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2 years ago

Unlike consumer credit, trade credit does not involve the use of a

Business

1 answer:

hammer [34]2 years ago

3 0

Answer:

Trade credit means many things but the simplest definition is an arrangement to buy goods and/or services on account without making immediate cash or check payments. Trade credit is a helpful tool for growing businesses, when favorable terms are agreed with a business's supplier.

Explanation:

Trade credit allows businesses to receive goods or services in exchange for a promise to pay the supplier within a set amount of time. New businesses often have trouble securing financing from traditional lenders; buying inventory, for example, on trade credit helps increase their purchasing power.

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The balance sheet of Subsidiary shows assets of $86,400 and liabilities of $15,000. The fair value of the assets is $90,000 and

Andrews [41]

Answer:

b. $20,000

Explanation:

Goodwill = Investment in Subsidiary - (Asset With book value - Liability with book value) - (Fair value of Asset - Book value of Asset)

Goodwill = $95,000 - ($86,400 - $15,000) - ($90,000 - $86,400)

Goodwill = $95,000 - $71,400 - $3,600

Goodwill = $20,000

So, parent should record goodwill on this purchase of $20,000

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3 years ago

Grains occupy slightly more than ____________ of the plate. The message to make half your grains ____________ is stressed throug

Vladimir79 [104]

Answer:

Grains occupy slightly more than one-fourth of the plate. The message to make half your grains whole is stressed throughout accompanying consumer-education materials.

Explanation:

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3 years ago

Mr. and Mrs. Alvarez paid $130,000 for their home 30 years ago. They recently sold this home and moved into a rented apartment.

amid [387]

The tax consequences faced by Mr. and Mrs Alvarez for the sale of their home are as follows:

a. They have a realized loss of $5,000 for situation A.

b. They have a realized gain of $320,000 for situation B.

c. They have a realized gain of $720,000 for situation C.

Data and Calculations:

Cost of the home 30 years ago =$130,000

a. Realized capital loss = $5,000 ($130,000 - $125,000)

b. Realized capital gain =$320,000 ($450,000 - $130,000)

c. Realized capital gain = $720,000 ($850,000 - $130,000)

Thus, Mr. and Mrs. Alvarez can also claim the full $500,000 exemptions to reduce their capital gain tax burdens in the three situations since they inhabited the home for more than two years. However, their exemptions are limited to the net gain.

Learn more: brainly.com/question/17005177

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2 years ago

What are the forces that together comprise the invisible hand?

nalin [4]

The answer to the question asked above are self-interest, competition, and supply and demand, it was noted for having the capaility of allocating resources in society.

Hope my answer would be a great help for you. If you have more questions feel free to ask here at Brainly.

7 0

3 years ago

Read 2 more answers

sergij07 [2.7K]

Answer:

take good notes and ask good questions

Explanation:

why because taking good notes help you go through back again, ask good questions keeps it in ur mind....

8 0

2 years ago