Domestic trade is trade<span> occurring inside a particular country, while global is between nations, think international.</span>
Answer: Cooperative
Explanation:
A cooperative is an independent association of people united voluntarily in order to meet their common economic, cultural and social needs and through a jointly owned enterprise.
A cooperative society is a group of people who possess specific common needs. The purpose of a cooperative society is to improve the economic status of its members. Cooperative societies usually offer their products to their members at a discount.
Answer:
December:
Dr cash $16,000
Cr subscription revenue $16,000
Dr cash $216,000
Cr unearned revenue $216,000
January 2017:
Dr unearned revenue $18,000
Cr subscription revenue $18,000
Explanation:
The sales of 4000 copies at the newstand means that revenue of $16,000($4*4000) has been earned in December,which means that cash would debited with $16,000 and sales revenue credited with the same amount.
In December,the subscriptions received in advance for 2017 of $216,000($36*6000) would be debited to cash and credited to unearned revenue account.
At the end of January,the unearned revenue would be debited with $18,000($216,000/12) in respect of subscription earned as a result of the Magazine been mailed to subscribers in the month,which now entitles the company to one month subscription as earned sales revenue.
Complete Question:
Akram owns a small farm.He employs 80 workers in the field and has recently hired a manager to help him manage the farm. The income of the business varies greatly during the year. The farm makes a small profit but Akram is ambitious. He wants to take over a neighbors farm and increase the range of crops he sells. He thinks that he needs long-term finance and plans to take out bank loan to pay for the takeover. He has already borrowed money to buy a new tractor. A friend has advised him to form a company and sell shares.
Requirement. Identity two types of short-term finance Akram could use when the farm income is low
Answer with its Explanation:
The two types of short term finances are as under:
- Merchant Cash Advance: It is also known as supplier payables but in fact it is actually an cash advance by supplier to promote its sales by allowing credit for a short term. It doesn't what level of profits the company is earning, the supplier always allow small period for payment of its goods.
- Invoice Financing: It helps the company borrow money from money lenders (mostly banks) against the debtors accounts. This is usually a short term loan with option to expand both time and money if the company has proven to growth and better credit control. The invoice finacing doesn't effect the borrowings in short term if the business profits are low because for qualifying for such loan the company must have better cash postion. Though higher profits might help in securing the short term loan by using invoice financing but cash generation is the key requirement here.
Answer:
Not ok and both broker and agent can be in trouble for lack of supervision
Explanation:
Based on the information provided within the question it can be said that this situation is not ok and both broker and agent can be in trouble for lack of supervision
. This is because the agent and the employing broker are obligated to put the client's interests first and have no authority to withhold any offers from the client. That being said the employing broker also has the responsibility of supervising the employees and making sure that personal views do not affect the business decisions.
