The Net Cash Flow in 2020 is $4,600,000.
The calculation to determine the Net Cash Flow in 2020
STATEMENT OF CASH FLOW
For the Year 2020
Cash flow from operating Activities:
Net Income $7,800,000
Add Depreciation Expense of $800,000
Net Cash provided by operating activities $8,600,000
($7,800,000+$800,000)
Cash flow from Investing activities:
Investment in Equipment ($4,000,000)
Net Cash used in Investing activities ($4,000,000)
Net Cash flow in 2020 $3,000,000
Depreciation under the Straight Line method = (Cost - Salvage Value)/Useful Life
Depreciation under Straight Line method= (4000000-0)/5
Depreciation under the Straight Line method= of 800,000
Therefore the Net Cash Flow in 2020 is $4,600,000.
To learn more about Cash Flow, visit the link below:
brainly.com/question/24302107
#SPJ4
25. Consider the following information from the books of Mr. Prince:
Loss for the year 20,000
₹
(1)
(2) Drawing made by Mr. Prince * 50,000
(3) Additional Capital introduced by Mr. Prince 1,00,000
(4) Capital at the end of the year ₹ 4,00,000.
Find the capital contributed by Mr. Prince at the beginning of the year.
A factory and its equipment, intellectual property like patents, or the financial assets of a company or a person are all examples of things that provide value or benefit to their owners and fall within the broad definition of capital.
What is Capital ?While money in and of itself could be considered capital, the term is more frequently used to refer to money that is being used for investments or productive purposes. In general, capital is an essential part of managing a firm day-to-day and funding its expansion in the future.
According to economists, whether a unit is a family, a small firm, a major corporation, or an entire economy, capital is essential to its operation.
Calculation of opening Capital
Closing Capital $400,000
(+) Drawing $ 50,000
(-) Additional Capital ($300,000)
Adjusted Capital 150,000
Opening Capital
Loss ($20,000)
Opening Capital $ 130,000
Learn more about Capital here
https://brainly.com/question/13574089
#SPJ1
On July 1, Year 3, Lundy Company issued for $438,000 500 of its 8%, $1,000 bonds. The bonds were issued to yield 10%. The bonds are dated July 1, Year 3, and mature on July 1, Year 13. Interest is payable semiannually on January 1 and July 1. Using the interest method, how much of the bond discount should be amortized for the 6 months ended December 31, Year 3
Lundy Company will have a bond discount that should be amortized and will be $1,900.
$21,900 worth of interest was paid in the first six months after the bonds were issued [$438,000 carrying amount x 10% effective rate x (6 x 12)]. The regular cash payment equals $20,000 [$500,000 face amount x 8% stated rate x (6 + 12)] every period. The amount of the discount that needs to be amortised over this 6-month interest term is the $1,900 ($21,900 - $20,000) difference.
A bond's bond discount is the difference between the market price and the principal that will be due when the bond matures. Because the higher face value is paid when the bond matures, a bond that was issued at a discount has a market price below its face value. This results in capital growth over time. When a bond offers a coupon rate that is less than the going rate of interest, it will trade at a discount. Investors will pay less for a bond with a coupon rate lower than the going rate because they want a larger yield; the initial discount offsets the lower coupon rate.
To learn more about bond: https://brainly.com/question/25965295
#SPJ4
-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. Given the information in this decision tree, if QRS-TV announces that it will air a reality show, it can expect to:
Answer:
i am not sure
Explanation:
a ____ operation searches data in a table and retrieves records based on certain criteria.
In a relational database model, a select operation searches data in a table and retrieves records based on specific criteria. The correct option is (d).
What are database used for?
Businesses utilize the information contained in database help make smart business choices.
Observe your consumers. Information on people, such that of clients or users, is frequently stored in databases. Social media networks, for instance, employ warehouses to keep user data including names, email addresses, and usage patterns. The information is put to use to optimize the user experience and propose content to consumers.Protected personal health data. Datasets are used by healthcare practitioners to safely preserve patient information that will help them deliver better treatment.CQ
In a relational database model, a(n) ____ operation searches data in a table and retrieves records based on specific criteria.
