Answer:
The Best 5 Reasons For Businesses to Extend Credit
Additional Cash Flow. If customers can put off payment without consequences, they will. ...
Additional Sales
Additional sales will come in the form of customers spending more money on your products and services. ...
Higher Customer Loyalty. ...
Leverage During Negotiations. ...
Simple Technique For Extending Credit.
When selling on credit, there is a chance that the customer may go bankrupt and fail to pay you. The company will lose revenue. The company will also have to write off the debt as bad debt
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Answer:
D. $590
Explanation:
Predetermined overhead rate = $15 per labour hour
Direct Material cost = $50
Labor rate = $75 per hour
Number of Direct labor hour = 6
Direct labor cost = 6 x 75 = $450
Overhead applied cost = Predetermined overhead rate x Direct labor hours
Overhead applied cost = 15 x 6 = $90
Total cost = $50 + $450 + $90
Total cost = $590
So, the correct answer is D. $590
The answer is a I believe I'm not really sure
Based on the scenario, the 5Cs of credit that the bank is
concerned with is the conditions. Conditions in the 5Cs of credit is being
defined as the state that comprises the overall economic environment in which
is composed of the purpose of the loan and as well as the interest rates.
Answer:
$30,000
Explanation:
Warranty liability is a liability account used to report the expected amount of repairing or replacing products already shipped. It's a contingency liability and it should be recorded independently from the actual warranty costs. Therefore, warranty liability, in this case, is:
$600,000 * 0.05 = $30,000
The estimated warranty liability reported in the balance sheet this year is $30,000
