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likoan [24]
3 years ago
6

Barter is the exchange of goods and services for goods and services without the use of money. any exchange, with or without the

use of money, in which the participants negotiate (or barter) the price of the goods to be exchanged.
a. the exchange of money for goods and then the exchange of those goods for money.
b. the exchange of money for money, or the exchange of money for stocks and bonds.
c. the exchange of goods and services for goods and services without the use of money.d. any exchange, with or without the use of money, in which the participants negotiate (or barter) the price of the goods to be exchanged.
Business
2 answers:
murzikaleks [220]3 years ago
8 0

Answer:

c. the exchange of goods and services for goods and services without the use of money

Explanation:

Barter the exchange of goods and services for goods and services without the use of a medium of exchange such as money.

In a barter, money doesn't change hands.

An example of a barter- I want a pair of shoes worth $30. I see someone that has the shoes but wants textbooks worth $30. I have these textbooks. I give him the textbooks and he gives me the shoes.

I hope my answer helps you

monitta3 years ago
7 0

Answer:

Exchanging goods or services of equal value is called <u> Bartering.</u>

<u> Money</u> replaces the need for bartering.

Money allows us to exchange <u>Value </u> for goods and services.

Hope this helps!!! :)

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Quality assurance is the other way
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2 years ago
If you are planning to carry a large balance on yo ur credit card which of the following
sukhopar [10]
NO BILLS THAT NEED TO BE PAID 
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I HOPE THIS HELPED

6 0
3 years ago
Nicole is a calendar-year taxpayer who accounts for her business using the cash method. On average, Nicole sends out bills for a
BigorU [14]

Answer:

a) I guess that Nicole bills $12,000 per month, not $512,000.

Assuming that the last time Nicole billed her customers was November, she was able to collect $11,760 before the year ended. I will also assume that the remaining $240 are uncollectible.

If Nicole postpones billing her customers during December, her taxable income as a cash basis taxpayer will decrease by $12,000 x 70% = $8,400

she will be able to save $8,400 x 2% = $168 in current taxes, but she will have to pay them next year anyways.

b) The time value of money should affect Nicole's calculations because she is saving the interests that could be earned by $168 in 1 year. We are not given any specific interest rate but we could use 6% as an example. Nicole will gain $168 x 6% = $10.08

But she will also lose potential interests earned on the $8,400 that she billed later. Using the same interest rate, 6%, she will lose $8,400 x 6% x 1/12 (only 1 month) = $42.

That means that the net result from this = $10.08 - $42 = -$31.92.

As you can see, Nicole is losing money. The higher the interest rate, the more money she will lose.

c) The risk of increasing uncollectible accounts will always exist. Nicole already has around 2% of uncollectible accounts, and combining two bills at one time might lead to a higher percentage of uncollectible accounts. Of course, this depends on her clients, but the risk will increase a little bit or a lot, but it will increase.  

4 0
3 years ago
A cheque of Rs 4500 received from yogesh and deposited into bank. Required: Journal Entry​
olga nikolaevna [1]

Answer:

See below

Explanation:

This transaction will affect the bank balance by increasing it with the check amount. The bank is cash (asset ) held in the bank. An increase in assets account is a debit. The bank A/c will be debited.

The check is received from Yogesh. Yogesh must have bought goods on credit and hence is an account receivable (asset). Since Yogesh has paid, his account decrease by the check amount. A decrease in assets is credited.

The journal entry will be

Bank A/c DR. Rs 4500

Yogesh A/c                 Cr. Rs 4500

3 0
2 years ago
A mortgage broker advertises a 30-year fixed-rate loan at a 2.00% rate. After the borrower arrives at the office and begins an a
Contact [7]

Answer:

Truth in Lending Act (TILA)

Explanation:

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This ultimately implies that, a mortgage broker acts as an intermediary (middleman) by connecting a creditor (lender) to those seeking to get a loan (borrower).

The Truth in Lending Act (TILA) also known as Consumer Credit Protection Act (CCPA) is a federal law of the United States of America that was enacted by the 89th US Congress and signed into law by President Lyndon B. Johnson on the 29th of May, 1968.

The main purpose of this federal law (Act) is to protect the consumer while using credit by mandating businesses to provide a full disclosure of the terms and conditions with respect to the credit.

According to the Truth in Lending Act (TILA), businesses are required to explain all collection fees, finance charges, late charges and interest charges up front before the time of service or application process commence.

In this scenario, a mortgage broker advertised a 30-year fixed-rate loan with an interest rate of 2.00%.

However, when the borrower arrived at the office of the mortgage broker and begins an application, the broker then went ahead to explain that the 2.00% interest rate is no longer available because his office was only able to do a limited number of them.

Thus, this broker is in violation of Truth in Lending Act (TILA).

6 0
2 years ago
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