360 feedback is the performance appraisal method that includes superiors, subordinates, peers, and even customers in the appraisal employee's process. 360-degree appraisals:
In this method, the employee's feedback is gathered from those who interact with him in the organisation, such as his superiors, peers, subordinates, and customers. Each employee's required competencies and job expectations must be written down. Employee performance is evaluated on an individual basis. A one-on-one interview between the manager and the employee is planned to discuss the review. The reviewer customers is given a number of statements that apply to the employee and must decide whether each statement is true or false using the forced choice method. To put it another way, the reviewer is forced to make a decision.
To learn more about customers, click here.
https://brainly.com/question/13472502
#SPJ4
what is your analysis on walmart financial health as of january 2021 compare to 2022
1. Should we have a Balanced Budget amendment? Are you for or against an amendment and why? Please discuss the consequences in your answer and provide data to support your position.
2. Should we go back to the Gold standard? Why or why not?
3. How does fiscal policy play a role in deficit building?
A balanced budget amendment would require the government to spend only what it takes in through revenue. Supporters argue that it would force the government to prioritize spending and reduce the national debt. However, opponents argue that it could lead to spending cuts on important programs such as Social Security, Medicare, and education.
The consequences of a balanced budget amendment could also vary depending on economic conditions. During a recession, the government may need to increase spending to stimulate the economy, which would be difficult with a balanced budget requirement.
Fiscal policy, which involves government spending and taxation, can play a significant role in deficit building. When the government spends more than it takes in through revenue, it results in a budget deficit. Fiscal policies that involve tax cuts or increased spending can contribute to deficits.
For example, if the government reduces taxes without reducing spending, it could lead to a budget deficit. Similarly, if the government increases spending without increasing revenue, it could also contribute to a deficit. Therefore, it is crucial for policymakers to consider the impact of fiscal policies on the budget deficit and make decisions that prioritize fiscal responsibility.
To know more about balanced budget pls visit:
https://brainly.com/question/31421016
#SPJ11
copyright law protects the expression of
Answer:
Copyright protection generally lasts for 70 years and protects the original expression of an idea, whether literary, artistic, commercial or otherwise. It is used to protect original works of authorship that are fixed in a tangible medium of expression.
Explanation:
Burley agrees to lease his boat to Sam for the upcoming weekend. Sam agrees to pay $1500 to Burley for 2 days with pick up on Friday afternoon. On Thursday, the boat catches fire. A __________ is a future, uncertain event that discharges the duty to perform.
condition subsequent
concurrent condition
condition precedent
constructive condition
B) Gayle agrees to pay Pat $1,000 for painting her house "on condition that" Pat finish the job no later than October 1, 2019. Which of the following statements is false?
If Pat does not finish the job by October 1, 2019, he will have breached the contract.
If Pat does not finish the job by October 1, 2019, he is not discharged from performing.
Gayle does not have a duty to pay the contract price.
A standard of strict or complete performance would be applied to Pat’s performance.
C) In the case in the text, Harrison v. Family Home Builders, LLC, 84 So. 3d 879 (Ala. Ct. App. 2011), the court held that:
FHB was entitled to a reasonable time to perform the contract.
FHB failed to render substantial performance of the contract.
FHB failed to perform the work in accordance with the plans and specifications provided by the Harrisons.
FHB failed to perform the work in a workmanlike manner.
D) Christy took her 12 year old daughter Aubrey to play laser tag with her friends. Christy, as Aubrey’s mom, had to sign an agreement and release of liability in order for Aubrey to be able to play. The relinquishment of rights by a party in a contract is called a(n):
waiver.
reliance interest.
impossibility.
rescission.
Burley agrees to lease his boat to Sam for the upcoming weekend. A condition precedent is a future, uncertain event that discharges the duty to perform.
A lease is a legal agreement that obliges the user to pay the owner in exchange for using a particular item. Leasing commons includes real estate, construction projects and automobiles. We also rent devices for businesses and industries.
A lease is basically a contract between a landlord and a tenant. The property is the legal property of the lessor, and the lessor receives regular rental payments from the lessee in exchange for using the property. Tenants agree to follow certain guidelines when using the property or equipment.
