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luda_lava [24]
2 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]2 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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MATCH THE ITEMS IN THE FOLLOWING TWO LIST BY MATCHING THE LETTER OF THE INFORMATION QUALITY THE BEST DESCRIBES THE INFORMATION Q
Andrew [12]

Answer:

Explanation:

a. Timeliness  - Garth Company has been recording shipments of goods that were not ordered by their customers.

b. Accuracy - Clerks at Fairmont Corp. enter customer orders into PCs connected to the accounting system. The clerks are supposed to enter a code into a field to indicate if the order was mailed, faxed, or phoned in. But they do not always enter this code. Consequently, data on the recorded orders regarding the type of order is not reliable.

c. Validity - Shipments at Lasting, Inc. are entered into PCs in the shipping department office. The paperwork often gets lost between the shipping dock and the office, and some shipments do not get entered.

d. Relevance  - At Belmont, Inc., warehouse personnel write the picked quantity on the picking ticket as the goods are picked from the shelf. These clerks are not very careful, and the recorded picked quantities are often wrong.

e. Completeness  - Caroline in the shipping department has been given the job of monitoring shipments to make sure that they are shipped in a timely manner. To do this, she uses a monthly report of items ordered but not shipped in the past month.

6 0
3 years ago
A memo is a copy of a document transmitted via phone line using a facsimile machine.
LiRa [457]

Answer:

Yes, it is very true: I don't know just trying

6 0
2 years ago
French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be: A) Demanding dollars
shepuryov [24]

Answer:

C) Supplying euros and demanding dollars in the foreign exchange market.

Explanation:

Foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.

For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.

Hence, French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be supplying euros and demanding dollars in the foreign exchange market because the medium of exchange (legal tender) in France and Germany is the "Euros" while it is "Dollars" in the United States of America.

6 0
2 years ago
Barbara Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following e
Amanda [17]

Solution :

Date       Account                                                           Debit($)           Credit($)

April 2     Cash                                                               27,330

               Equipment                                                      14,650

               Capital                                                                                      41,980

April 2     No journal is required on hiring employee

April 3     Supplies                                                         338

                Accounts payable                                                                    338

April 7     Rent expense                                                590

              Cash                                                                                            590

April 11   Accounts receivable                                       929

             Service revenue                                                                          929

April 12  Cash                                                                3021

             Unearned service revenue                                                        3021

April 17  Cash                                                                2535

             Service revenue                                                                         2535

April 21  Insurance expense                                        101

              Cash                                                                                             101

April 30   Salary expense                                             1352

               Cash                                                                                            1352

April 30  Supplies expense                                          138

              Cash                                                                                              138

April 30  Computer                                                        5841

              Capital                                                                                          5841          

3 0
3 years ago
PLEASE HELP AHHH! IM BAD AT BUSINESS ;-;
tankabanditka [31]

Answer:same

Explanation:

7 0
3 years ago
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