If you buy something with the intent to pay later rather than in cash, the seller will set up an account _____. Select one: a. expense b. receivable

Answers

Answer 1

The correct answer is option (b). When you buy something with the intent to pay later rather than in cash, the seller will set up an account receivable.

An account receivable represents the amount of money owed by a customer to a seller for goods or services provided on credit. It is an asset for the seller and represents a legal obligation for the buyer to make payment in the future. The seller expects to receive payment from the buyer in the future and considers the account receivable as an asset.

The account receivable is typically recorded on the seller's balance sheet as a current asset, as it is expected to be collected within a year. The seller may also establish payment terms and conditions for the account receivable, including the due date and any applicable interest or penalties for late payment. Once the buyer pays the amount owed, the seller will reduce the account receivable and record the payment as cash or another form of payment.

To learn more about legal obligation click here:

brainly.com/question/98801

#SPJ11


Related Questions

Which statement below best answers the economic question "How to produce"?

An artisan crafts wooden figurines, toys, and games.
An artisan sells their products at art shows, online, and by word of mouth.
An artisan uses local wood from a sustainable tree farm to make products.
An artist sells their products for prices ranging between $20 and $500.

Answers

Answer:  An artisan uses local wood from a sustainable tree farm to make products.

Explanation:

Answer:

An artisan uses local wood from a sustainable tree farm to make products.

Explanation:

I took the test and got it right :)

From the end of 2010 to the end of 2011, M1 increased from $2,006 billion to $2,311 billion. By what percentage did M1 increase?

Answers

Answer:

15.20%

Explanation:

The computation of the M1 increase is shown below:

= (M1 End of the year 2011  - M1 end of the year 2010) ÷ M1 End of the year 2010

= ($2,311 billion - $2,006 billion) ÷ ($2,006 billion)

= 15.20%

In two to three sentences, describe the nonverbal communication in the photo below and whether it is effective or ineffective.

In two to three sentences, describe the nonverbal communication in the photo below and whether it is

Answers

Answer:

the nonverbal commuication being used in this photo is posture, facial expressions, and gestures. i guess you could say this is effective he looks like he would be speaking in a sturn tone of voice.

Explanation: can you answer some questions not answered on my account please

What is the importance of marketing plan to the new products or services that will be introduce by the company in the markets?

Answers

The importance of a marketing plan for the new product or service that will be introduced by the company in the market is to communicate the advantages and also information about the product or service.

What Is The Importance Of Marketing?

Marketing is one of the important elements in a company where marketing is basically the activity of disseminating information about the goods or services produced by the company. The main goal of the company is to make consumers aware of the existence of these goods or services and create interest for consumers to buy these goods. When a company makes new goods or services that will be introduced to the public, the task of marketing is to spread the advantages and also information about these goods or services that make consumers want to buy these goods.

Learn more about marketing at https://brainly.com/question/25754149

#SPJ4

Libel is a defamatory or hurtful remark told about someone to others, and slander is when this remark or comment is broadcast over the TV, radio, printed in a publication, or forwarded to others on the Internet.

Answers

Answer:

This is false.

Explanation:

The statement in the question interchange the meanings of the two terms. The correct definitions are therefore given as follows:

Libel is can be described as a written or published false statement about another person that damages their reputation unjustly.

Slander refers a spoken false statement about another person that damages their reputation unjustly.

Based on the definitions above, the statement in the question can be correctly rewritten as follows:

Slander is a defamatory or hurtful remark told about someone to others, and libel is when this remark or comment is broadcast over the TV, radio, printed in a publication, or forwarded to others on the Internet.

Answer:

FALSE

Explanation:

i got it right

Which example is the best demonstration of initiative?
A. You don’t complain about the heavy workload you’ve been assigned.
b. You offer to take on some extra work when a coworker is out sick.
c. You agree to stay late to finish your work because you took a long lunch.
d. You always think carefully about a bad situation before proposing a solution.