To know more about Lease here-
https://brainly.com/question/29216664
#SPJ4
According to Feiler, what is the good news about families today? What is the bad news and the worst news? Have you witnessed any examples of the good or bad news about families personally?
A new approach to family dynamics, inspired by cutting-edge ideas gathered from specialists in the fields of science, business, sports, and the military, has been outlined in The Secrets of Happy Families by New York Times bestselling author Bruce Feiler.
According to Feiler, What is the secret of happy families?Despite all the new studies on individual happiness, spending time with the people you care about may be quite fulfilling. In actuality, it is the best indicator of overall life pleasure. The pace and demands of everyday life leave almost everyone feeling fully exhausted, and this tiredness has a significant negative impact on family harmony.
Numerous studies have found that stress is the top issue for both parents and kids. This refers to both internal and external stress. Additionally, stressed parents pass that stress on to their kids. Parental stress damages children's brains impair their immune systems, and increases their chances of obesity, mental disease, diabetes, allergies, and even tooth decay, according to studies.
Learn more about happy families, here:
https://brainly.com/question/28689802
#SPJ2
The Hub Store at a university in eastern Canada is considering purchasing a self-serve checkout machine similar to those used in many grocery stores and other retail outlets. Currently the university pays part-time wages to students totalling $64,000 per year. A self-serve checkout machine would reduce part-time student wages by $44,000 per year. The machine would cost $420,000 and has a 10-year useful life. Total costs of operating the checkout machine would be $6,800 per year, including maintenance. Major maintenance would be needed on the machine in five years at a total cost of $11,800. The salvage value of the checkout machine in 10 years would be $49,000.
The CCA rate is 25%. Management requires a 10% after-tax return on all equipment purchases. The company’s tax rate is 30%.
1. Determine the before-tax net annual cost savings that the new checkout machine will provide.
2-a. Using the data from (1) above and other data from the exercise, compute the checkout machine’s net present value. (Hint: Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations and round your final answer to the nearest dollar amount. Negative value should be indicated with minus sign.)
2-b. Would you recommend that the machine be purchased?
The before-tax net annual cost savings that the new checkout machine will provide is $54,840 per year.
How do you determine the values?To determine the before-tax net annual cost savings that the new checkout machine will provide, we need to calculate the difference between the current part-time student wages and the total operating costs of the checkout machine.
Current part-time student wages: $64,000 per year
Total operating costs of checkout machine: $6,800 per year + $11,800 in five years = $6,800 per year + $2,360 per year
Total savings: $64,000 - ($6,800 + $2,360) = $54,840 per year
2-a. To compute the net present value (NPV) of the checkout machine, we need to use the following formula:
NPV = -Cost of investment + (Annual savings / (1 + Discount rate)^n) + (Salvage value / (1 + Discount rate)^n)
Where n is the number of years, Discount rate is the required rate of return, in this case 10% after-tax, and the salvage value is in the last year.
Cost of investment = $420,000
Annual savings = $54,840
Salvage value = $49,000
Discount rate = 10% after-tax = 10%*(1-30%) = 7%
n = 10 years
NPV = -$420,000 + ($54,840 / (1 + 0.07)^10) + ($49,000 / (1 + 0.07)^10) = -$420,000 + $38,982 + $27,813 = $-353,205
2-b. Based on the NPV calculation, the machine has a negative value so it would not be recommended to purchase. The company will lose money by purchasing it.
Therefore, the correct answer is as given above
learn more about before-tax: https://brainly.com/question/9437038
#SPJ1
Outline the initiatives that Woolworths have chosen, use to lessen their impact on environment.
What is holistic market?
Answer:
Holistic marketing is a business marketing philosophy which considers business and all its parts as one single entity and gives a shared purpose to every activity and person related to that business.
Explanation:
A company is planning to expand its production from its current price (1050 PKR/unit) and getting a total revenue of 37800/PKR at a fixed cost of 1000/- PKR and variable cost of 1050/- PKR. If currently the company is producing 36 units, how many further units can the company make while staying in profit if the appreciation in variable cost (2.13) and depression in price (2.13) per unit from the previous unit
The company can only produce up to 18 units while staying in profit considering the appreciation in variable cost and the depression in price.
The company is planning to expand its production and get a total revenue of 37800/PKR at a fixed cost of 1000/- PKR and a variable cost of 1050/- PKR.
