Answer:
64%
Explanation:
Commercial banks have been found to provide most of the credit needs of small businesses. So small business owners are more likely to get a loan from a commercial bank close to them.
Commercial banks however tend to be reluctant when the economy is stagnant. Mostly small businesses in an economy that is slow have challenges repaying loans collected.
However funds have been made available for small business and are made available primarily through commercial banks
Answer:
Inventory= $5,325
Explanation:
Giving the following information:
Wattan Company reports beginning inventory of 25 units at $39 each. Every week for four weeks it purchases an additional 25 units at respective costs of $40, $41, $44, and $49 per unit for weeks 1 through 4.
Inventory= 25*39 + 25* 40 + 25*41 + 25*44 + 25*49= $5,325
Answer: The options are given below:
A. Both firms can behave opportunistically towards one another to keep the other from gaining competitive advantage.
B. Both firms can achieve competitive advantage over one another, even if they are operating in the same product market, by using each other's most valuable resources.
C. One firm can gain competitive advantage by taking advantage of its partner's resources and giving its partner less valuable resources.
D. Partnering with another firm in a strategic alliance and trading valuable resources enables both firms to further develop their products or markets to gain competitive advantage.
The correct option is D.
Explanation: A strategic alliance is a business agreement that two or more companies come together in order to undertake a project that will be beneficial to all the involved parties, while each retains its independence.
This kind of agreement is not as complex and much less binding as a joint venture, where businesses pool together their resources in order to create a separate business entity.
A strategic alliance will help a company remain relevant because the companies, will through this alliance, increase their customer base, have access to new technologies, diversify their products and services, and even reduce overhead and administrative costs, as they offer top quality service to their customers. In this way, the companies involved in the agreement companies will get an edge over their competitors.
Answer:
A) greater ; fall
Explanation:
Economies of scale exist when inputs are increased by some percentage and output increase by a greater percentage causing units cost of production to fall.
Economies of scale refers to the cost advantage of an organization when it increases production output and reduces cost of production. By increasing production, more inputs are increased at a lower cost per inputs which will actually reduce the cost of production per units.
Business Organizations tend to make more profits by practicing economies of scale because of the decrease in cost of production.
The more the increase in production, the more profits firms make.
Answer:
Debit Allowance for Doubtful Accounts $2,300; credit Accounts Receivable $2,300
Explanation:
The journal entry is shown below:
Allowance for Doubtful Accounts A/c Dr $2,300
To Accounts Receivable A/c $2,300
(Being the written-off amount is recorded)
Since we have to record this journal entry so we debited the Allowance for Doubtful Accounts A/c and credited the account receivable account so that the correct posting can be done.