Answers

Answer:

B

Explanation:

initiative isn't something we need to do but rather want to for someone or yourself, maybe to help.

Answer:

bbbbbbbbbbb

Explanation:

If an engine has a Base Timing of 10° BTDC, but is currently firing at 5°, which is it

Answers

Based on the principle of starting engine, the correct answer is turbocharged engine

Turbocharged engine

Starting a turbocharged engine, the timing is reduced to compel the peak starting pressure later in the combustion stroke.

In conclusion, we can conclude that the correct answer is turbocharged engine.

Learn more about turbocharged engine here: https://brainly.com/question/1466714

The net increase (decrease) in cash reported on the statement of cash flows should reconcile the beginning and ending cash balances reported in the comparative balance sheets. True False

Answers

Answer:

Uuuuuuuuuuuuu7uuuu7uuuuuuuuuuuuuuudjdjdjjdjjddjdjdjjdjdjdjjdjjdjdjdjdddddddddddddddddjjjjjjjjjj&jjjjjjj&jjjjdjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk*kkkkkkkkkkkkk*kkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk**kkkkkkkkkkkkkkkkkkkkkkk*kkkkkkkkkkkkkk

Explanation:

Eeeeeereeeeereerreeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee33eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee3eeeeeeeeeeeeeeeeeeeeeee3eeee

How is the focus group discussion (POD) used as a method of generating ideas?

Answers

Answer:

In a focus group, a moderator leads a group of people through an open, in-depth discussion rather than simply asking questions to solicit participant response. For a new product area, the moderator focuses the group discussion in either a directive or a nondirective manner.

You are reviewing your checking account balance of $800 after you've just sent in your rent check of $500. How much money is available for you to spend?

Answers

You are reviewing your checking account balance of $800 after you've just sent in your rent check of $500. The money that is available for you is $1300.

What we can do if we don't have sufficent balance?

If you had a check that you don't have sufficient funds for that has been run through the bank the bank will usually charge you an overdraft fee.

This means that you have arranged an overdraft loan/agreement with the bank. The bank will go ahead and pay the fund to the person or company you wrote the check to.

You will have a certain amount of time to put the money back into your account and pay the overdraft fee.

Learn more about Checking account, refer to the link:

https://brainly.com/question/9683236

#SPJ1

What is legal citizenship defined as

Answers

Answer:

does this help?

Explanation:

Citizenship is defined in the first clause of the first section of the Fourteenth Amendment as: All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and the State wherein they reside.

Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home

Answers

Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.

Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.

Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.

Hence, the correct options are "A, B & C".

To know more about social responsibility, click here.

https://brainly.com/question/24176816

#SPJ1

What sum of money will grow to $2443.96 in nine years at 7.8% compounded semi-annually? The sum of money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answers

We may use the compound interest calculation to get the amount that will increase to $2443.96 in nine years at a compound interest rate of 7.8% compounded semi-annually:

A = P(1 + r/n)nt

Where: A = the investment's future worth ($2443.96 in this case),

P stands for the primary (or initial payment).

r = the yearly interest rate (0.078 in decimal notation, or 7.8% annually).

(Semi-annually, thus 2) n is the number of compounding periods every year.

9 years are represented by the numeral t.

Let's figure out P.

2443.96 = P(1 + 0.078/2)^(2*9)

2443.96 = P(1.039)^18

P = 2443.96 / (1.039)^18

We calculate P to be $1221.82 (rounded to the nearest penny) using a calculator.

Consequently, the amount that will increase to $2443.96 in nine years at a 7.8% compounded growth rate

learn more about compound here :

https://brainly.com/question/14117795

#SPJ11

As a current or future business owner, entrepreneurs need to be able to assess collateral in order to secure a possible
loan from the bank.

True
Or
False

Answers

Answer:

True

Explanation:

Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.

If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.

Few, if any, will lend anyone money based on a business idea alone.  Many banks will demand a business proposal to be backed with some guarantee to secure funding.

