She is not being proactive and waking up early enough to get on the bus
microcredit
What is microcredit?
Microcredit is the provision of very tiny loans (microloans) to disadvantaged borrowers who lack collateral, consistent employment, or a verified credit history. It is intended to encourage business and alleviate poverty. Many clients are uneducated and hence unable to complete the documentation required for traditional loans.
Microcredit is a subset of microfinance, which provides the needy with a broader range of financial services, including savings accounts. The Grameen Bank, founded in Bangladesh in 1983, is widely regarded as the birthplace of modern microcredit. Despite initial reservations, many regular banks eventually adopted microcredit. 2005 was designated as the International Year of Microcredit by the United Nations. Microcredit is a method that can potentially help to lessen the feminization of poverty in developing countries.
To learn more about Microcredit
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When using Debt financing, the company incurs a legal obligation to repay the amount borrowed. Retained earnings assign to the percentage of net acquiring not to paid out as dividends, but retained by the company to be reinvested in its core business, or to pay a debt.
Answer:
$64,000
Explanation:
Calculation to determine the cost of goods sold using the average cost method
First step is to calculate the Average cost
Average cost = [(200 × $140) + (400 × $160) + (100 × $200)] ÷ 700 units
Average cost= $160
Now let calculate the Cost of goods sold
Cost of goods sold = $160 × 400 units
Cost of goods sold = $64,000
Therefore the cost of goods sold using the average cost method will be $64,000
