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ivanzaharov [21]
4 years ago
12

George owns Luxury Yacht Company and has just received an order for one of its luxury models. To protect his company against the

possibility that the customer cannot pay or that other economic and political conditions might intervene, he asks the customer to provide a __________.
Business
1 answer:
Mariulka [41]4 years ago
3 0

Answer: Letter of credit

Explanation:

 The letter of credit is one of the type of payment process that is specifically used for the purpose of international trading as it helps in proving the economical guarantee from the bank to the trader of various type of goods and the services.

 The letter of credit is also refers as the documentary based credit and also the guarantee undertaking letter which is used at the time of payment and the main advantage of the letter of credit is that it is highly customizable, safety business process, Payment assured and also free from all the types of credit risk.        

According to the given scenario, George asked the customer for providing the letter of credit for the purpose of protect his company fro the various types of payment and economical issue.  

  Therefore, Letter of credit is the correct answer.

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A company sold equipment that originally cost $280,000 for $140,000 cash. the accumulated depreciation on the equipment was $140
quester [9]

A company sold equipment that originally cost $280,000 for $140,000 cash. the accumulated depreciation on the equipment was $140,000. the company should recognize a $0 gain or loss.

The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.

Depreciation is a method of calculating the depreciation of an asset through use, wear and tear, and obsolescence. The value of most assets declines over time after purchase. Organizations should take this loss of value into account when analyzing performance and calculating costs.

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3 0
2 years ago
Rotonga Manufacturing Company leases a vehicle to deliver its finished products to customers. Which of the following terms corre
Anton [14]

Answer:

b.) fixed cost

Explanation:

Fixed cost is a cost which has incurred and does not varies with change in the amount of goods being produced or being sold in the market.

These are expenses are paid by the company

Fixed costs are independent of any business related activities.

Here,

the lease amount is paid once for a vehicle and the lease amount of this truck does not varies with the amount of products company produces.

3 0
3 years ago
Which statement below best describes the positivist way of conceptualizing an organization?
CaHeK987 [17]

There are different kinds of statement.  The statement that best describes the positivist way of conceptualizing an organization is that;

  • Employees entering an organization learn and apply the rules and follow standard procedures. Thus, the organization is a social order that confronts individuals as an external reality beyond their influence and control.

<h3>Why is Organization theory seen as a positive science?</h3>

Positive science is said to be used by organizations so as to create or  build a center of knowledge that is made up of all the causal theories about organizations and its members.

These theories are known to be positive in that they talks about how the world works, instead of being normative, that is, it shows and prescribing what is expected to take place.

See full question below

Which statement below best describes the positivist way of conceptualizing an organization?

1) Rules and procedures are not rigorously imposed, indeed, a social order is internalized, challenged and created to some extent by employees through engagement

2) Employees entering an organization learn and apply the rules and follow standard procedures. Thus, the organization is a social order that confronts individuals as an external reality beyond their influence and control

3 Rules and procedures are rigorously imposed, indeed, a social order is  internalized, challenged and created to some extent by employees through engagement

4  Employees entering an organization are unable to learn and apply the rules and follow standard procedures. Thus, the organization no longer a social order that confronts individuals as an external reality beyond their influence and control

Learn more about  positivist way from

brainly.com/question/13171394

6 0
2 years ago
The comparative balance sheets for Swifty Company show these changes in noncash current asset accounts: accounts receivable decr
anzhelika [568]

Answer:

$236,900

Explanation:

Computation for net cash provided by operating activities using the indirect method

Net income $228,900

Add : Account receivables $80,000

Less: Prepaid expenses ($28,500)

Less :Inventories ($43,500)

NET CASH by OPERATING ACTIVITIES $236,900

Therefore net cash provided by operating activities using the indirect method is $236,900

8 0
3 years ago
Incremental costs - Initial and terminal cash flow
Black_prince [1.1K]

Answer:

c. $504,000

Explanation:

Total cost of new equipment = Price of equipment + Shipping & Installation costs = $3,200,000 + $160,000 = $3,360,000

Increase in working capital = Increase in inventories & account receivables - Increase in accounts payable = $640,000 - $256,000 = $384,000

Total Initial net investment outlay = $3,744,000 ($3,360,000+$384,000)

Project terminal cash-flow = Sale value of equipment (after tax) + Recovery of working capital = $200,000*(1-0.40) + $384,000 = $120,000 + $384,000  = $504,000

5 0
3 years ago
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