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Q. What is Deferred Incomes?
Deferred incomes are incomes received in advance before supplying goods or services. They represent funds received by a firm for which it has to supply goods or services in future. These funds increase the liquidity of a firm and constitute an important source of short-term finance. However, firms having great demand for its products and services, and those having good reputation in the market can demand deferred incomes.
answers for the personal finance literacy 2nd edition workbook answers chapter 9(obtaining and protecting your credit)
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5 Define risk. Examine the need for assessing the risks in a project.
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