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Art [367]
3 years ago
9

Which of the following journal entries would be recorded if a business purchased office supplies on account in a previous accoun

ting period and now makes a cash payment of $750 to the supplier to settle the account?
A. Accounts Payable 750 Cash 750
B. Accounts Payable 750 Office Supplies 750
C. Cash 750 Accounts Payable 750
D. Office Supplies 750 Cash 750
Business
1 answer:
Solnce55 [7]3 years ago
6 0

Answer:

The correct answer is A. Account payable 750 Cash 750.

Explanation:

This problem requires us to tell the accounting entry a business will make when making payment against offices supplies puchased on credit.

When the business has bought it it would have made following entry

Offices supplies debit   750

to payable credit          750

On settlement the business will make entry as mentioned in option A.

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Based on Trompenaars's value dimensions, in which of the following cultures do managers separate their work and private lives, a
Oduvanchick [21]

Based on the Trompenaar's value dimensions the culture that separate the work and the private lives of the manager is the specific oriented value

Explanation:

There are seven basic values based on which each of them are defined and the dimension that allow the people to keep their private lives and their work life different is called as specific oriented culture

The other dimensions also includes the difference between the national cultures and they developed the model in each cultures and they can help the people to understand the basic differences

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The Boat Works currently produces boat sails and is considering expanding its operations to include awnings. The expansion would
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Answer:

$348,000

Explanation:

Opportunity cost = Market value of land + Market value of the equipment

= $209,500 + $139,000

= $348,000

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Which of the following is associated with the market development strategy?
pantera1 [17]

Answer: Option (c) is correct

From the given option the following is associated with the market development strategy: <em>Adding new features to products.</em>

Market development refers to the technique under growth strategy that visualize and establish new market segments for their products. This terminology targets non-buying individuals in targeted segments. This also targets new individuals in new segments.

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Solvency refers to: A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay
Papessa [141]

Answer:

A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay debt when due.

Explanation:

Solvency is defined as the long-term ability of a business the generate enough cash flow that will allow it to continue its operations and also to pay of its debt when due.

It is used as a measure of the financial health of the business.

A business with good solvency has a high probability of remaining in operation for the foreseeable future.

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