Answer:
Correct answer is B that is <u>Indirect Organizational Pattern</u>
Answer: The answer is as follows:
Explanation:
Given that,
Used car $93.38 per month for 60 months
Cash price = $4,200
Down payment = $50
(a) Amount Financed = Total Value (Cash Price) - Down Payment
= 4200 - 50
= $4150
(b) Finance Charge = Total payments - Amount Financed
= 93.38 × 60 - 4150
= 5602.8 - 4150
= $1452.8
(c) Deferred payment price = Down Payment + Total payments
= 50 + 5602.8
= $5652.8
- Katherine had to rush to the bank every few months to borrow more money. She didn't really talk to her banker about her financial situation because she had no trouble getting larger loans. You see, she was always on time with her payments. Katherine always took trade discounts to save money on her purchases. That is, she paid all of her bills within 10 days in order to save the 2% discount offered by her suppliers for paying so quickly.
- Katherine's products were mostly purchased on credit. They'd buy a few lamps and a pot, and Katherine would let them pay overtime. Some were extremely slow to pay her, taking six months or more.
- Katherine noticed a small drop in her business after three years. The local economy was struggling, and many people were losing their jobs. Nonetheless, Katherine's business remained steady. Katherine received a phone call from the bank one day, informing her that she was behind on her payments. She explained that she had been so preoccupied that she had missed the bills. The issue was that Katherine did not have enough money to pay the bank. She frantically called several customers for payment, but none of them could pay her. Katherine had a classic cash flow problem.
<h3>How is it possible to have high sales and high profits and run out of cash while running a business?</h3>
It is entirely possible if you have a high level of accounts receivables and inventory and a low level of accounts payables. A sale is recorded when an invoice is raised, and a shipment is delivered; this does not always imply that you received cash and that it is recorded in your accounts receivable. Similarly, if you keep a lot of inventory, a lot of your money is locked up until the inventory is sold. On the contrary, if your payment terms with your suppliers are less favorable, you will end up paying before your receivables convert to cash. As a result, high sales and profits do not always imply a strong cash position.
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The money is skimmed before the transaction is processed. In a casino the casinos winning are moves to a count room during the movement money is removed before being counted.
Suppose the fed sells $50 million of government securities to the bank of America. complete the sentences. the fed's total assets increase by $50 million and its total liabilities do not change.
<h3>
</h3><h3>
What are liabilities?</h3>
- A liability is defined in financial accounting as the future forfeitures of economic benefits that an entity must make to other entities as a result of previous transactions or other previous events, the resolution of which may result in the transfer or use of assets, the provision of services, or another future yielding of economic benefits.
- Financial accounting liabilities might be based on equitable duties or constructive obligations rather than having to be legally enforceable.
- A responsibility based on moral or ethical principles is referred to as an equitable obligation.
- Contrary to an obligation that is founded on a contract, a constructive duty is one that is suggested by a particular combination of circumstances.
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