The main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.
<h3>How does cash eliminates
overspending?</h3>
While doing a physical transaction, there will not be a situation of overspending because the person can not purchase more than the cash value he/she has on him/her.
Hence, the main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.
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For the answer to the question above,
Revenue . . . . . . . . . . . . . . . . . . . .4,500
less: Expenses
Rent . . . . . . . .750
utilities . . . . . . 150
Salaries . . . . . .2400
Insurance . . . . .225
(Since you are just in highschool I would assume insurance is expense, because there are insurance that are Payables and not expense)
Total . . . . . . . . . . . . . . . . . . . . . . 3525
Net income . . . . . . . . . . . . . . 975
I hope my answer helped you. feel free to ask more questions. have a nice day!
Answer:
2 years
Explanation:
Payback can be calculated by identifying net savings of employing this new system.
Net savings = Savings from reduced labor costs - Annual license and maintenance fee
Net Savings = (35,000 * 3) - 25,000 = $80,000 saving / year
Initial outlay = $160,000
Payback = initial outlay / savings per year = 160000 / 80000 = 2 years
So it takes 2 years to recover the initial outlay.
Hope that helps.
Answer:
are making a large purchase.
Explanation:
A mortgage is a long term debt. It takes at least five years to repay a mortgage. In practice, mortgages are issues for between 10 and 30 years.
Mortgages are ideal for purchases requiring a colossal amount of money. For example, the purchase of homes, land, plants, and equipment. The repayment of the amount borrowed to facilitate such purchases is spread over many years. This enables the borrower to repay the loan in affordable monthly installments.
The Keynesian model focuses more on short-term fluctuations caused by business cycles and the neoclassical model focuses more on short-term fluctuations caused by business cycles.
Neoclassical economics is long-term oriented. Key policies include: Governments should focus on keeping long-term growth and inflation under control, rather than worrying about a recession or cyclical unemployment.
Aggregate demand is a useful tool for controlling inflation.
The Keynesian model focuses on using aggressive government policies to manage aggregate demand and combat or prevent recessions. Keynes developed his theory in response to the Great Depression and was highly critical of early economic theory, which he called classical economics.
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