Question: When Naja opened her craft store, her yarn supplier allowed her to charge up to $ 1 0 0 0 in merchandise with no set

When Naja opened her craft store, her yarn supplier allowed her to charge up to $

1000

in merchandise with no set payment amounts due. Naja paid off the balance as she sold the yarn and was then able to order more yarn on credit, up to her $

1000

limit

.

This arrangement is considered a form of

affordable loss

due diligence

bricolage

revolving ctedit

When Naja opened her craft store, her yarn supplier allowed her

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Komiko Tanaka invests $12,000 in LymaBean, Inc. LymaBean does not pay any dividends. Komiko projects that her investment will generate a 10 percent before-tax rate of return. She plans to invest for...

1. Which of the following statements is incorrect? Select one: a. Angel investor is a wealthy individual who invests in companies in relatively early stages of development. b. Pull-through system is...

5. The minimum possible expenditure of capital and other resources in order to bring an entrepreneurial idea to market is known as Select one: a. leverage contingencies. b. bootstrapping. c. lean...

When Naja opened her craft store, her yarn supplier allowed her to charge up to $1000 in merchandise with no set payment amounts due. Naja paid off the balance as she sold the yarn and was then able...

I need to create an executive level report on the internal management of Belk. Inc. My assignment is that I am looking to acquire Belk, What information and analysis do I need to have in this report?...

JETRO CORPORATION Unadjusted Trial Balance As Of December 31, 2019 DEBIT CREDIT P 380,000.00 2,000,000.00 1,260,000.00 239,200.00 150,000.00 140,000.00 2,490,000.00 357,000.00 440,000.00 920,000.00...

Accounting Activity... Hi Tutors. Please answer this accounting activity. I'm really having a hard time with it. It's SO confusing and I just can't..... I will leave a google drive in the comment...

Questions: Why is Wal-Mart successful in the US? What are its competitive advantages? Should Wal-Mart replicate its domestic model in its original form in China? Why? Can it build the same...

$ millions for Research In Motion and Apple. 4-9, Nokia, Research in Motion, and Apple are competitors in the global marketplace. Key comparative figures for each company follow. Nokia* . . . . . . ....

On January 1, 2018, A. Hamilton, Inc. (AHI) provides a loan of $3,000,000 to Reynolds Manufacturing Corp. (RMC). The terms of the loan require payment of the loan no later than January 1, 2023. RMC...

The start-up ecosystem in Beirut is an early to middle stage ecosystems, that has passed its early growth phase but is still far from maturity. On average, each year, 12 more start-ups are created...

Brief Exercise 6-25 Unit Cost, Valuing Goods Transferred Out and EWIP During April, the grinding department of Tranx Inc. completed and transferred out 315,000 units. At the end of April, there were...

is a collection of applications that supports decision makers by providing access to a shared environment and information. Collaboration software Databaseware Firmware Geographic information software