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lilavasa [31]
4 years ago
11

Explain how most businesses are both debtors and creditors.

Business
1 answer:
Pepsi [2]4 years ago
3 0

Answer:

The reason why most companies are both debtors and creditors is that customers can owe services to companies and they have economic commitments to pay.

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Which of the following is an example of a Consumer Service? a
igor_vitrenko [27]
A. i think , hoped this helped
8 0
4 years ago
Read 2 more answers
5) A car rental company offers two plans for one way rentals. Plan I charges $36 per day and 17 cents per mile. Plan II charges
Rom4ik [11]

Answer:

a. Plan I is better is we drive 300 miles in a day.

b. 150 miles.

Explanation:

a. if mileage is 300 then rental charges will be,

Plan I : $36 + 17 cents * miles

$36 + 0.17 * 300 = $41.10.

Plan II : $24 + 25 cents * miles

$24 + 0.25 * 300 = $99.00

Plan I total cost for 300 miles is $41.10 whereas Plan II total cost for 300 miles is $99.00. Plan I is better plan and cost effective.

b. For mileage (m) calculation we will use equation;

Plan I = Plan II

$36 + 0.17m = $24 +0.25m

0.25m - 0.17m = $36 - $24

m = $12 / 0.08

m = 150 miles.

6 0
3 years ago
Ckson's Programming paid its June of $500 cash. demonstrate how to use the accounting equation to record the transaction by comp
Dvinal [7]

Answer:

Decrease <u>Cash </u>and Increase <u>Expense</u>

Explanation:

Jackson Programming paid $500 as rent for the month of June.

The accounting equation is is the basis of the double entry accounting principle system. It is an equation that stipulates that the balance sheet must remain balanced meaning every entry on the debit should be followed with a corresponding credit. It also means for every decrease there should be a corresponding increase.

In Jackson Programming;

A decrease is recorded in CASH because cash was paid, while an increase is recorded in EXPENSE because there is a corresponding increase in rent expenses.

5 0
3 years ago
In the Great Depression, spending on U.S. _________was reduced by foreign countries as well as U.S. spending on their products w
Keith_Richards [23]

Answer:

Exports

Explanation:

In the Great Depression, spending on U.S. exports was reduced by foreign countries as well as U.S. spending on their products which made the downward spiral even worse on a global basis.

The Great Depression caused consumer spending to decline and investment fell drastically which led to steep industrial output declines.

5 0
4 years ago
Daily demand for a product is 160 units, with a standard deviation of 35 units. The product is ordered on a pre-established (fix
egoroff_w [7]

Answer:

2686

Explanation:

Given that :

Daily demand (D) = 160

Standard deviation (s) = 35

Review period (T) = 5 days

Lead time (L) = 10 days

Number in stock (I) = 30 units

Service probability α = 99%

Quantity to order Q;

Q = D(T + L) + Z*s + √(T + L) - 1

Zscore p(Z < 0.99) = 2.326 = 2.33(Z probability calculator)

Q = 160(5 + 10) + 2.33 * 35 * √(10 + 5) - 30

Q = 160(15) + (2.33 * 35 * 3.8729833) - 30

Q = 2400 + 315.841788115 - 30

Q = 2685.841788115

Q = 2686

5 0
3 years ago
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