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3 years ago

Please helpDo businesses only aim at maximizing profits

1 answer:

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Many companies make other goals a priority over profit maximization. Additionally, some aspects of running a business that meets social and environmental obligations take away from the sole focus of profit maximization.

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After much searching, Mort located an old banking friend of his father's. The banker offered Mort up to $25,000 in unsecured fun

VladimirAG [237]

Here, in the given case, Mort was offered a line of credit financial facility. Therefore, Option D is the correct choice.

<h3>What is a line of credit?</h3>

A line of credit is a versatile mortgage from a monetary group that includes a described amount of cash that you could access as needed and pay off both right now or over time. Interest is charged on a line of credit as quickly as money is borrowed.

The missing information in the question is given below:

A. revolving credit agreement.

B. asset guarantee pledge.

C. pledging agreement.

D. line of credit.

Therefore, Here, in the given case, Mort was offered a line of credit financial facility. Therefore, Option D is the correct choice.

Learn more about line of credit:

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1 year ago

Regarding the four-step closing process under the periodic inventory system, ________. A. Sales Revenue is closed with a credit

ziro4ka [17]

Answer:

The correct answer is D. the ending merchandise inventory balance must be recorded as a debit via the Income Summary account

Explanation:

In the permanent inventory system, all purchases, sales, discounts and returns on purchases and sales are recorded at cost, in the account Goods not Manufactured by the Company. Thus: Purchases: the acquisition of merchandise is accounted for with a debit in the Merchandise not Manufactured by the Company account and a credit in Banks or Suppliers, as the case may be.

The initial inventory represents the value of the stock of merchandise on the date the accounting period began. This account is opened when the control of the inventories, in the Major General, is carried out based on the speculative method, and does not return to movement until the end of the accounting period when it will be closed with charge at cost of sales or by Profit and Loss directly. And it is the detailed and detailed relationship of the stock of merchandise that a company has when starting its activities, after making a physical count.

The final inventory is made at the end of the accounting period and corresponds to the physical inventory of the merchandise of the company and its corresponding valuation. By relating this inventory to the initial one, with the net purchases and sales of the period, you will obtain the Gross Profits or Losses in Sales of that period. is the list of stocks at the end of an accounting period.

6 0

3 years ago

A client who is newly diagnosed with hypertension is going to be starting antihypertensive medicine. What is one of the main thi

Natali [406]

Answer:

the main things the client and the client's spouse should watch for is dizziness

3 0

3 years ago

Read 2 more answers

ECG Monitors is forecasting that sales next year will be $8,640,000, a 20 percent increase over current sales. ECG has total ass

Rama09 [41]

Answer:

$ 620,000

Explanation:

The increase is assets is the amount the firm will need to finance:

Current Assets: 3,840,000

Forecast Assets: 3,840,000 x ( 1 + 20%) = 4,608,000

Assets to finance: 4,608,000 - 3,840,000 = 768,000

A portion of this will be financed by the supplier as the accounts payable will increase:

Curent Account Payable: 740,000

Forecast A/P: 740,000 x (1 + 20%) = 888,000

Financiation provided by the supplier: 888,000 - 740,000 = 148,000

The rest will requiere addtional financiation through equity or other means.

Total Financiation needed: 768,000 - 148,000 = 620,000

3 0

3 years ago

Juanita is the lead negotiator on a team that is handling the sale of a mineral extraction company. She knows her weakness as a

djverab [1.8K]

Answer: Irrational escalation

Explanation: Irrational escalation of commitment occurs when an individual's tends to make irrational decisions in situations where walking away should have been the best. The irrational escalation of commitment in the context above could result due to circumstantial nature of a negotiation or competitiveness whereby negatiators ends up paying or making overboard decision in situations where it isn't necessary.

In the context above, in other to avoid irrational escalation of commitment, Juanita and her team already set a reasonable reservation price and she frequently checks her BEST ALTERNATIVE TO A NEGOTIATED AGREEMENT, which is what a negatiator will do if they fail to reach an agreement. This ensures that irrational decision is avoided in the course of a pronloged or competitive negotiation.

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3 years ago

Please helpDo businesses only aim at maximizing profits​

Please helpDo businesses only aim at maximizing profits