(a) join (b) relation (c) find (d) select
Learn more about Database here:
https://brainly.com/question/29954333
#SPJ4
Annual returns on small stocks have a population mean of 12% and a population standard deviation of 20%. If the returns are normally distributed, a 90% confidence interval on mean returns over a 5-year period is:
Small-stock annual returns have a total population of 12% or a population variance of 20%. Returns have a normal distribution, and a 5-year mean return's 90% confidence range is from 5.40% to 18.60%.
How is the annual return determined?The annual return rate is computed by dividing the amount gained or forfeited at the close of the calendar year by the original cost made at the start of the year. This approach is also known as the average return or nominal annual rate.
What is a favorable annual return?Most investors would consider an average yearly rate of returns of 10% or above to be a respectable ROI for long-term stock market investments.
To know more about Annual returns visit:
https://brainly.com/question/14333133
#SPJ4
The term comparative advantage refers to when many of the different stages of producing a good happen in different geographic locations.
When many of the different stages of producing a good occur in different geographical locations, the opportunity cost is high. If a person can the produce something at a lower cost than anyone else, he has a comparative advantage.
Being the best at something does not imply having a comparative advantage. When a country has a comparative advantage, it can produce goods and services at a lower cost than other countries. False. When a country has a comparative advantage producing, it can produce something with lower opportunity costs than other countries. The lowering costs is an example of an absolute advantage.
To learn more about cost, click here.
https://brainly.com/question/29489474
#SPJ4
Which of the following statements regarding limited partnerships that are not being disposed of in a taxable transaction is CORRECT?
Losses from a master limited partnership (MLP) may only be used to offset income from the same MLP.
Losses from a nonpublicly traded limited partnership may only be used to offset income from another nonpublicly traded limited partnership.
A)
I only
B)
II only
C)
Neither I nor II
D)
I and II
The correct option is (D), i.e., I and II. Investors admit duty-sheltered distributions from the MLP. MLPs are considered low-threat, long-term investments, furnishing a slow but steady income sluice.
For limited hookups and master limited hookups, the simplest way to explain the difference between the two business structures is that the ultimate is intimately traded while offering the duty benefits of limited cooperation.
Since MLP distributions are a return on capital, they're substantially duty-remitted. But when you vend, you'll pay levies based on the difference between the deal's price and your acclimated base.
To learn more about MLP, visit here
https://brainly.com/question/29301659
#SPJ4
School band members need to raise money for new uniforms. Some members want to sell energy drinks at a football game to raise funds, but others want to organize a car wash in the school parking lot. Based on the concept of scarcity, which thought should drive members' decision-making process to determine how to fundraise
If there are enough volunteers to work a car wash, the decision-making process ought to be driven by the concept of scarcity.
The idea of scarcity teaches that there are many things that people want, but there aren't enough resources to meet them all.
In relation to the question, the issue of whether or not they have sufficient manpower or labor to complete the task would be the concept of scarcity that would guide their decision. People would have to do the work of washing these cars. If there aren't enough volunteers, it would be harder to reach the goal.
To learn more about scarcity here:
https://brainly.com/question/13186252
#SPJ4
The sales charge on a fund with a Net Asset Value of $9.50 and a Public Offering Price of $10.00 is:
The greatest overall "front-end load" or sales fee that might be tacked on to the acquisition of mechanical fund shares. This compensation reimburses a financial expert for their services.
Why is $1 NAV important?The primary safety element of the money market funds is a stable negative asset value (NAV). Because it consistently maintains a $1.00 value, a stable NAV suggests that the likelihood of the fund squandering principal or "breaking a buck" is reduced.
How do you factor in NAV and sales fee when calculating pop?The POP is the total of the sales fee and net asset value that an owner must pay in order to invest. Navi + Scs = POP is the equation used to calculate the POP. The net asset value of the mutual fund is multiplied by the sales charge to arrive at the POP, the public offering price.
To know more about NAV Visit:
https://brainly.com/question/14191988
#SPJ4
. PJ can afford an $800 monthly mortgage payment. If the current mortgage rates are 4.75% and he wishes to have a 30-year mortgage, what is the maximum amount he can afford to borrow
PJ has the maximum financial means to borrow up to $153,360.
Given a specific rate of return, or discount rate, the present value of an annuity is the current value of the future payments from an annuity. The present value of the annuity decreases as the discount rate increases.
Use the standard annuity present value formula.