Currently, the company is producing 36 units, and the current price per unit is 1050 PKR/unit.
The total revenue for the current production will be 36 units × 1050 PKR/unit = 37800 PKR.
Since the total revenue is equal to the sum of fixed cost and variable cost, it implies that;
Total Revenue = Fixed Cost + Variable Cost
Multiplying both sides by the number of units gives;
Total Revenue × Number of Units = Fixed Cost × Number of Units + Variable Cost × Number of Units
Rearranging gives;
Variable Cost × Number of Units = Total Revenue × Number of Units
Fixed Cost × Number of Units
Substituting with values from the problem statement, we have;
Variable Cost × Number of Units = 37800 × Number of Units - 1000 × Number of Units
Variable Cost × Number of Units = (37800 - 1000) × Number of Units Variable Cost × Number of Units = 36800 × Number of Units
But the variable cost is given as 1050 PKR/unit.
Therefore, we can write;
1050 × Number of Units = 36800 × Number of Units
1050 = 36800
Since the price of production has depreciated by 2.13, the current price per unit is equal to;
1050/2.13 = 493 PKR/unit
For the company to make a profit, the total revenue must be greater than the total cost.
Therefore; Total Revenue > Fixed Cost + Variable Cost
Multiplying both sides by the number of units gives;
Total Revenue × Number of Units > Fixed Cost × Number of Units + Variable Cost × Number of Units
Substituting with values from the problem statement, we have;
37800 × Number of Units > 1000 × Number of Units + 1050 × Number of Units37800 > 2050 × Number
Units Solving for the number of units;
Number of Units < 37800/2050Number of Units < 18.44 units
Therefore, the company can only produce up to 18 units while staying in profit considering the appreciation in variable cost and the depression in price.
For such more question on Variable
https://brainly.com/question/28248724
#SPJ11
Customers might sometimes describe contradictory needs
Customers might sometimes describe contradictory needs which means Option C. Customers sometimes describe needs that oppose each other.
When customers require two different things that cannot be addressed by the same product, it is referred to as a conflicting requirement. There are many reasons why customers may have conflicting needs. Some customers might have a requirement for a product to be both inexpensive and of high quality, for example. Others may desire a product that is both small and powerful. Customers may sometimes find it difficult to articulate what they want, which might result in vague descriptions.
This might make it more difficult for the supplier to provide a solution that satisfies the customer’s needs. Customer service staff must be trained to engage with customers and listen actively to their concerns. They must also be able to identify when there is a contradictory requirement and provide solutions that address the customer's needs in a way that satisfies the customer's expectations while also meeting the supplier's operational needs. Understanding customer needs is an important part of the customer service profession, and it may take some time and effort to develop the necessary skills.
Some customers are very detailed in describing their needs, which can be beneficial for suppliers because it allows them to provide an appropriate solution for the customer. Overall, being aware of conflicting customer requirements is essential in the customer service sector to provide an effective solution. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Customers might sometimes describe contradictory needs.
A. A customer's needs can sometimes be confusing.
B. Customers might sometimes give vague descriptions.
C. Customers sometimes describe needs that oppose each other.
D. Some customers are extremely thorough in describing their needs.
Know more about Conflicting here:
https://brainly.com/question/2488396
#SPJ8
Why is real estate often a great investment?
A.
The initial investment is considerably lower than most other investments.
B.
Over time, houses can increase in value while also serving as a dwelling for the investor.
C.
It is a liquid investment that allows homeowners access to their cash immediately.
D.
Renting real estate takes all of the responsibility off of the investor.
The correct option is B). Over time, houses can increase in value while also serving as a dwelling for the investor.
What is Real estate investment?Real estate investing refers to the investment that involves the purchase, sale or rental of real estate for profit.
Real estate investment potentially offer more competitive returns as compared to the stocks and bonds.
Investment in real state is often profitable as it offers tax benefits, cash flow, appreciation, and passive income.
Learn more about the Real estate investment here:-
https://brainly.com/question/10336196
#SPJ1
Airports Company of South Africa (ACSA) owns and operates principal airports in South Africa. How can ACSA improve the safety and security issue at the major airports in which in operates at?
