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vovikov84 [41]
2 years ago
5

What is the distinction between debtor and creditor?​

Business
2 answers:
dezoksy [38]2 years ago
8 0

Debtor → <u>A company or individual who owes money.</u>

Creditor → <u>A person to whom a debt is owed especially.</u>

  • Basically the debtor is the borrower and the creditor is the lender.

\large{\red{\bold{ { \underline{\overline{{ \purple{hope \: this \: helps \: you \: \:}}}}}}}}

igor_vitrenko [27]2 years ago
6 0

Answer:

A creditor is a person who lends money or extends credit to another person.  A debtor is a system or person that owes money to another orginization or party (AKA a company or individual who owes money.)

Explanation:

Hope this helps you! Good luck :)

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A school band performs a spring concert for a crowd of 600 people. the revenue for the concert is $3150. there are 150 more adul
Alla [95]
In this item, we let the number of tickets sold to the adults as x. With this, we can let the number of tickets sold to students with y. 

In this item, we are given that the sum of the number of students and adults is equal to 600. Further, we are also given that the difference is 150. The system of linear equation that would allow us to solve this item is,

               x + y = 600
               x - y = 150

Adding up the two equations will give us,
              2x = 750
Dividing by 2,
              x = 375

Substituting this value to the first equation,
          375 + y = 600
                 y = 225

Therefore, there are 375 and 225 number of tickets sold to adults and students, respectively. 
4 0
3 years ago
2 Jodi owns 112 shares of stock selling for $16.20. How many more shares can she purchase after receiving a dividend of $0.80 po
marusya05 [52]

Answer:

The number of new shares = 6

Explanation:

Dividend is the proportion of profit paid by a company to its shareholder as a form of return on their investment. Another form of return on share investment is the capital gain; which is the difference between the selling price of a share now and its cost when it was purchased.

<em>For Jodi, we need to first calculate the amount of dividends earned on the total shares she owns. And then divide the result by the current purchase price of a share to arrive at the number of shares she can buy more.</em> This is done as follows:

Total dividends =  112× 0.80 = $89.6

Current price of a share = $16.20

THe number of shares that can be purchased= 89.6/16.20=5.5

The number of new shares = 6

6 0
3 years ago
A microeconomist — as opposed to a macroeconomist — might study
Rudiy27
Microeconomics is the study of the effects of changes to small individual decisions  A)  Is huge, study of the whole country.  B)  Is huge, nationwide production increase C) this effects just one industry.   D) again huge, nationwide effects of interest rates on GDP.  So C.

3 0
3 years ago
A $1 per unit tax levied on consumers of a good is equivalent to
Katen [24]

Based on accounting principles, a $1 per unit tax levied on consumers of a good is equivalent to "a $1 per unit tax levied on producers of the good."

This is based on the idea that the market reaches the exact equilibrium price irrespective of who is accountable for paying the money to the government.

In other words, when the government levies a tax on a good, producers are not exempted from the tax levy because that money will be recouped from the producers' sales or revenue.

Hence, in this case, it is concluded that tax on goods is inevitable to consumers and producers.

Learn more here: brainly.com/question/22680521

7 0
2 years ago
Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its
uranmaximum [27]

Answer:Incomplete Question, You omitted the values for the following

supplies remaining at year-end: $700

Wages earned by workers but not yet paid at year-end: $500

Explanation:

1. To Record the journal entries required for December, excluding the December 31 year-end adjusting entries.

Cash Paid for prepaid insurance

Date            Account and Explanation     Debit         Credit

1st Dec   Prepaid Insurance                  $24,000

        Cash                                                                    $24,000

Supplies purchased in cash

7th Dec      Supplies                                   $2000

                 Cash                                                                   $2,000

13th Dec     No ENTRY            Roland Co agreed to do but has not done itr yet.

Advance received from ABX

24th Dec      Cash                                       $4,000

                    Unearned Revenue                                        $4,000

2. To Record the December 31 year-end adjusting entries for prepaid insurance,  supplies,  accrued wages, accrued revenue, and  unearned revenue.

Insurance expense

Date            Account and Explanation     Debit         Credit

31st Dec  Insurance Expense                   $1,000

        Prepaid Expense                                                    $1,000

Calculation.24 month insurance policy for $24,000 cash.

Insurance for a month = 24,000/24= 1000

Supplies Expense

Date            Account and Explanation     Debit         Credit

31st Dec  Supplies  Expense                   $1,300

              Supplies                                                     $1,300

Calculation :purchased supplies for $2,000 --supplies remaining at year-end, $700= $1,300

To record Wages earned by workers but not yet paid at year-end: $500

Date            Account and Explanation     Debit         Credit

31st Dec  Wages   Expense                   $500

               Wages Payable                                               $500

Service Revenue from  Telo

Date            Account and Explanation     Debit         Credit

31st Dec  Accounts receivable                 $6,000

               Service Revenue                                            $6,000

calculation=Job Completion at Year-End x received cash  of worth of work for Telo = 60% x 10,000 = %6,000

Service Revenue from  Abx

Date            Account and Explanation     Debit         Credit

31st Dec  Unearned Revenue                 $1,000

               Service Revenue                                                  $1,000

calculation=Job Completion at Year-End x cash in advance to perform work  = 25% x 4,000 = $1,000

3. Journal entry for January

Payment Of wages recorded

Date            Account and Explanation     Debit         Credit

5 Jan  Wages Payable                          $500

  Wages Expense (800-500)                 $300

               Cash                                                             $800

Payments from Telo Recorded

Date            Account and Explanation     Debit         Credit

12 Jan  Cash                                           $10,000            

      Account Receivable                                             $6,000

    Service Revenue(10,000-6000)                          $4,000

8 0
3 years ago
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