The equation is:
PV = PMT {[1- (1+ r / k) ^ (-kn)] / (r/k)}
PMT monthly equals 800
R = 4.75% of the interest rate, or 0.0475
K / monthly compounded = 12
Time / N = 30 years
Present Value = 800 x [1- (1+0.0475 / 12)⁽⁻¹²ˣ³⁰⁾/ (0.0475 / 12)]
Therefore, Present Value = 153,360.32 or 153,360
To know more about Present Value, refer to this link:
https://brainly.com/question/29586738
#SPJ4
Suppose you invest $230,000 in an annuity that returns constant annual payments over 9 years, with the first payment one year from now. At an interest rate of 7%, how much is the annual payment you receive
Two examples of lifelong guaranteed annuities that provide retirees with a consistent income flow until death are defined benefit annuities and Social Security.
The significance of payingPayment refers to the exchanging of cash, commodities, or skills for agreed-upon quantities of respectable services and goods from all parties concerned. Payment options include cash, cheques, wire transfers, bank cards, direct debit, and cryptocurrencies in addition to the exchange of services.
What are the standard forms of payment?The time rate scheme and the piece rate system are the two fundamental methods of compensation. Both methods have advantages and disadvantages. No methodology can be said to be appropriate at all times and in all situations.
Formula of present value of growing annuity: PVGA = A*[(1 - (1+g)^n/(1+i)^n)) / (i-g)
$250,000 = A*[(1 - (1+0.06)^5/(1+0.07)^5)] / (0.07 - 0.06)
$250,000*(0.01) = A*(1 - (1.06)^5/(1.07)^5)
$250,000*(0.01) = A*(1 - 0.9541363)
$2500 = A * 0.045864
A = $2,500 / 0.045864
A = 54508.983080412
A = $54,508.98
So, the amount of the first annual payment i will receive $54,508.98.
To know more about payment visit:
https://brainly.com/question/15136793
#SPJ4
The amount of the first annual payment I will receive will be upto $54,508.98.
How do you determine the annual payment?The time rate scheme and the piece rate system are the two fundamental methods of compensation. Both methods have advantages and disadvantages. No methodology can be said to be appropriate at all times and in all situations.
Formula of present value of growing annuity: PVGA = A*[(1 - (1+g)^n/(1+i)^n)) / (i-g)
$250,000 = A*[(1 - (1+0.06)^5/(1+0.07)^5)] / (0.07 - 0.06)
$250,000*(0.01) = A*(1 - (1.06)^5/(1.07)^5)
$250,000*(0.01) = A*(1 - 0.9541363)
$2500 = A * 0.045864
A = $2,500 / 0.045864
A = 54508.983080412
A = $54,508.98
So, the amount of the first annual payment I will receive $54,508.98.
To know more about payment visit:
brainly.com/question/15136793
#SPJ4
What are the 4 factors that influence a purchasing decision?
Cultural, social, personal and psychological are the four factors that influence a purchasing decision .
The appeal of a product can be greatly influenced by cultural and societal influences. Industry organisations invest a lot of money in trying to sway public opinion because they are aware of how culture can affect industry sales. When developing your marketing, keep cultural and social issues in mind. Without offending anyone, you want to draw in as many clients as you can. Consumer behaviour is also influenced by personal variables. Tastes evolve with time. Experts on ageing claim that senior consumer behaviour is extremely varied, indicating that on average, seniors have more motives to make purchases than youth. Motivation refers to the consumer's underlying requirements. A valuable tool is knowing how to inspire your customers. how your potential buyer learns about your goods or views the world.
For such more questions on Purchasing decision:
brainly.com/question/30166151
#SPJ4
Which of the following were resources and capabilities that helped Five Guys gain a competitive advantage and develop into a successful restaurant chain
The resources and capabilities that helped Five Guys gain a competitive advantage and develop into a successful restaurant chain were focusing on such details as store layout and design and also Carefully choosing the supplier of the potatoes for their fries
Focusing on store layout and design: Five Guys stores are designed to be clean, bright, and welcoming, with a focus on the open kitchen so customers can see their food being prepared.
Carefully choosing the supplier of the potatoes for their fries: Five Guys uses only potatoes from specific farms in the northwest region of the USA, which are hand-cut and cooked in peanut oil, which gives them a unique texture and flavor. This attention to detail on a key ingredient in their menu helps to differentiate them from competitors and provide a unique taste experience to customers.
