Answer:
The correct answer is intangible.
Explanation:
An intangible asset is a product or service that should not be physically delivered, but that provide us with a service. An intangible product, also called service, should not necessarily revolve around a physical product; There are also so-called pure services, that is, whoever buys a service is not buying something physical; Who buys or hires a service is paying for a transformation process.
Answer:
Memo
To: The Finance Manager
From: The Payables Accountant
Subject: Bank Loan to Pay Suppliers
Date: October 5, 2020
The above subject on our previous discussion refers.
This memo clarifies the advantage of borrowing from our bank the sum of $100,000 in order to offset the account of our supplier who has offered us the trade terms of 2/10, n/30.
Recall that the bank loan's interest rate is 6% per annum. If we borrow within the month and repay 30 days after, the interest cost will be $500 ($100,000 * 6%/12).
You can compare this to the discount we shall receive from the supplier totaling $2,000 ($100,000 * 2%). We can even extend the bank loan to 2 months, thereby paying a total interest cost of $1,000 ($500 * 2).
The implication is that we shall be making some gains by taking advantage of the cash discount. May you approve the loan based on this clarifications.
Regards,
Tony Ohagwam
Explanation:
This memorandum attempts to justify the request for a bank loan in order to settle the bill of one of our company's suppliers. It demonstrates the huge financial benefits that are implicit in accepting cash discounts from suppliers.
These requirements are called Workplace skills. These are
the skills that an employee should possess in order for the company to attain
its goals. These skills are needed of a candidate or an employee and these
skills are needed for all companies or any industry. Examples of workplace
skills are good communication skills, having good analytical skills, good
interpersonal skills, good leadership skills, and being professional.