ACSA improve the safety and security issue at the major airports in which in operates at through the following:
Improvement of screening Lanes.Employment of more rained personnel.Installing pre-security checkpoints.What is Safety?This is defined as a condition in which an individual is protected from harm or any type of danger.
The use of trained personnel and cameras are vital in ensuring that the security in airports are improved so as to prevent accidents and death.
Read more about Safety here https://brainly.com/question/7449721
#SPJ1
For your speech to be effective, you must carefully consider what your specific
a. purpose
b. audience
c. thesis
d. research
Please select the best answer from the choices provided
A
AB
C
OD
is.
What is the difference between marginal cost and marginal revenue?
A. Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good.
B. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
C. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit.
D. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more unit.
The difference between Marginal cost and Marginal Revenue is that Marginal cost is the money paid for producing one more unit of a good while Marginal revenue is the money earned from selling one more unit of a good.
What is Marginal Cost?Marginal cost refers to the additional cost incurred by increasing the quantity of a product by one unit. It could also be said to be the extra expense a business incurs when producing one additional product or service.
What is Marginal Revenue?Marginal revenue refers to the additional revenue generated by a business by producing an extra unit of a commodity.
As seen above, the difference between marginal cost and Marginal revenue is that Marginal cost is the money paid for producing one more unit of a good while Marginal revenue is the money earned from selling one more unit of a good.
Therefore option B is correct.
Learn more about Marginal Cost at
https://brainly.com/question/12231343
#SPJ1
Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows a $20,361 balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 1,850 Outstanding checks 945 Additionally, a $37 check written and recorded by the company was incorrectly recorded by the bank as a $73 deduction. The adjusted cash balance per the bank records should be:
Answer:
Bank Statement Balance = $20361
Deposit In Transit. = $1850
Outstanding Checks. = $945
Additional Check. = $73-$36
Adjusted Cash Balance. = $23193
Bonita Industries produces flash drives for computers, which it sells for $30 each. Each flash drive costs $6 of variable costs to make. During April, 1000 drives were sold. Fixed costs for April were $6000. How much does Bonita’s operating income increase for each $2400 increase in revenue per month?
Answer:
See below
Explanation:
Sales ($30 × 1,000 drives sold)
$30,000
Less:
Variable cost ($6 × 1,000 drives sold)
($6,000)
Contribution margin
$24,000
Less:
Fixed costs
($6,000)
Operating profit
$18,000
Therefore, Bonita's operating income increases by $18,000 per month
When an accelerated depreciation method is used to calculate depreciation expense: Multiple Choice the accumulated depreciation account balance will increase by a larger amount in the last half of an asset's life than if straight-line depreciation is used. the net book value of the asset halfway through its useful life will be less than if straight-line depreciation is used. the net book value of the asset at the end of its useful life will be less than if straight-line depreciation is used. depreciation expense will be less in the early years of the asset's life than if straight-line depreciation is used.
Answer:
the net book value of the asset halfway through its useful life will be less than if straight-line depreciation is used.
Explanation:
Let me use an example to illustrate this.
An asset has a useful life of 4 years. It costs $1000. It has a salvage value of 0
If the straight line depreciation method is used , the depreciation expense every year = $1000/ 4 = $250
The net book value halfway through its useful life = $1000 - ($250 x 2) = $500
If double declining method is used, the depreciation expense in the first year would be = 2/4 x $1000 = $500
The net book value at the beginning of year 2 = $1000 - $500 = $500
Depreciation expense in year 2 = 2/4 x $500 = $250
The net book value at the beginning of year 3 = $500 - $250 = $250
We can see that the net book value halfway through the useful is lower when double declining depreciation method is used
consumers that expect the price of a good to go up are likely to
a. wait to buy the good
b. demand more of the good
c. buy the good Now
d. buy a substitute
Answer:
c. Buy now
Explanation:
Since they know that the price would go up in the future, they would better off buying now
Imprudential, Inc., has an unfunded pension liability of $578 million that must be paid in 20 years. To assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 7.1 percent, what is the present value of this liability? (Enter your answer in dollars not in millions, e.g., 1,234,567. Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Present value $
Answer:
$146,601,502.64
Explanation:
Preparation of the present value of this liability
Using this formula
PV = FV / (1 +r)t
Where,
FV=$578,000,000
r=(1+0.071)=(1.071)
t=20 years
Let plug in the formula
PV = $578,000,000 / (1+0.071)^20
PV = $578,000,000 / (1.071)^20
PV = $578,000,000 / 3.942660815715
PV = $146,601,502.64
Therefore the present value of this liability will be $146,601,502.64
In a market economy with perfect competition, sellers
Answer:
There are a large number of buyers and sellers in a perfectly competitive market. The sellers are small firms, instead of large corporations capable of controlling prices through supply adjustments. They sell products with minimal differences in capabilities, features, and pricing.
