Answer:
$182300
Explanation:
$182300
September credit sales account for 40% of October accounts receivable since it will be paid one month following sales
October credit sales will account for 50% of account receivable since it is paid in the month of sale
the calculation has been done in the attachment for further explanation
Currency that derives its value from the amount printed on it is known as fiat money.
<h3>What is fiat money?
</h3>
Fiat money is currency whose value is not backed up by any asset. The value of fiat money is dependent on the amount printed on it. This differs from representative money whose value depends on the value of the metal from which it is made from.
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Answer:
The term used to describe the reduction of the balance owed on a loan with each payment made over a period of time is:
d. amortization.
Explanation:
Amortization of a loan is the gradual reduction of the balance owed on a loan because payments are being made over a period of time. Each payment is, therefore, a reduction of the borrowed fund. This gradual reduction through periodic payments is called amortization of the borrowed fund. Loan amortization, therefore, implies the spreading out of the loan payments over time. It is not the same as asset amortization, which is a kind of depreciation.
Answer:
LOL BRO Thats how I be sometimes
Answer:
risk aversion.
Explanation:
Have you ever heard "A bird in the hand is worth two in the bush"?
It relates to safe investments or activities that yield known returns, instead of simply trying to go after more birds that you might or might not catch.
Tom knows that he can sue the title company and earn a lot of money, but he also knows that he might lose the case and instead of getting some money will have to spend a lot of his money in legal fees. Since he dislikes the risk of losing both the suit and his own money, he decided to accept the company's settlement.