Question #3
Multiple Select
The main types of markets are called
consumer
O industrial
customer
Oresidential
Question #4
Multiple Choice

Answers

The two most important types of marketplaces are consumer and business markets. There are also institutional markets, government markets, and global markets.

What other kind of markets are there?

In a market where buyers and sellers may meet, there can be an exchange of commodities and services. Markets include both actual physical markets and digital ones, such those found online. There are additional examples, such as the stock market, gray market, and auction market.

Although it can be complicated, marketing is primarily driven by four variables: product, price, promotion, and place. These are the fundamental concepts around which everything else is built, and they apply regardless of how tactics and distribution methods evolve. The seven P's or another form of these core concepts are sometimes included.

Learn more about business markets: https://brainly.com/question/16447982

#SPJ1

The interest rate banks charge their customers is known as the
rate.
A. discount
B. securities
C. prime
D. mortgage

Answers

Answer:

Prime

Explanation:

Took the quiz

if california was a country where would it rank in economy

Answers

Answer:

It would be the world's fifth-largest economy!

write a letter to an electronic shop manager lodging your complain about a television and attitude of the sales girl

Answers

Answer:

A consumer has every right to submit a letter of complaint to a company, it is necessary, however, to be clear and objective in a justification, so that the company can solve its problem in the best possible way.

Explanation:

Dear XX store manager,

I made a purchase of a HD Smart Tech television, on the date YY, at the store located in the Z shopping mall in the southern region of the city YZ, but when I got home I found that the television is not capturing the image in HD even though I did it all the procedures indicated by the saleswoman Paola, who incidentally, provided me with excellent service, solving my doubts and indicating a device that corresponded to my needs and desires. However, most likely I was unlucky to have received a defective TV from my stock at my home.

I would like a solution to make the exchange as soon as possible, since tv is a necessary item in my home and routine.

I await an answer.

Kind Regards,

xxx

Which person used a cost-saving strategy when deciding how to spend their money?

a. when selecting a new tablet, Rosita carefully read about the features of each model.

b. when purchasing a new jacket, Thao chose the one that was manufactured locally.

c. when choosing which coffee to buy, Ivan chose the brand with the "fair trade" label.

d. when buying a used dirt bike, Fabian negotiated with the seller to get a better deal.

will give brainliest!

Answers

d. when buying a used dirt bike, Fabian negotiated with the seller to get a better deal.
(cost-saving)

The person who used a cost-saving strategy when deciding how to spend their money is the Fabian who negociated with the seller to buy a used dirt bike to get a better deal.

What is cost-saving stategy?

The strategy in which we analysis the basic requirements which are necessary and on which minimum cost can be made in a business

What is a dirt bike?

The bikes which are generally used in dirts to have races or to have friction with the roads with dirts.

Hence, option D is the correct answer

To know more about Cost saving strategy, click here

https://brainly.com/question/17100091

#SPJ2

April Wood Products' accounts receivable increased during the year by $17.0 million. Required: What is the amount of cash April Wood Products received from customers during the reporting period if its sales were $51.0 million

Answers

The amount of cash April Wood Products received from customers during the reporting period is $34.0 million. This represents the portion of its sales that were paid for in cash, while the remaining $17.0 million was added to its accounts receivable balance as outstanding receivables that are expected to be collected in the future.

To answer this question, we need to understand the relationship between accounts receivable and cash receipts. Accounts receivable represents the amount of money owed to a company by its customers for goods or services that have been sold on credit. Cash receipts, on the other hand, represent the actual cash payments received by the company from its customers.

In the case of April Wood Products, we know that its accounts receivable increased by $17.0 million during the year.

This means that the company sold $17.0 million worth of goods or services on credit to its customers. However, we also know that its sales for the year were $51.0 million. This means that $34.0 million of sales were paid for in cash.

