Why does a business owner lower the price of products that are not selling quickly?

The primary difference between the accrual basis and the cash basis of accounting is:

Jane refused on the basis that she never gave refunds and that Bob took the risk that the painting was not done by Bill. Should Bob sue in small claims court, who will likely win and why?

Bo Borg is the vice president of purchasing for Crater Corp. He has authority to enter into purchase contracts on behalf of Crater, provided that the price under a contract does not exceed $2 million.

Why might a bank offer to make a loan to a customer at a low initial rate that will increase after a set period of time?

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At the end of the year, Dahir Incorporated's balance of Allowance for Uncollectible Accounts is $2,700 (debit) before adjustment. The company estimates future uncollectible accounts to be $13,500.

Which best explains why large companies pay less for goods from wholesalers?

The marketing manager of ToyBiz indicated that due to manufacturing efficiencies and market buzz, a new toy they were about to launch was likely to generate revenue beyond original projections.

Astronauts can use 3D and molecular printers for shelter construction and food preparation on site instead of having to carry the materials to mission sites, thus A.

arter Company sells merchandise on account for $4,000 to Hannah Company with credit terms of 2/10, n/30. Hannah Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period.