000 parts is $140,
kifflom [539]

Answer:

$71,000

Explanation:

The computation of operating income is shown below:-

Total costs if company bought = Cost of production × Outside supplier per unit) + (Fixed cost × Remaining percentage)

= (43,000 × $3.80) + ($68,000 × (100% - 30%))

= (43,000 × $3.80) + ($68,000 × 70%)

= $163,400 + $47,600

= $211,000

Loss in Income if part is bought = Total costs if company bought - Total costs originally

= $211,000 - $140,000

= $71,000

Therefore, Making profit will be more by $71,000 and for computing the Loss in Income if part is bought we simply applied the above formula.

8 0
3 years ago
What is the difference between a savings account and a certificate of deposit?
Alecsey [184]
A savings account you can redraw from, while a certificate of deposite has to be left alone for a certain while, and it ussually gains more interest.
6 0
3 years ago
uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost for
OLga [1]

Answer:

$11,026 Favorable

Explanation:

The computation of the  spending variance for plane operating costs in November is shown below:

= Budgeted cost -  Actual cost

= [(84 × $3,160) + (252 × $18) + $593,00] - $318,250

= $329,276 - $318,250

= $11,026 Favorable

5 0
3 years ago
Are leadership and management the same thing?
Fiesta28 [93]
No I think that in order to be a management you have to be a leader. If your a manager then your leading your employees if your not a leader you can’t properly do the manager job.
8 0
3 years ago
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