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Dennis_Churaev [7]
4 years ago
5

The debits and credits from four related transactions are presented in the following T accounts.

Business
1 answer:
Mazyrski [523]4 years ago
7 0

Answer:

1. There was a purchase of Inventory on account of goods worth $20,580. This figure was debited to the Inventory account and credited to the Accounts Payable.

2. These were the shipping/freight costs. The $300 was debited to the Inventory as a Carriage inwards and credited to the Cash account.

3. The Creditor/ Payable allowed the company to return $3,920 worth of goods. This was credited from the Inventory account and debited to the Payable account.

4. Paid the Account Payable the remaining balance of $16,660 to settle to account. Balance was credited from the Cash account and debited to the Accounts Payable account.

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Diana is a student studying economics and currently working on her class schedule for next semester. She decides to enroll in a
timama [110]

Diana's decision to pick something that will benefit her in future showed <u>dependency through time. </u>

<h3>What does Dependency through Time entail?</h3>
  • It means considering future time periods in a decision.
  • Calls for one to think about how their current decision will either make their future worse or better.

Diana chose her program of study based on the opportunities she will have in the future. We can therefore conclude that she demonstrated dependency through time.

Find out more about planning for a future career at brainly.com/question/8195686.

7 0
3 years ago
A person who can afford a monthly payment of and signs a loan agreement with a monthly payment of is most likely a victim of pre
JulsSmile [24]

Answer:

A. $800; $1100

Explanation:

Predatory lending is an unfair and sometimes illegal practice by lenders of imposing expensive loans to borrowers. In predatory lending, the lender withholds critical information or deceives the customer into signing a loan that they cannot afford to repay. Lender employs dirty and unjust tricks to get the customer sigh for the loans.

If a lender can afford to pay a maximum of $800 per month, advancing them a loan requiring payment of $1100 per month is putting a lot of financial strain on them. It is an example of predatory lending as it imposes an unfair burden on the borrower

4 0
3 years ago
Most child care providers will never find themselves caring for a child with asthma.
madam [21]

The correct answer is False

Explanation:

Child care providers are usually professionally prepared individuals who take care of children, this includes teachers, babysitters, nannies, counselors, etc. Additionally, child care providers can work in specific institutions such as schools or take care and supervise children in the child's home. In most cases, being a child care provider implies dealing with different children and therefore different personalities, needs, and conditions.

Due to this, it is common child care provides find themselves caring for a child with conditions such as measles, food allergies, bronchitis, and even asthma. In the case of asthma, this is can be found in around 10% of children, and therefore it is not extremely uncommon child care providers had to take care of a child with asthma.

4 0
3 years ago
For a college student who needs to buy an $80 textbook, the money she received from her parents for the purchase of school suppl
Ainat [17]

The money she received from her parents for the purchase of school supplies would be used as a medium of exchange.

<h3>What is money?</h3>

Money is anything that is generally chosen and accepted by a community, as a medium of exchange and standard of value.

Characteristics of money are:

  • Medium of exchange
  • Store of value
  • Measure of value

Hence, the money she received from her parents for the purchase of school supplies would be used as a medium of exchange.

Learn more about money here: brainly.com/question/3182649

#SPJ1

3 0
2 years ago
An aggregate production function shows​ ________. A. the relationship between a​ country's output and its price level B. various
Maru [420]

Answer:

The correct answer is letter "C": the relationship between a​ country's GDP and its factors of production.

Explanation:

The Aggregate Production Function describes the relationship between a country's Gross Domestic Product (GDP) and the factors of production involved in it. Aggregate Production functions are considered physical and human capital, labor, knowledge, social infrastructure, and natural resources. Production increases as a result of increases in capital, natural resources, and labor.

3 0
3 years ago
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