All categories

3 years ago

A ___________ to A/P represents cash paid to creditors.

Business

2 answers:

lana66690 [7]3 years ago

7 0

Answer:

Credit

Explanation:

Remember that in accountability, a credit is somthing that is owned or added or owed to you, and debits is something that you had to pay, a debt or a spent, so in this case since it is you paying off some loan or to someone that you owed money to then that is a credit in your favor in the A/P so the correct word to complete the sentece would be "Credit".

lyudmila [28]3 years ago

6 0

The normal side of account payable is on the credit side which means the supplies, services, or purchases a company bought is on credit terms. This is used as opposed to cash when you can't pay for the purchase yet. So, a debit to accounts payable means there is a payment made to a supplier or vendor.

You might be interested in

Bob bought some land costing $16,390. today, that same land is valued at $46,817. How long has bob owned this land if the price

faltersainse [42]

Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.

Given that land was bought by Bob for $16390, the price is increasing at the rate of 6%, price of land today is $46817.

We are required to find the time for which Bob need to own the land so that the price of the land is $46817 today.

Compounding means calculating amount on the principal and the amount added interest.

Rate of increasing the price of land be 6%.

Price when Bob bought the land=$16390.

Price of land today=$46817.

It is like compounding of interest and the sum is calculated as under:

S=P* $(1+r)^{n}$

In the above equation P is theamount at beginning,r is rate of increasing and n is the number of years.

46817=16390 $(1+0.06)^{n}$

46817/16390= $(1.06)^{n}$

$(1.06)^{n}$ =2.8564

$(1.06)^{n}$ = $(1.06)^{18}$ (Approximately)

From both the sides we will get n=18.

Hence Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.

Learn more about compounding at brainly.com/question/2449900

#SPJ4

4 0

1 year ago

Money is a productive asset. Its opportunity cost is:

dsp73

Answer:

The correct answer is A. The time value of money.

Explanation:

In economic theory, the temporary value of money is intended to represent the idea that a dollar of today is worth more than a dollar of the future, even after adjusting for inflation, because a dollar can now generate interest or other returns up to moment in which the dollar of the future is received. This theory is based on the calculation of present or current value.

8 0

3 years ago

1. In what way do organization charts create a picture of an<br> organization?

Allushta [10]

Answer:

In a structural way

Explanation:

the chart is the diagram that shows how the power flows through the company as it indicates the levels of hierarchy within.

5 0

3 years ago

The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annu

valentinak56 [21]

Answer:

the fund balance is $1,727,056.25

Explanation:

The computation of the fund balance is shown below:

Given that

PMT = $125,000

NPER = 10

RATE = 7%

PV = $0

The formula is shown below:

= -FV(RATE,NPER,PMT,PV,TYPE)

After applying the above formula, the fund balance is $1,727,056.25

Here basically the future value formula should be applied

7 0

2 years ago

HELLLPPPP

marin [14]

Answer: Mary

Explanation:

GDP simply means the gross domestic product and it is the value in terms of money based on the goods and services that a country produces.

With regards to the question, Mary is right as the GDP can be used to denote economic growth and also know how a particular economy is doing. Wealthy nations usually have a huge GDP.

3 0

3 years ago