Mr. Pavel is an RMG businessman. For this business purpose he has taken a loan from a local bank and has given business usage vehicle as collateral to the bank What mode of charge is it and why? Why not others?

Mr. Pavel is an RMG businessman. For this business purpose he has taken a loan from a local bank and has given business usage vehicle as collateral to the bank What mode of charge is it and why? Why not others?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Q: Part 1 In 2014, Celgene had revenue of $7,670 million, cost of goods sold of $276 million, and…

A: NOTE: We are allowed to do one question only at a time. Given: Revenue = $7,670 million COGS = $276…

Q: How does International Financial Reporting standards affect companies that sell inventory?

A: International financial reporting standards (IFRS) are considered to be a set of rules for the…

Q: A short-term promissory note issued by largecorporations is known asa. debenture agreement.b. equity…

A: A short-term promissory note issued by largecorporations is a written agreement which is between the…

Q: Advantages and disadvantages/challenges of applying henri fayol 14 principles in a bank Pls…

A: DESCRIPTION OF HENRI FAYOL'S OBL RULES 1. Division of Work: According to Henry Fayol under the…

Q: FOB retailer means: -the vendor pays the transportation charges to the retailers store or warehouse…

A: In international trade, the term "FOB" ( means "Free on Board") is frequently used to refer to the…

Q: list out different types of bill of ladings and explain it

A: Bill of lading: It is the document which shows the contract existing between the carrier of cargo…

Q: What is the difference between the effective interest method and the straight line method when…

A: The straight-line method, as well as amortization, are techniques of accounting used for discounting…

Q: In Georgia, which of the following pieces of information about a sellers loan should not be obtained…

A: A buy cash contract is a home loan gave to the borrower by the merchant of a home as a component of…

Q: Why there is a need to formulate credit and collection policy?

A: Note: We'll answer the first question as a question that needs to be answered is not specified.…

Q: Happy Air is a company that builds airplanes. It typically orders parts for its airplanes from other…

A: Outsourcing is a business process in which an organisation hires a third party to provide services…

Q: Discuss the concept of stockout costs. How canstockout costs be calculated?

A: Stock out costs are the cost which arises when an organization is not able to fulfil the demand due…

Q: A former needs to pay suppliers Rs.5000 for seeds which he repay when he sells his crop two month…

A: The need for financing can be classified into two classes, one is the need for a working capital…

Q: In basketball, regarding the rules of trading, what is being allocated and to whom? Give a brief…

A: In basketball, trading is an important part of the game, as it allows teams to acquire new players…

Q: Faith Blush started to sew dresses as a hobby. Later she learned how to make custom jewelry. She has…

A: The business can be defined as the place where many people are working together for the one…

Q: What cost are associated with carrying receivables? What costs are associated with not granting…

A: The monetary worth of expenditures for supplies, services, labor, products, equipment, and other…

Q: (Please do not give solution in image format thanku) Describe the role of RBI in exchange control .

A: The role of the Reserve Bank of India (RBI) in foreign exchange management is primarily to regulate…

Q: mplified the task of accounting for products before the time of production usage?

A: Inventories are a common feature in manufacturing processes. Materials management is a critical…

Q: Why is it important for a salesperson to understand orderprocessing—regardless of the type of…

A: The series of actions taken by a company to fulfill a client order is known as sales order…

Q: discuss the capital maintenance Doctrine and out line why and when it was first imlimented

A: The capital maintenance doctrine, also known as the principle of capital maintenance, is a…

Q: which one would you choose, electronic billing/invoicing or traditional invoicing? Why

A: E-invoice Sending and receiving invoices in a structured data format between software applications.…

Q: It is about Hong Kong Tax, Special Business, Financial Institution, profit tax calculation. Explain…

A: The question is asking for an explanation of the relationship between certain sections of the Hong…

Q: Which item is the most liquid asset for companies? A:Accounts receivable B:Inventory C:Marketable…

A: Answer is choice D. Cash

Q: Why is it not possible to incorporate a S-corporation for the purpose of forming a Real Estate…

A: S- corporation is recommended to the small business seeks advice to structure their businesses. S…

Q: 1. A Correspondent bank is a bank that has formed a “partnership” with other banks in order to…

A: In the world of banking and financial transactions, there are specific phrases and concepts that…

Q: Mr. Appoh has operated a satisfactory account with your branch for a period of 6 years. He is a…

A: The documents which Mr. Appoh is required to present are as stated in Step 2.

Q: Type A and Type B cash flows are suited for repaying a different kind of loan. What type of cash…

A: An item, material, and goods are sold by the business to the organization to earn a profit are known…

Q: At December 31, the Wendy Company has ending inventory with a historical cost of $633,000 valued…

A: The first adjusting entry eliminates the opening balance of the inventory account by crediting…

Q: State Lending assisstance meaning

A: Lending is the act of transferring funds to a borrower in exchange for the borrower paying interest…

Q: Examples of the fixed costs and variable costs of establishing such a new branch of Bank? and…

A: Fixed costs are the expenses that don't change and remain constant for a long period of time with…

Q: A bank is considering implementing a pull-type release control policy to speed up the time to…

A: A pull system is a strategy used in the manufacturing process to reduce the wastage of resources.

Q: Naman and Govind after finishing their graduation under vocational stream decided to start their own…

A: The business environment includes employees, customer needs and expectations, supply and demand,…

Q: Discuss the difference between procurement and purchasing. Explain and discuss deeply

A: Purchasing and procurement are the terms that are mostly used interchangeably. Many organizations…

Q: How are purchases participating in the management of the inventory expenditure of a company directly…

A: In supply management, the management of materials, raw materials, and facilities is referred to as…

Q: 17. What banks perform the function of the organization of issue and placement on the market of…

A: The correct option is C: Investment Banks Investment banks refer to the large financial…

Q: Distinguish between FOB destination and FOB origin. Whatprocedures should the auditor follow…

A: Inventory is of different types of work-in-progress, raw material, finished Goods, repair. The main…

Q: From experience you are sure that you need to add 12% of variable cost as a waste allowance cost for…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Identify the advantages , disadvantages and cost of holding inventory?
The Importance of Bills of Lading
Introduction to business
1 Which of the following is a type of financing that generally refers to resources that must be repaid in a period of up to one year? a) Very long term financing B) Very short term financing NS) Medium term financing D) long term financing TO) short term financing
Explain the following the following statuary requirements :VAT,PAYE,UIF and Licensing?
Obtaining money from venture capitalists to start a new business venture is an example of Multiple Choice trade credit factoring. mortgaging. debt financing. equity financing. Prev 5 of 10 Next >
Choose any company from United kingdom and write about their inventory management system and how they are handling their materials in their warehouse?
What is the difference between backorder and lost sale?
Discuss some of the reasons for holding inventory or stock?
You are the managing Director of Mediconsult, a medical supplies company, located at Tema. Due to the COVID-19 pandemic, your regular import of supplies has been cut by half. As a result, you are unable to meet the demands of most of your clients. Write a letter to the Procurement Director of Abala Hospital, Spintex Road, to inform her of your inability to supply her company's request for face masks.
What are the 13 schedules of CMS payment system?
What is credit collection policy?