Therefore, the amount of cash April Wood Products received from customers during the reporting period is $34.0 million. This represents the portion of its sales that were paid for in cash, while the remaining $17.0 million was added to its accounts receivable balance as outstanding receivables that are expected to be collected in the future.

For more such questions on April Wood Products

https://brainly.com/question/29774950

#SPJ11

Marketers use estimates all the time. These educated guesses help them with all sorts of decisions, including product planning.
promotional planning, and budgeting. Since estimates are not facts, they are sometimes adjusted to suit marketers' purposes. For
example, data may suggest that the research phase of development for a new product will cost anywhere from 10 to 15 million dollars. A
marketer knows that his company will not allot more than 10 million dollars and includes only the lower figure to get the project
approved. Since estimates aren't facts, he feels that it is OK to use the lower dollar figure. What do you think of his actions? Is
withholding part of the data unethical?

Answers

Marketing shifts our focus away from some trends and items and toward others. It instructs us on what to concentrate on and talk about today, rendering it obsolete the following day and substituting the fresh information, giving us something to think about.

What is Budgeting?

Budgeting is the process of computing how much money you must earn or save during a particular period of time, and of planning how you will spend it in the future.

The strategy of optimizing brand messaging based on customer information is known as data-driven marketing. Data-driven marketers use consumer information to forecast their target market's requirements, wants, and future behavior. Such knowledge aids in the creation of individualized marketing plans for the greatest ROI.

Therefore, Yes, withholding is part of the data unethical.

Learn more about Budgeting, here;

https://brainly.com/question/15683430

#SPJ1

What is improved oven? in your own words.

Answers

Answer:

improved oven means improved cooking

Possession utility is most closely related to which part of the marketing mix?
Price
ООО
Product
Place
Promotion

Answers

Product because Possession utility is the value given to a product by virtue of the fact that the purchaser has the legal right to own and use it freely.

A natural monopoly always has
A. a downward sloping long run average cost curve.
B. a downward sloping marginal cost curve.
C. its profit maximization point where price = marginal cost.
D. patent rights.
A. a downward sloping long run average cost curve.

Answers

A.) a download sloping long run average cost curve.

Show graphically how they chose this price. Answer: Typically natural monopoly graph with MC=zero.

Answer: a downward sloping long run average cost curve.

highlights four drawbacks of direct production​

Answers

Answer:

Does not encourage trade as goods are produced for own use.

Citizens have limited variety of goods.

Discourages specialization as one is forced to produce everything required.

Hinders technological development due to use of simple production methods.

Explanation:

hope i helped

A financial services firm that charges customers based on a percentage of the assets under management is best defined as:_______

Answers

A Money Manager is a person or Financial firm that charges customers based on a percentage of the assets under management.

A money manager is someone or a financial firm that manages the securities portfolio of a person or institutional traders. expert money managers do now not receive commissions on transactions; instead, they are paid based on a percent of property underneath management.

A financial firm approach any firm or fund that makes assignment capital or other investments, or that engages in funding banking, the mutual fund business, or the securities commercial enterprise.

A financial services organization is an enterprise or organization which manages, invests, exchanges, or holds money on behalf of customers.

The 4 maximum common sorts of economic establishments are business banks, brokerage firms, insurance organizations, and investment banks.

Learn more about Financial Firm here:- https://brainly.com/question/989344

#SPJ 4

Suppose the current dividends on a stock are $4.2 per share and dividends are expected to increase by 3% per year, forever if the required rate of retu stock? (round your answer to 2 decimal places) w

Answers

The required rate of return for the stock is 9.49%

The price of the stock can be calculated by using the dividend discount model (DDM).

According to this model, the price of the stock is equal to the present value of all the future dividends.

Here, the current dividend on a stock is $4.2 per share and the dividends are expected to increase by 3% per year, forever.