Learn more about Five Guys here:https://brainly.com/question/28904740
#SPJ4
At quickie car wash, The wash process as advertised to take less than six minutes. Consequently management has set a target average of 330 seconds for the wash process. Suppose the average range for a sample of seven cars is 10 seconds. Use the accompanying table to establish control limits for sample means in ranges for the car wash process. 
In this case, the advertised process time of 6 minutes equals 360 seconds. So the lower control limit would be 270 seconds and the upper control limit would be 450 seconds. The average range for a sample of seven cars is 10 seconds, which is within the control limits and indicates that the process is in statistical control.
Control limits for sample means within ranges for a car wash process are used to determine whether the process is in statistical control. For quality control purposes, the control limits provide a range for the sample mean that can be compared to the target mean of 330 seconds. If the sample means are consistently above or below the target mean, this is an indication that the process needs to be adjusted. Similarly, if the sample means are consistently outside the control limits, this is an indication that the process needs to be adjusted.
To know more about sample click here
https://brainly.com/question/13287171
#SPJ4
What are some positive ways you can impact your Family Circle?
Tell them a funny story, show them funny videos on the Internet, play practical jokes
Play them my favorite music, movies, and TV shows
Tell my friends about how much I like my family, show them pictures, introduce them
Ask questions, help them, or do something they love
Answer: Ask questions, help them, or do something they love
Explanation:
Some of the positive ways of impacting ones family circle is by asking questions, helping other members of our family and by doing something that they love.
We shouldn't be self centered by showing them what we love such as our favorite music, movies, and TV shows. Rather, we should listen to them and give them listening hears and always help them when there is need for our help.
The correct option is D.
Which search engine strategy would best limit the results to the vehicle, Ford Explorer, rather than someone exploring in a vehicle made by Ford Motor Company or an explorer named Ford?
1. Ford Explorer*
2. Ford Explorer
3. Ford Explorer
4. Ford Explorer"
The search engine method that would best restrict the results here to vehicle is Ford Explorer.
What is a search engine?A search engine is a piece of software used to conduct online searches. They carry out methodical searches of the Internet for certain data that is specified in a sms web particular keyword.
What are results from search engines?The search engine results pages, or SERPs, are often displayed when the results are retrieved. These outcomes or details could include references to online pages, a combination of pictures and videos, published papers, news pieces, etc.
To know more about search engine visit:
https://brainly.com/question/29104068
#SPJ4
After a marketing objective is defined, what is the next step marketers should take?
A. Identify the target market
B. Evaluate the components of the promotion
C. Determine the marketing budget
D. Désign the marketing message
The following action that marketers should perform is to determine the marketing budget.
What are some examples of marketing objectives?Marketing objectives are a list of specific, quantifiable goals created as a component of a marketing plan. Specific goals are set forth in marketing objectives, such as "reduce customer acquisition cost by 10% by the end of the next quarter."
What happens in the marketing process after that?Building your marketing mix will be the following step in your marketing approach. The Economic Times states that "the marketing mix refers to the set of actions, or techniques," that a business use to market its brand or product.
To know more about marketing budget visit:-
https://brainly.com/question/28025325
#SPJ1
In business forecasting, what is usually considered a short-term time period?
A. Four weeks or less
B. More than three months
C. Six months or more
D. Less than three months
E. One year
Option A is correct. Four weeks or less is usually considered a short-term time period in business forecasting.
What is business forecasting?Business forecasting is the process of predicting future events and conditions in the business environment. This can include forecasting sales, demand for products or services, and economic trends. Business forecasting can be used to inform strategic planning, budgeting, and decision making. It is typically used to make short-term predictions (4 weeks or less) and long-term predictions (6 months or more) and it's important for companies to have a good understanding of the economic and industry trends that will impact their business, so they can make informed decisions about their operations and investments. Business forecasting can be done using a variety of techniques, including statistical analysis, trend analysis, and expert opinions.
To know more about business forecasting visit:
https://brainly.com/question/29393913
#SPJ4
What extra qualifications are required for a broker's application of a community association manager
The applicant for a broker's application of a community association manager must finish an additional 75 hours of approved courses.
What is a broker's obligation in an agency relationship?All of the obligations a real estate agent or broker has in their relationship with a client are known as fiduciary duties. The abbreviation OLDCAR can be used to condense these obligations, which are all in the client's best interest: obedience, loyalty, disclosure, confidentiality, accounting, and reasonable care.