The unadjusted trial balance of Sheridan Exposure Inc. had these balances for the following select accounts: Supplies $4,300, Unearned Service Revenue $9,250, and Prepaid Rent $1,920. At the end of the period, a count showed $960 of supplies on hand. Services of $4,100 had been performed related to the unearned revenue account, and one month’s worth of rent, worth $40, had been consumed by sheridan exposure. Record the required adjusting entries related to these events. (List all debit entries before credit entries. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
No Entry is required for the Supplies, Unearned Service Revenue, and Prepaid Rent accounts since their balances have been adjusted through the adjusting entries above.
To record the required adjusting entries related to the events mentioned, we need to consider the changes in the account balances and adjust them accordingly. Here are the adjusting entries for Sheridan Exposure Inc.:
Supplies:
Debit: Supplies Expense ($4,300 - $960) = $3,340
Credit: Supplies ($4,300 - $960) = $3,340
Explanation: The supplies on hand decreased by $960, indicating that $960 worth of supplies were used during the period. Therefore, we need to recognize the expense by debiting Supplies Expense and reduce the Supplies account balance with a credit.
Unearned Service Revenue:
Debit: Unearned Service Revenue ($9,250 - $4,100) = $5,150
Credit: Service Revenue ($9,250 - $4,100) = $5,150
Explanation: Services worth $4,100 were performed, reducing the unearned service revenue. We need to recognize the revenue by debiting the Unearned Service Revenue account and crediting the Service Revenue account.
Prepaid Rent:
Debit: Rent Expense ($40)
Credit: Prepaid Rent ($40)
Explanation: One month's worth of rent, amounting to $40, has been consumed. We need to recognize the expense by debiting Rent Expense and reduce the Prepaid Rent account balance with a credit.
For more such questions on accounts visit:
https://brainly.com/question/28326305
#SPJ8
Do you know the Travis Bruns sales rep for Crown Lift Services case study
Answer:
what's the question I can help you if u give me the question
Post-assessment
Question 2 of 10
Which of these is true about social signals?
The option which is always true about social signals is : "They may have different meanings across cultures."
What are social signals?Social signals are interactions between social media users and the content you share on your website.
Below are some examples of social signals. Someone shared a link to a page on your site in a public Fac. ebook post. The post will receive likes, comments and other shares. Social signals are interactions and engagement between people with posts on social media.
Social signals include: Fac. ebook likes, comments and shares. Tw. itter likes, retw. eets, quotes and conversations.
Learn more about social signals at:
https://brainly.com/question/14833013
#SPJ1
Full Question:
Although part of your question is missing, you might be referring to this full question:
Which of these is true about social signals?A. They are always clear and obvious.B. Only peers send them to each other.C. They tell you everything you need to know.D. They may have different meanings across cultures.
.
Example of dependability:
Opposite of dependability:
Why does your employer want you to demonstrate dependability?
Employer want you to demonstrate dependability because dependable employees are willing to assist clients and coworkers without his supervision, a company desires them.
What do you mean by Dependability?Dependability is characterized as the capacity to be trusted or depended upon.
Reliable and dependable in carrying out duties linked to the job, completing tasks given to them, and keeping appointments and deadlines. Keywords: Reliable, Consistent, and Stable. Additionally, having dependability might enhance the quality of your life. If you are dependable, people will know they can rely on you to show up on time, give an assignment your all, see it through, and even act morally when no one is looking.
Therefore, Employer want you to demonstrate dependability because dependable employees are willing to assist clients and coworkers without his supervision, a company desires them.
Learn more about Dependability, here;
https://brainly.com/question/13431577
#SPJ1
What is the purpose of an inspection report
Show how Accounts Receivable, Notes Receivable, and their related accounts would be reported in the current assets section of a classified balance sheet at the end of the quarter on March 31. (Do not round intermediate calculations.)
