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Aneli [31]
3 years ago
12

Although there are some clear disadvantages associated with extending credit to customers, such as bad debt costs, most managers

believe a particular advantage outweighs the costs. To which primary advantage do they refer?
Business
1 answer:
WITCHER [35]3 years ago
5 0

Answer:

The primary advantage they refer to is additional sales revenue.

Explanation:

Extending credit to customers is generally done through use of credit cards these days. This does allow the customers to buy goods and services on credit and pay later for those goods.

Offering credit is beneficial for both the shopkeepers or merchants and the buyers. Customers do not have to pay cash (as they can run out of cash at times), so they buy more and this increases the sales revenue for the merchants, which becomes the primary advantage for them and outweighs the costs.

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what challenges might people living in a county or state with a high concentration of subprime scores be facing as a result of t
Setler [38]

The challenges people living in a county or state with a high concentration of subprime scores might be facing as a result of the low credit scores are:

I. Poverty.

II. Famine and hunger.

III. Low level of healthcare.

A credit score can be defined as a numerical expression ranging 300 to 850, which typically represents an individual's financial history and credit worthiness.

This ultimately implies that, the higher your credit score, the higher and better it is to obtain a credit (money) from a potential lender and vice-versa.

In the U.S, the ratings of a credit score by FICO include the following;

  • A credit score ranging from 670 to 739 is considered to be a good credit score.
  • A credit score of 740 to 799 is better.
  • A credit score of 800 to 850 is considered to be excellent.

In this context, the challenges people living in a county or state with a high concentration of subprime scores might be facing as a result of the low credit scores are:

I. Poverty.

II. Famine and hunger.

III. Low level of healthcare.

Find more information: brainly.com/question/14379808

3 0
2 years ago
Sandstorm Corporation decides to develop a new line of paints. The project begins in 2019. Sandstorm incurs the following expens
Whitepunk [10]

Answer:

$0 and $12,750

Explanation:

To check deductions for 2019 and 2020, we need to check total expenses:

Total Expenses = $85,000 + $30,000 + $12,500

= $127,500

Since it has a 60 month deferral and amortization period, we need to check for each month. Therefore we have:

=Total expenses / 60months

= $127,500 ÷ 60 months

= $2,125

Therefore, in 2019 there's no benefit or deduction since all expenditures are made.

To get the 2020 the deduction we use:

= Monthly amortization or defferal cost * number of months

= $2,125 × 6 months

= $12,750

The 6 months is calculated assuming books are closed on December 31. It is from July 1 to December 31.

7 0
3 years ago
in preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included
Nana76 [90]

Answer:

In preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):

source of cash.

Explanation:

Accounts payable are liabilities owed to suppliers for goods or services. They are listed on the balance sheet under current liabilities and on the cash flow statement under operating activities. When preparing the statement of cash flows, an increase in accounts payable is regarded as a source of cash while a decrease is regarded as a use of cash.

7 0
3 years ago
Mark brainliest:/
galina1969 [7]

Answer:

B, reduced supply of labor, higher wages

Explanation:

Government laws have a minimum wage that has to be earned by the company to employ a person.

5 0
3 years ago
Read 2 more answers
The total cost of Jurislon to be purchased in August is: Multiple Choice $1,839,600 $1,208,700 $1,014,300 $1,017,000
ivann1987 [24]

Answer:  $‭1,014,300‬

Explanation:

The company wants to maintain 20% of the next month's needs as ending inventory.

One Miniwap requires 2.5 kg of Jurision to be made.

Materials purchased is;

= Ending inventory + Materials used - Begining inventory

Ending Inventory;

= 20% of September Jurision

= 20% * 21,300 * 2.5

= 10,650 kg

Materials used

= 2.5 kg * August Miniwaps

= 2.5 * 22,600

= 56,500 kg

Materials Purchased = 10,650 + 56,500 - 10,800

= 56,350‬ kg

Cost of Jurision is $18 per kilo

= 56,350‬ * 18

= $‭1,014,300‬

3 0
3 years ago
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