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3 years ago

Small businesses selling on credit find that:

Business

1 answer:

Mamont248 [21]3 years ago

3 0

Answer:

b. it is expensive and requires a great deal of effort.

Explanation:

selling on credit is basically lending money to customers and it can be very expensive for a small business. First of all, the risk of not getting paid always exists. Second, a small business doesn't generally have excess cash in order to finance credit sales. This means that you might probably need to borrow money yourself to finance your customers.

The good side of credit sales is that they might help you increase your total sales. But you have to calculate which is higher, the costs or the benefits.

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Developing, promoting, and distributing products to satisfy customer needs and wants is the marketing concept c. Marketing produ

Vitek1552 [10]

Answer:

d. Market segmentation

Explanation:

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4 years ago

The management of Bonga Corporation is considering dropping product D74F. Data from the company's accounting system for this pro

xenn [34]

Answer:

Financial disadvantage from dropping = $(182,000)

Explanation:

A product should be shut down if doing so would make the savings in fixed costs associated with the product to exceed the lost contribution. Other wise , the product should remain.

In a shut down decision , the following relevant cash flows should be considered:

1. Lost contribution from the product to be shut down

2. Savings in fixed directly attributable to the product under consideration.

So, we will apply these principles as follows:

Lost contribution from the product to be shut down:

(942,000-415,000) (527,000)

Savings from fixed direct fixed cost:

(217,000+128,000) 345,000

Net loss contribution (182,000)

Financial disadvantage from dropping = $(182,000)

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3 years ago

On june 1, 2022, spk company signed a $100,000, one-year, 6 percent note payable. Interest and principal are due at maturity. Wh

posledela

$3500 sum will spk record for interest expense in their december 31, 2022

Interest = $ 6000 for 12 months.

From June to December there will be 7 months due,

therefore 7/12x6000 = $ 3500

An interest expense is the fetched brought about by an substance for borrowed reserves. Intrigued cost may be a non-operating cost appeared on the salary explanation. It speaks to intrigued payable on any borrowings—bonds, credits, convertible obligation or lines of credit. It is basically calculated as the intrigued rate times the exceptional foremost sum of the obligation. Interest expense on the income statement represents interest accrued during the period covered by the financial statements, and not the amount of interest paid over that period. While interest expense is tax-deductible for companies, in an individual's case, it depends on their jurisdiction and also on the loan's purpose.

Learn more about Interest expense here

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6 0

1 year ago

What are 2 examples of variable expenses?

Igoryamba

Credit card fees. Direct materials. Piece rate labor. Production supplies. Billable staff wages. Commissions. Freight out.

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4 years ago

Credit cards areA. the fastest growing component of the M1 money supply.B. near-monies that are part of the money supply, but no

melomori [17]

Answer:

C. not money, officially defined.

Explanation:

The M1 represent the currency and check deposits

The M2 is M1 + "near money." Which are: savings , and time deposits.

We must remember that money supply represent all monetary assets in the economy. The credit card are not monetary assets.

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3 years ago