What are the three elements of brokerage success?The commercial real estate industry depends on timing, insider knowledge, and significant relationships. Being in the right location at the right time, knowing the right people, and possessing knowledge are the three requirements for success.
To know more about community association visit:-
https://brainly.com/question/14435438
#SPJ4
An ADR has been issued where each ADR equals .1111 ordinary shares of the foreign issuer. If a client wished to buy enough ADRs to cover 100 ordinary shares, how many ADRs must be purchased
1111 ordinary shares of the foreign issuer are represented by each ADR that has been issued. How many ADRs would need to be purchased if a customer wanted to purchase enough to cover 100 ordinary shares.
900, as each ADR is equal. A foreign security held at a foreign office of a U.S. bank is known as an American Depositary Receipt. The bank issues receipts in exchange for these ordinary shares, which are listed and traded on U.S. stock exchanges and registered in the country as securities. The number of advancing shares divided by the number of decreasing shares is known as the advance-decline ratio.
To learn more about ordinary shares, click here.
https://brainly.com/question/16554294
#SPJ4
Write an essay of at least 150 -words based on reading the following regulation policy. In your essay, you should:
determine what factors would be considered in evaluating the 2014 violations;
assess the likely, and possible, consequences of the 2014 violations; and
outline how the company might achieve a reduction in fines;
Corporate social responsibility is mainly concerned with how a company affects the ________.
A. Family B.investor C.community D. vendors E.stockholders
Corporate social responsibility is mainly concerned with how a company affects the Family .option a is correct.
How does corporate social responsibility work?A wide business term is corporate social responsibility (CSR). It typically refers to a business's commitment to operating in an ethical manner. This entails managing their company operations while taking into account their effects on the social, economic, and environmental landscape as well as human rights. Corporate social responsibility is a type of global private business self-regulation that tries to support philanthropic, activist, or altruistic societal goals by participating in or encouraging volunteerism or ethically sound business activities.
To know more about Corporate social responsibility visit:
https://brainly.com/question/13528806
#SPJ4
Full-time homemakers and retirees are classified in the Bureau of Labor Statistics data as: Question 26 options: part of the labor force. not in the labor force. employed. unemployed.
Full-time homemakers and retirees are classified in the Bureau of Labor Statistics data as not in the labor force.
The labor force, often referred to as the labor force, refers to the group of people who are employed or unemployed. It is often used to refer to employees who work for a company or an industry, but it can also refer to a geographic area such as a city, state, or country.
The value of a company's "incumbent workforce" can be labeled. A country's labor force includes both the employed and the unemployed. Formal work is defined as any type of formal structured and paid work.
To know more about Labor force here-
https://brainly.com/question/13962639
#SPJ4
Jim holds a commercial lease. Last year his rent went up 4% based on a 4% increase in the wholesale price index. What type of lease does Jim have
Index Lease A sort of graded lease in which the periodic rent increase are related to rises in the consumer price index, or some other economic indicator.
An index lease links a rental rate to a generally recognized price index that takes cost of living fluctuations into account. This enables landlords to increase the rent anytime the lease is reevaluated, which normally occurs once a year, in line with developments in the economy. In contrast, a step lease requires periodic increases of a specific percentage regardless of the current cost of living. To avoid any misunderstanding, the contract for an index lease states which index will be utilized. A popular option is the Consumer Price Index (CPI), which represents the prices people actually pay for products and services in the economy. Depending on whether a lease is for a home or a business, additional indicators.
Learn more about index lease here:
https://brainly.com/question/30045135
#SPJ4
What are the goals of public policy?
Public policy main goal is to ensure that everyone has access to the resources and opportunities they need to build a better life.
Public policy is the art of creating laws and regulations to help guide and steer our society toward a more equitable and prosperous future. It strives to promote social justice, economic growth, public safety, and environmental sustainability.
Public policy also seeks to protect the rights and interests of all individuals, including those who are vulnerable or disadvantaged. By taking into account a wide range of stakeholders and interests, public policy helps to create a fairer and more equitable society for everyone.
To learn more about policy, click here:
https://brainly.com/question/3006046
#SPJ4
The JB Shop paid $1,990 in interest and $1,850 in dividends last year. The times interest earned ratio is 2.2 and the depreciation expense is $520. What is the value of the cash coverage ratio
The value of the cash coverage ratio is 2.46.
