Profit Inc., a manufacturing firm, has purchased raw materials worth $10,000 on credit from its vendors. The business plans to settle the vendor’s full payment after two months. Under "current liabilities"section of balance sheet this account will be recorded as "account payable".
Answer: Option (B) is correct
<u>Explanation:</u>
Raw material purchased on credit from a vendor is a liability and it is shown under current liabilities in "accounts payable". Since raw material purchased on credit and payment is to be made after two months.
Payment due gives rise to liability. Now current liability is a company's short term obligations that are to be paid back within a year. Here the firm will have to make payment within two months to the vendor.
Answer:
Economic value creation
Explanation:
economic value creation within a a workplace entails tbecreation and sustainable competitive advantage that generate economic value are revenue drivers, cost drivers, and risk drivers.
"Bright White" Company has the comparative advantage in producing large tubes of toothpaste.
<h3>
What is the term Comparative advantage about?</h3>
Comparative advantage determines the country's specialization by comparing opportunity cost whereas absolute advantage determines country's productivity.
Comparative advantage have some disadvantage also like it can exploit the nation's labor and some economic resources.
Therefore, correct option is B.
Learn more about comparative advantage, refer to the link:
brainly.com/question/15217561
The best answer for this question would be that it will be decreased by $150 billion.
<span>Because since we are following the rules of Budget Surplus which states that the income or receipts have increased the outlays of its expenditures. It is commonly known in the term “savings” and what we refer to the financial states of the government.</span>
Answer:
A) Implementing the change quickly.
Explanation:
The company's controller is basically the chief accountant of the company. In this case, he/she is trying to focus on lowering costs and suggest a formal budgeting process might help. This is an essential thing that should have been done before, probably since the company started operating.
When essential and important activities are not carried out within a company, and suddenly someone realizes that it must be done, it may be seen as something bad. E.g. if it was really so important, why was it never done before?
As all important things, they cannot be rushed, and they have to be done with the largest possible support within the organization. This includes both management (who will feel pressured) and employers (who might believe it is a way to determine who should be fired).