Accounts Receivable and Notes Receivable are both considered current assets, and they would be reported separately in the current assets section of a classified balance sheet at the end of the quarter on March 31.
How they might be recorded?
Here's an example of how they might be reported:
Current Assets:
Cash $XX,XXX
Short-term investments $XX,XXX
Accounts receivable $XX,XXX
Less: Allowance for doubtful accounts ($X,XXX)
Net accounts receivable $XX,XXX
Notes receivable $XX,XXX
Less: Allowance for doubtful notes receivable ($X,XXX)
Net notes receivable $XX,XXX
Inventory $XX,XXX
Prepaid expenses $XX,XXX
Total current assets $XXX,XXX
In this example, the accounts receivable and notes receivable accounts are listed separately, and each has a corresponding allowance for doubtful accounts/notes receivable account that is deducted to arrive at the net receivable amount.
The net accounts receivable and net notes receivable amounts are then added together to give the total amount of receivables reported in the current assets section of the balance sheet.
It's important to note that the specific account names and amounts will vary depending on the company and their accounting practices, but the overall format and presentation should follow the guidelines of a classified balance sheet.
To know more about Account related question visit:
https://brainly.com/question/22917325
#SPJ1
What is the first thing people should do when creating a budget?
A. Record everything that they spend and what they spend it on
B. Cut spending in every category of expenditures drastically
OC. Put every extra dollar towards paying off their debts
D. Hire an accountant or financial planner to take care of it
it’s A
When creating a budget people should Record everything that they spend and what they spend it on. The appropriate response is option A.
What is a budget ?A budget is an estimate of income and expenditures for a given future period of time, and it is often created and updated on a regular basis. A individual, a group of people, a corporation, a government, or pretty much anything else that makes and spends money can all have budgets.
Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, not falling into debt. Monitoring your income and expenses is a crucial component of budgeting.
To learn more about Budgeting
https://brainly.com/question/18803390
#SPJ1
Distinguish between the two in operations management volume, variety and variation dimensions of canned fruit factory and hair salon
Answer:
Operation processes transform input into output in different ways, among them volume, variety and variation dimensions.
A canned fruit factory follows a volume dimension in the operation process. There is a high demand for canned fruits making it a high demand process whose high volume can be automated or standardized. This systemization leads to a lower cost base.
A hair salon uses a variety dimension in operation processes. Variety relates to a variety of goods or services being sold to customers. This increases sales and profit potential as opposed to offering one or two products. Hair salons have a lot of beauty and hair style offers.
Operating costs incurred by a manufacturing company become either part of the cost of inventory to be expensed as cost of goods sold at the time the finished goods are sold or expenses at the time they are incurred.
A. Wages of factory workers.
B. Costs of raw materials purchased.
C. Sales salaries.
D. Heat, light, and power for the factory building.
E. Heat, light, and power for the headquarters office building.
Sellers allow customers to use credit cards for all of the following reasons: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
a. seller does not have to decide who gets credit
b. seller accepts the risk for extending credit to customers
c. seller receives cash sooner than if credit is granted directly to the customers
d. may allow seller to increase sales volume
e. seller determines which customers receive credit and how much
Answer:
c. seller receives cash sooner than if credit is granted directly to the customers
d. may allow seller to increase sales volume
Explanation:
When a customer uses a credit card, the bank that issued the card pays the seller immediately, and later, the bank recovers the money plus interest from the customer.
So this method allows for a faster collection of cash (basically immediatly) than if the seller granted the credit directly to the customer.
Credit cards also allow seller to increase sales volume because many people lack the cash necessary to pay down the full value of the purchase.
Sellers allow customers to use credit cards for the following reasons:
a. Seller does not have to decide who gets credit.
c. Seller receives the cash sooner than if credit is granted directly to the customers.
d. May allow seller to increase sales volume.
Usage of credit cards:
At the time when the customer used the credit card, so the payment is done immediately by the card but the bank should recovered the amount by adding the interest. Also, it permits the quicker collection of the cash.
Therefore, the above 3 statements should be correct.
And, the rest of the options are incorrect.
Learn more about credit card here: https://brainly.com/question/20474049