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IgorC [24]
3 years ago
15

The creditors of an organization are the companies and individual customers who owe the business for goods and services purchase

d on account.TrueFalse
Business
1 answer:
netineya [11]3 years ago
3 0

Answer:

The statement is: False.

Explanation:

A creditor lends money to another person or entity or provides goods or services with the expectation of being paid back in the future. The creditor credits money as a loan. If the creditor is a bank or other type of financial institution, the loan will be documented with a formal agreement specifying the creditor and debtor's rights and duties.

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At March 31, the end of the first month of operations, the usual adjusting entry transferring prepaid insurance expired to an ex
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Answer:

A and B

Explanation:

A) income statement

insurance expense-understand net income-overstated

B) balance sheet

prepaid insurance -overstated stockholders equity -overstated

6 0
3 years ago
Kurt leased a small building and converted it into a hockey supply shop. He had assumed that he could run a successful business
salantis [7]

Answer:

The correct answer is letter "E": undercapitalization.

Explanation:

Undercapitalization refers to the situation in which an organization is unable to generate enough funds to cover its expenses. This leads to companies being unable to pay their creditors, thus, they have no other option but to request for loans to keep the business up and running. Small companies are frequently undercapitalized.

8 0
4 years ago
Constructive criticism is offered in a way that encourages growth and learning.”
AveGali [126]

Answer: Constructive criticism encourages growth and learning by being positive and encouraging, offering solutions to problems, targeting specific areas for improvement and by being expressed only in private.

Explanation:

Here is the correct question:

Support this statement using complete sentences: “Constructive criticism is offered in a way that encourages growth and learning.”

Constructive criticism is when an individual offers valid opinions about what others have done in a way that doesn't fault the person but rather encourages the person to improve.

The person offered constructive criticism should not be criticised in public but rather praised in public while he or she is then criticised in private. Criticism should be done in a friendly manner and not an unfriendly or aggressive manner.

5 0
3 years ago
1. The<br> is the sum total of business activity in an area,
levacccp [35]

The <u>economy </u>is the sum total of business activity in an area.

<h3>What is the economy?</h3>

The economy of a country is its status in relation to the production and utilization of goods and services, as well as the supply of money.

This domain includes the:

  • Production,
  • Distribution, and
  • Trading of products and services by various agents.

The economy is described broadly as a social domain emphasizing the activities, discourses, and material manifestations linked with the creation, use, and administration of scarce resources.

Learn more about the Economy here:

brainly.com/question/1690575

3 0
2 years ago
Share one or two specific examples of how you will use the concepts or strategies presented in this class to contribute to your
rosijanka [135]

Answer:

Explanation:

e concepts or strategies presented in this class

4 0
3 years ago
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