EBIT = 2.2 × $1,990 = $4,378
Cash coverage ratio = ($4,378 + $520)/$1,990 = 2.46
A coverage ratio, extensively, is a metric supposed to measure a company's ability to carry its debt and meet its financial duties, including interest bills or dividends. The better the coverage ratio, the less complicated it needs to be to make interest payments on its debt or pay dividends. The trend of coverage ratios over the years is also studied by way of analysts and traders to envision the exchange in an employer's monetary role.
Coverage ratios are available in several pieces of paperwork and can be used to assist pick out companies in a potentially troubled economic situation, even though low ratios aren't always a demonstration that an organization is in a monetary problem. Many elements cross into figuring out those ratios and a deeper dive into an organization's financial statements are often endorsed to check an enterprise's health.
To learn more about Coverage ratio visit here:
brainly.com/question/18721979
#SPJ4
Which of the following is generally an opportunity cost of investment in human capital?
a. future job security
b. increased earning potential
C. FORGONE PRESENT WAGES
d. All of the above
e. None of the above
The loss of consumption required to generate the investment resources is another opportunity cost of investing in human capital. correct option is c.
What does opportunity cost look like, and what does it mean?The price of the next-highest alternative use of a resource is what economists refer to when they talk about its "opportunity cost." For instance, if you spend time and money going to the cinema, you aren't permitted to watch the same movie at home or spend the money on something else. In microeconomic theory, the term "opportunity cost" refers to the value or advantage lost by engaging in one activity as opposed to another. More specifically, it indicates that by choosing one activity, you forgo the opportunity to participate in another.
To know more about opportunity cost visit:
https://brainly.com/question/13036997
#SPJ4
A(n) _____ contract carries the least risk for suppliers.
a. CPPC b. FFP
c. CPAF
d. FP-EPA
The least risky contract for a supplier is an FP-EPA one. Long-term contracts are utilized FP-EPA contracts, which permit pre-defined modifications to the contract price because of altered circumstances.
This can entail variations in inflation or higher or lower prices for particular commodities.
The nature of this contract is similar to that of a fixed-price contract. However, the former has a specific provision that allows for price adjustments, whereas the latter is non-negotiable.
In this specific contract, the buyer and seller concur on pre-established standards for the price adjustment. The market's inherent uncertainties make this conceivable. This particular contract is advantageous for long-term projects or those that span several years because it is crucial to remember that market dynamics alter over time.
To learn more about a contract, tap here:
brainly.com/question/25626121
#SPJ4
Rosalyn is planning to sell her apartment complex. Ten years ago, she bought the eight-room complex for $420,000. The building has gained 2.2% in value every year since she bought it. She charges a monthly rent of $720 for each room, and pays $22,900 per year in upkeep costs. If Rosalyn has kept all of the rooms occupied continuously since she bought it, to the nearest hundred dollars, how much profit will she have made in total when she sells it
The upkeep expense is 22900 dollars annually, or 229000 dollars over ten years. She will make (522105.48 - 420000 + 691200 - 229000) dollars in profit when she sells her apartment, for a total of 564305.48 dollars.
Mesne profits, pronounced "mean," are sums of money paid to someone having the right to immediate possession expense of land when no licence has been granted for that occupancy. The revenue generated from selling a good is referred to as the profit, and it must exceed the cost of the good. In other terms, a gain from any business activity constitutes a profit.
To learn more about profits, click here.
https://brainly.com/question/15036999
#SPJ4
The measure of how much profit the firm generates as well as how much profit certain aspects of the firm, including regions, channels, and customer segments contribute is referred to a
Profitability analysis is the process of calculating how much a firm produces in profit and how much different business operations, such as markets, distribution channels, and customer segments, contribute to that profit.
An individual who buys something from a seller, agent, or supplier in exchange for cash or another kind of value consideration in sales, commerce, or transactions is referred to as a customer. Early cultures were supported by a system of gifts and favours.
A customer is someone who makes a purchase of an item or service and subsequently contacts the business with a query or requests for assistance. However, enterprises like law firms, movie studios, and hospitals choose their clients, but supermarkets, banks, and restaurants chose their customers. Currently, this distinction has little semantic relevance.
To know more about Customer here-
https://brainly.com/question/13472502
#SPJ4