Hence, the expected dividend for the next year (D1) will be:

D1 = $4.2 × (1 + 3%)

D1 = $4.326

Next, the price of the stock (P) can be calculated using the formula:

P = D1 / (r - g)where,

r = required rate of return

g = growth rate of dividends

Putting the given values in the above formula, we get:

P = $4.326 / (r - 3%)

Now, we are required to find the required rate of return (r) if the price of the stock is $66.60.

So, the formula becomes:

$66.60 = $4.326 / (r - 3%)

Multiplying both sides by (r - 3%), we get:

(r - 3%) × $66.60 = $4.326

Dividing both sides by $66.60, we get:

r - 3% = $4.326 / $66.60r - 3%

= 0.0649

r = 0.0649 + 0.03

r = 0.0949 or 9.49%

Therefore, the required rate of return for the stock is 9.49%. (rounded to 2 decimal places.)

To know more about DDM visit :

brainly.com/question/32370691

#SPJ11

When petty cash is replenished, petty cash is debited and cash is credited.a. Trueb. False

Answers

Petty cash is replenished, petty cash is debited, and cash is credited is false.

How is petty cash replenished?

A debit is made to the petty cash account and a credit is made to the cash account whenever the petty fund is replenished, which is often done by drawing on a check issued by the company. 4 Minimal amounts of cash, typically no more than a few hundred dollars, are stored on the premises of a business or firm to cover small costs and needs.The company's general ledger records the petty cash receipts as credits to the petty cash account and likely debits to a number of expense accounts. A debit is made to the petty cash account and a credit is made to the cash account whenever the petty fund is replenished, which is often done by drawing on a check issued by the company.

To learn more about petty cash refer to:

https://brainly.com/question/29720488

#SPJ4

.Critics say that high advertising and promotion costs unnecessarily increase retail prices. Marketers most likely respond to this criticism by arguing that advertising ________.
A) provides essential psychological benefits about products
B) adds value by giving consumers product information
C) generates tax breaks for small businesses D) applies a functional value to the product E) lowers prices by increasing competition

Answers

Critics argue that high advertising and promotion costs unnecessarily increase retail prices. However, marketers most likely respond to this criticism by emphasizing that advertising adds value by giving consumers product information. The correct option is B.

This valuable information helps consumers make informed decisions and enables them to choose products that best suit their needs and preferences. Furthermore, advertising can also promote competition among businesses, leading to improvements in product quality and potentially lower prices.

Although advertising may contribute to higher retail prices in some cases, its overall impact on the market often results in a net benefit for both consumers and businesses. The correct option is B.

To know more about advertising, refer here:

https://brainly.com/question/3163475#

#SPJ11

Under this kind of program, cities demolished poor neighborhoods in city centers that occupied potentially valuable real estate; in its place were constructed retail centers and all-white middle-income housing complexes. a.white flight b.neighborhood stabilization program c.urban renewal d.suburbs

Answers

The description explained depicts urban renewal.

Urban renewal were the policies that were out in place to enable housing authorities and local governments to demolish the neighborhoods that were considered to be blighted and poor and then replace such neighborhoods with real estate that were more valuable and were usually reserved for the white people.

Houses that were seen to be slums were destroyed and newer and fascinating neighborhood were constructed.

In conclusion, the correct option is C "urban renewal".

Read related link on:

https://brainly.com/question/12979681

Other Questions
How many unique triangles can be drawn with side lengths 12 cm and 16 cm, and a 50 included angle?A. 0B. 1C. 2D. an infinite number Maria y yolos mercados.Fillin the between those words slope of the line that passes through a(9,7) and b(6,5) On a school trip, a class travels 471.459 kilometers by train and 2.66 kilometers by bus. How far did the class travel? What is the value of f(x) when x=3?3214 This is a type of leadership that motivates and inspire other people reach out for higher goalsA. HeroismB.Traits theoryC. Behavioral theoryD. Situational theory What is Hamon? and what is a stand? Six identical urns are filled with marbles. The first urn has 99 blue marbles and 1 red marble. The second and third urns each have 6 blue marbles and 4 red marbles. The fourth, fifth, and sixth urns each have 1 blue marble and 1 red marble in each. (a) If we select an urn randomly and draw a marble, what is the probability it will be red (regardless of which urn we picked)? (b) It so happens that we draw a red marble. Use Bayes' rule to find the chance that we drew from each type of urn. (c) If we dump all the marbles into one urn and draw a marble, what is the probability it will be red? Should this be the same as the probability in part (a)? the spinal cord extends from the of the occipital bone to the vertebra. it terminates as the and gives off a bundle of nerve roots called the . A nickel and a sheet of paper, which have approximately the same mass, are dropped at the same time from the same height. The nickel will reach the ground first. Which statement best explains this result? (1 point) O The force of air resistance acts more strongly on the nickel than on the sheet of paper. O The force of gravity acts more strongly on the nickel than on the sheet of paper. The force of air resistance acts more strongly on the sheet of paper than on the nickel. O The force of gravity acts more strongly on the sheet of paper than on the nickel. What does einsteins theory of relativity, which posits that movement in space and time is relative to the person measuring them, mean? select two answers. each persons perception is ones own truth. reality is unique to each individual. space and time are constructs that do not exist. each person perceives space and time differently. what people perceive is not necessarily accurate or true. What does it mean when someone ask you to draw landscapes natively? 3. a. For the system of prelab 2a, calculate the values of a and b so that the real part of the poles remains the same but the imaginary part is increased 2 times over that of prelab 2a and repeat prelab 2a. b. For the system of prelab 2a, calculate the values of a and b so that the real part of the poles remains the same but the imaginary part is increased two times over that of Prelab 2a, and repeat Prelab 2a.(Do 3a and 3b)2. Given the transfer function G(s) 52 + as + b a. Evaluate percent overshoot, settling time, peak time, and rise time for the following values: a =4, b=25. Also, plot the poles. b. Calculate the values of a and b so that the imaginary part of the poles remains the same but the real part is increased two times over that of Prelab 2a, and repeat Prelab 2a. c. Calculate the values of a and b so that the imaginary part of the poles remains the same but the real part is decreased time over that of Prelab 2a, and repeat Prelab 2a. Josh wrote a whole number using the digits 8,4,7,2,9 and 0. Josh's number has a seven in the thousands and a 2 in the tens place. Josh's number is less then 500,000. Is Josh's number greater than 480,000? can someone help me learn spanish? In business communication it is best to use words that are:_____. multiple select question. a. obscure. b. short and familiar.c. conversational. d. long and impressive. PLEASE HELP HURRY a penny dropped out a window reaches a speed of 35 m/s. how far did it fall? initial velocity is 0 m/s and gravity is 9.8 m/s A good speech of presentation should have which of the following qualitiesshould depend on the occasionshould consider the audienceusually quite briefall of the above Human Resource Management (HRM) has evolved. It strategically connects the HRM strategy with the overall business strategy. The volatility and the pace of change in the business context are much more intense than it ever was. The importance of the proper management of Human Resources (HR) increased and the top management demands new HRM policies and practices as HR people will have to quickly change their mindset to stay relevant and add value to the business. The strategic role of HRM changes the job profiles of HRM employees. The HR roles are less focused on service delivery but more focused on the delivery of HR solutions. They have to think broadly about the entire organization. The HR must be skilled in the planning of activities, financial planning and have to be experts in change management. Policy and practices should be framed based on the philosophy that when employees have opportunities to learn on the job and be compensated fairly for their efforts. One of the concerns should be on employee experience for them to become more valuable to the organization and add to productivity.(A)Assume that you are a Director of Human Resource (HR), discuss TWO (2) strategic roles of Human Resource Management (HRM) in coping with the pace of change in business, constant advances in technology and employee experience imperatives.SUBJECT; Seminar in Human Resource What was the reality for African Americans once they received their freedom?