Advantages & Disadvantages of Owning Your Own Shop
Advantage: Financial Rewards. ...
Advantage: Lifestyle Independence. ...
Advantage: Personal Satisfaction and Growth. ...
Disadvantage: Financial Risk. ...
Disadvantage: Stress and Health Issues. ...
Disadvantage: Time Commitment.
Answer: d. Commercial paper can be issued by virtually any firm so long as it is willing to pay the going interest rate.
Explanation:
Commercial Paper refers to a short term debt instrument that large Corporations and banks can issue to enable them pay off short term obligations.
While Commercial Paper does not need to be registered with the SEC if it falls under a period of 9 months for it to mature, it is not for every institution.
Only large Institutions and Banks can afford to issue commercial Paper due to risk concerns and so not all firms can issue Commercial Paper.
Answer:
people will likely buy less cigarettes and liquor from them
Explanation:
Mark and Barry own the Warehouse Liquor Store in town. They are careful to pay all of their taxes in full and on time. Recently the local government has decided to raise the taxes imposed on the sale of cigarettes and liquor. Barry and Mark are upset about this because people will likely buy less cigarettes and liquor from them
The local government raising the tariff will cause their prices to go up thereby discouraging people form buying from themdue to the price hike
Answer:
$24,750
Explanation:
The computation of the amount that should be recorded is shown below"
Sales on account = $25,000
Credit term = 1/15, n/30
Sales discount rate = 1%
Now
Sales discount = Sales on account × Sales discount rate
= 25,000 × 1%
= $250
So,
Net sales = Sales- Sales discount
= $25,000 - $250
= $24,750