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Vadim26 [7]
3 years ago
7

“All cheques are bills but all bills are not cheque” –Explain

Business
1 answer:
aleksklad [387]3 years ago
7 0

All cheques are bills but all bills are not cheque.

This is correct statement because both cheque and bill are piece of paper which displays money which is to be paid to someone.

A bill is a document which is drawn on any person and there is no name on the bill whereas cheque is a document which is drawn on the payee name only.

Both of these are documents which are used to pay the amount to someone.

A cheque can be drawn payable on demand while bill is drawn on expiry of certain period.

Learn more at brainly.com/question/24469524

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Last year, a barber shop generated $100,000 in profit. Assume that the shop's profits grow at 5% per year and that cash flows ar
den301095 [7]

Answer:

$2,100,000

Explanation:

Given:

Profit generated = $100,000

Profit growth rate = 5% per year

Discount rate = 10% per year

Now,

The present value of the future profit can be calculated using the formula as:

Present value = \frac{\textup{Current cash flow}\times\textup{(1+profit growth rate)}}{\textup{Discount rate - Growth rate}}

or

Present value = \frac100,000\times\textup{(1+0.05)}}{\textup{0.10 - 0.05}}

or

Present value = $2,100,000

The present value of all the shop's future profits will be $2,100,000

5 0
4 years ago
Marketing managers at Nordstrom have had experts create initial forecasts, averaged their results, and then returned the average
Murrr4er [49]

Based on the provided information, the technique that Nordstrom managers were using is Delphi technique.

<h3>What is a Delphi technique ?</h3>

Delphi technique  can be regarded as the structured communication technique which is been developed to serve as interactive forecasting method that is based on a panel of experts.

Therefore, Nordstrom managers as using Delphi technique.

Learn more about  Delphi technique at;

brainly.com/question/24506250

7 0
3 years ago
Baskets Inc. gathered the following actual results for the current month: Actual amounts: ​ Units produced 5600​ Direct material
Novosadov [1.4K]

Answer:

Direct Material Quantity Variance = $10200 Fav

Explanation:

given data

Units produced =  5600​

Direct materials purchased and used (7800 lbs.) = $70,200

Budgeted production = 5300 units

Direct materials 2.0 lbs/unit =  $3/lb

to find out

direct materials quantity variance

solution

we get here Direct Material Quantity Variance that is express as

Direct Material Quantity Variance = (Standard Quantity - Actual Quantity) × Standard Rate     ......................1

so put here value we get

Direct Material Quantity Variance = ( 5600 × 2.0 - 7800 ) × 3

Direct Material Quantity Variance = (11200 - 7800 ) × 3

Direct Material Quantity Variance = $10200 Fav

3 0
3 years ago
Since the 1980s, many "developing" countries have liberalized trade and investment, often because they have had to accept IMF St
kolezko [41]

Answer:Please Refer to the explanation section

Explanation:

The question has insufficient information, we are supposed to be studying the diagram to determine outlier countries with poorest international shipping logistics. i have consulted the International Shipping Logistic performance  index 2018 to find poorest countries in terms of international shipping logistics. according to the world bank countries like Zimbabwe, Lesotho , Syrian Arab Leon , Sierra Leon and Niger are some of the poorest countries when incomes to international shipping

Challenges Faced by these countries.

  • Challenge of being land locked.

Countries like Zimbabwe , Niger and Lesotho face great challenges in international shipping logistics because they are land locked. any Political instabilities in the neighbouring countries affect they logistics businesses directly because the need entry to other countries to transport goods

  • Political Instability

Countries like Syrian Arab Republic, Somalia and Sierra Leon suffer from Political instability which makes it difficult for the to trade with other countries.

3 0
4 years ago
Required information A bank reconciliation proves the accuracy of the depositor's and the bank's records. The bank statement bal
nikklg [1K]

Answer:

Does this question belongs to economics????

5 0
4 years ago
Read 2 more answers
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