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
aev [14]
1 year ago
12

True or false: an external transaction is a transaction the firm conducts with a separate economic entity.

Business
1 answer:
mixer [17]1 year ago
7 0

It is true that an external transaction is a transaction the firm conducts with a separate economic entity.

<h3>What are internal and external transactions?</h3>

An internal transaction is any financial activity that occurs within an organization rather than with a third party. Usually, money is exchanged between divisions or between the business and its employees. Even while internal transactions aren't sales like external ones are, they still have an impact on the company's finances.

An external transaction is one that involves a third party from outside the transaction. A company conducts external transactions the majority of the time throughout an accounting period.

The acquisition of goods from a supplier, the payment of cash to a creditor, and the payment of wages to employees are examples of external transactions.

To know more about external transactions visit: brainly.com/question/11867978

#SPJ4

You might be interested in
When customers purchase cable​ tv, the vendor usually uses what form of pricing by offering the buyer his choice of three differ
Lunna [17]
The appropriate response is item package evaluating it is when organizations offer a bundle or set of merchandise or administrations at a lower cost than they would charge if the client purchased every one of them independently. Regular illustrations incorporate alternative bundles on new autos, esteem suppers at eateries and digital TV channel arrange.
5 0
3 years ago
Under which of the following conditions will the FIFO method produce the same cost of goods manufactured as the weighted-average
joja [24]

Answer: The correct answer is <u>".B. There is no beginning inventory.".</u>

Explanation:  

The weighted average method produces the same cost of manufactured goods as the FIFO method (First in First out) when there is no beginning inventory because there are no units at the beginning that drag the cost.

7 0
4 years ago
Which of the following is part of the professional support services area?
Rama09 [41]
I'd say it's 4 because school social workers support students.
7 0
4 years ago
Distinguish between planned economy and mixed economy?​
Anettt [7]

Answer:

CHECK THE EXPLANATION.

Explanation:

A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning whereas a mixed economy is an economy organized with some free market elements and some socialistic elements, which lies on a continuum somewhere between pure capitalism and pure socialism. ... Mixed economies socialize select industries that are deemed essential or that produce public goods.

4 0
2 years ago
A study has been conducted to determine if one of the departments in MSU Company should be discontinued. The contribution margin
SOVA2 [1]

Answer:

c. decrease by $10,000 per year.

Explanation:

The contributing margin of a business is sales revenue less the variable cost to produce the product

Contributing margin refers to the profit that is free to be used by the business to pay fixed costs and reserve as net profit.

In this scenario if the department is discounted the fixed expense will reduce by $40,000

This implies that the net income will increase by $40,000 if the department is discontinued.

If the department is discontinued income from the department will reduce by $50,000. That is -$50,000

Net income= -50,000 + 40,000= -$10,000

4 0
3 years ago
Other questions:
  • The following ledger accounts are used by the Heartland Race Track
    8·1 answer
  • Organizational culture refers to: a. the complex set of ideologies, symbols, and core values that are shared throughout the firm
    9·1 answer
  • The data preparation technique used in market segmentation to divide consumers into different homogeneous groups is
    13·1 answer
  • Rita, a salesperson in a textile manufacturing company, makes a sales pitch to a representative of a garment manufacturing compa
    7·1 answer
  • current assets and current liabilities were $100 million and $40 million, respectively. The prior year, 2018, Jones and Co. repo
    12·1 answer
  • Which of these countries has a command economy?
    9·1 answer
  • A machine operates with the following production cycle: 34 minutes of setup, 70 minutes of production. While in production, the
    13·1 answer
  • Although monetary policy cannot reduce the natural rate of unemployment, other types of government policies can. a. True b. Fals
    12·1 answer
  • Why do many people have a fraught relationship with money?
    15·1 answer
  • Shelby hired lynn, an attorney, to represent her in an employment discrimination case. lynn is a(n) _____ who has a duty to act
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!