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luda_lava [24]
3 years ago
6

George owns a pizzeria in Queens, and he buys his cheese and dough and sauce from SYSCO. This firm provides its customers with t

he most widely used source of short-term funding, since it is the least expensive and the most convenient way of buying goods and services and paying for them later. This practice, very popular among small businesses and large businesses alike, is called
Business
1 answer:
alexandr1967 [171]3 years ago
5 0

Answer:

Trade credit

Explanation:

Trade credit occurs between traders where a trader allows another to purchase goods without paying for them immediately.

It is the cheapest form of short term financing.

This is a form of business to business agreement where payment is set at a later date of 30 days, 90 days or 60 days.

The transaction is recorded by using invoice.

Usually it is a zero percent short term finance. The amount of the good at time of purchase is what is paid at the sure date.

There is no extra payment made by the buyer as interest on the amount agreed.

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MC Qu. 110 Southland Company is preparing... Southland Company is preparing a cash budget for August. The company has $17,100 ca
Keith_Richards [23]

Answer:

The preliminary cash balance at the end of August before any loan activity is $3,500

Explanation:

For calculating the borrowed amount, first we have to compute the cash available for use and cash payment.

So,

Cash available for use is equals to

= Beginning balance + Cash receipts

= $17,100 + $121,000

= $138,100

And, the cash disbursement is $134,600

So the preliminary cash balance is equals to

= Cash available for use - cash disbursement

= $138,100 - $134,600

= $3,500

Hence, The preliminary cash balance at the end of August before any loan activity is $3,500

7 0
3 years ago
Pronghorn Corporation traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer worth $3,498. Pr
lana [24]

Answer:

Truck:

Cost = $20,000

Accumulated depreciation = $18,000

Small computer worth = $3,498

Paid in transaction = $530

The Journal entry is as follows:

Equipment/Computer A/c                       Dr. $3,498

Accumulated depreciation-Truck  A/c   Dr. $18,000

To Truck                                                                        $20,000

To Gain on disposal of truck                                        $968                                        

To cash                                                                          $530

(To record the exchange)

6 0
3 years ago
the 360 degree feedback performance appraisal system tries to improve performance ratings by forcing managers to :
olga nikolaevna [1]

Answer:

Include information from a wide range of sources in their reviews.

Explanation:

Performance appraisal refers to the evaluation of employees' performance by the human resource managers in an organization. The 360-degree feedback performance appraisal system is a type of performance appraisal that sources information about an employee from various sources, which ranges from subordinates, lateral and supervisory sources. This implies that the manager seeks to gain insight about the employee from his fellow employees, from his supervisors, his subordinates, and sometimes from external sources such as the customers who interact with that employee on a daily basis.

Most managers use this system of appraisal for developmental purposes and evaluation of an employee's performance. Information sourced can then be used to help the employees improve on their skills or promote/demote them.

5 0
4 years ago
If real GDP​ increases, A. the money demand curve shifts to the right. B. there is a movement down along a stationary money dema
qaws [65]

Answer:

A. The money demand curve shifts to the right.

4 0
4 years ago
The government has set a price floor on bread. Manufacturers can’t sell loaves for less than $5.00, which is a dollar above the
Aleonysh [2.5K]

Answer:

A. The quantity demanded for bread will decrease , quantity supplied will increase

Explanation:

PRICE FLOOR is the minimum mandated price set by government , usually above equilibrium price , to ensure producers' protection (if market price is perceived to be low) . EG : Minimum Support Price for agricultural products to protect farmers .

However at this raised price : There is Excess Supply , as Quantity Supplied increases with price increase (law of supply - price & supply direct relationship) , Quantity Demanded falls (law of demand - price & demand inverse relationship)  

6 0
3 years ago
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