Answer:
Factoring
Explanation:
Factoring is a form of debtor finance that involves an entity selling it's accounts receivables to a third party at a discount.
The third party is called a factor.
This practice is usually carried out to meet urgent cash needs of the business.
In this instance Kliting Co. has a lot of outstanding accounts receivables and there is need for cash to pay its suppliers and employees at the end of the month.
Instead of borrowing Kliting Co. sells their accounts receivables to get the needed cash.
This is factoring finance
Option (b) is the best choice. The part of value creation that Bryan's business is focused on is value.
<h3>What exactly does value creation entail?</h3>
Value creation is the process of transforming effort and resources into something that satisfies the needs of others. That includes things like people constructing something in a factory, farmers cultivating crops, and other intangible assets like computer code and original ideas.
<h3>What is the secret of value creation?</h3>
Without a grasp of the potential consumer and their business, value creation is impossible. Before engaging in prolonged conversation with a lead, salespeople should spend a significant amount of time investigating the lead.
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Many businesses choose to open their intranets to other selected organizations through the use of <u>extranet</u>.
An intranet is a private network that is used for restricted communication within a business. It is used to share information and resources among employees in a secure manner, and enables collaboration and other services.
An extranet is also a private network, but is used by businesses to provide secure information to trust third parties. These third parties may be vendors, suppliers, partners, customers, etc. It is in some sense an extension of the intranet. The information shared is tightly controlled and only authorized users are allowed to access it
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Answer:
Results are below.
Explanation:
<u>First, we will determine the net income for tax purposes:</u>
Sales= 800,000
Expenses other than depreciation= (350,000)
Gross profit= 450,000
Depreciation= (200,000)
EBT= 250,000
Tax= (250,000*0.34)= (85,000)
Depreciation= 200,000
Net income= 365,000
<u>Now, for reporting purposes:</u>
Gross profit= 450,000
Depreciation= (130,000)
EBT= 320,000
Tax= (320,000*0.34)= (108,800)
Depreciation= 130,000
Net income= 341,200
Answer:
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.
Explanation:
