1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vovangra [49]
1 year ago
11

Ben's Bookstore buys $500 worth of books on credit to sell in its retail store. When Ben records this transaction, how should he

list this $500
Business
1 answer:
shusha [124]1 year ago
6 0

Based on the fact that the books were bought on credit, to sell at Ben's Bookstore, the $500 should be listed separately as assets and liabilites.

<h3>How should Ben list the $500?
</h3>

The $500 is a liability because Ben acquired the books on credit which means the store owes the supplies for them.

The $500 is also an asset however because it represents stock in the business which makes it a current asset.

Find out more on recording liabilities at brainly.com/question/25687338.

You might be interested in
Ralph agrees to lease an apartment from Susan for one day to see Thomas, the president of the United States, deliver a speech in
Reptile [31]

Answer:

A, discharged

Explanation:

Since the speech to be seen is cancelled well ahead of the due date, then the contract between Ralph and Susan is discharged. There is no more speech to listen to and as such Susan can have her apartment back.

Cheers.

5 0
3 years ago
Using her beloved grandmother's recipe for fruit-filled empanadas, Marianna opens a drive-up kiosk specializing in these sweet t
lawyer [7]

Answer:

Franchising

Explanation:

Since Marianna wants to open additional locations, but she doesn't have a lot of start-up capital, the consolidation strategy for fragmented industries that she could utilize is franchising

Franchising is a business expansion model and marketing concept which can be adopted by an organization that does not have to put down additional capital for expansion.

The expanding firm (a franchisor) only needs to license its know-how, procedures, intellectual property, and the use of its business model, brand, and rights to sell its branded products and services to a franchisee.

The franchisee is the party to bring the capital for the expansion.

Much explains why most restaurants use this same strategy, e.g. KFC, Subway and McDonald's;

8 0
2 years ago
Role of microfinance institutions in national development
IgorLugansk [536]

Answer:

<em><u>Thus, micro-finance has become one of the most effective interventions for economic empowerment of the poor. Microfinance is an economic development approach that involves providing financial services, through institutions, to low-income clients, where the market fails to provide appropriate services (Kumudini, 2015).</u></em>

7 0
3 years ago
an investment property generates a cash flow of $420,000 and appraises for $8,800,000. what is the owner’s return on investment?
Licemer1 [7]

The owner’s return on investment  is $4,583,000

Investment definition is an asset received or invested in to build wealth and keep money from the tough earned earnings or appreciation. funding that means is generally to reap a further source of profits or benefit take advantage of the funding over a selected period of time.

Making an investment is a powerful way to put your money to work and probably build wealth. smart investing may additionally allow your money to outpace inflation and boom in value. The greater growth potential of investing is primarily because of the power of compounding and the chance-go-back tradeoff.

Within the maximum sincere feel, investing works when you buy an asset at a low rate and promote it at a higher price. This sort of go back to your investment is called a capital benefit. earning returns with the aid of selling assets for a profit—or figuring out your capital profits—is one way to make cash investing.

$550,000 ÷ 0.12 = $4,583,000

Learn more about investment here brainly.com/question/25300925

#SPJ4

3 0
1 year ago
One method for studying opportunity cost is to think in terms of
galina1969 [7]

Answer: tradeoffs

Explanation:

If we are given two or more alternative choices each is associated with benefits and limits then if we choose one alternative then we have to bear the opportunity cost of the loss occurs due to benefit of other alternatives not chosen. A trade-off can be defined as a situational decision in which in an attempt to gain in return one has to loose one quality or quantity or beneficial property. So, the trade off involves the decisions for making choices which may involve benefit or loss.

7 0
2 years ago
Read 2 more answers
Other questions:
  • ​Josiah, Inc. provides the following information for​ 2017:Net income​$350,000Market price per share of common stock​$50 per sha
    12·1 answer
  • Crane Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on lar
    11·1 answer
  • Which of the following statements is true of conversion​ costs? A. The conversion cost needed for a completed unit and the conve
    13·1 answer
  • if increasing the number of goods produced is one way to increase productivity what is the other way to increase productivity
    9·1 answer
  • Singapore is one of the leading producers of coffee in the world. However, there are a few companies in Singapore that import co
    7·1 answer
  • Adjusting Entries and Adjusted Trial Balances
    13·1 answer
  • Why do you think states have licensing requirements for certain occupations?
    7·1 answer
  • Lewis is responsible for all installation activities at a large utility company. He would be considered a _______ manager.
    12·1 answer
  • A $23 credit to sales was posted as a $230 credit. By what amount is the sales account in error?
    9·1 answer
  • Which of the following statements would be
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!