The most likely scenario in which someone would take out a short-term loan with a bank is to pay for credit card debt. The short-term loan has less than one year period to be repaid and this loan is usually taken by someone if there is a temporary problem with their cash flow. This loan can also be taken by a company to fulfill their working capital for increasing its sales.
A - the product will not get to market quicker because there is more raw materials.
Answer:
The correct answer is (A) True.
Explanation:
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Answer:
True
Explanation:
Small Business face different operational and managerial circumstances compared to <em>established</em> business.
Off-the-shelf accounting software may not be consistent with these circumstances rendering it cumbersome or unsuitable.
Thus a customized accounting software is most suitable to meet the needs for small businesses
Answer:
Net income to be earned = $58,500
Explanation:
The net income to be earned can determined as follows:
<em>Net income = (sales value - Variable costs) - Fixed costs</em>
With an increase in selling price by 10%, the total sales value would now be
Total sales value = 110% × 315,000 =$346,500
Net income therefore would be
= (346,500 - 218,000) - 70,000
= $58,500
Not that the fixed cost will not change because it is independent of volume and also the variable cost has been stated to remain the same.
