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NemiM [27]
2 years ago
15

2. Provide a definition for the following terms:

Business
1 answer:
Allushta [10]2 years ago
7 0

Answer:

The definitions are stated below:

Explanation:

1. Accounts receivable is the balance amount of money which is due or owed to a firm for the services or goods or services that is delivered or used but for that the money is not yet paid for by the client or customers.

2. Supplies is defined as the items which are a component of a finished item which the company mark up and sell to customers.

3. Prepaid rent is the amount of rent paid before or prior to the rental period to which it relates and the tenant will record it in the balance sheet for the amount of rent paid that is not used.

4. Furniture is the term which is defined as the objects that is movable and it supports the activities of human like as seating, sleeping and eating.

5. Accumulated depreciation is the aggregate or total amount of the asset whose cost or expense has been allocated to the depreciation expense account.

6. Accounts Payable is the term which is described as when the company bought goods on credit, which is needed to be paid back in future.

7. Unearned service revenue is the amount or the money which is received by an individual or the company for the product or service that is not delivered yet or to be delivered.

8. Service revenue is the revenue which is generated from sales and reported by the business. It is related to the services provided to the customers.

9. Rent expense is a kind of expense, which lists the cost or the expense of the occupying property which is a rental during a reporting year.

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The southern division of Pryto Corporation uses a part much like Part D in one of its products. The southern division can buy th
polet [3.4K]

Answer: $78.25

Explanation:

The Southern Division is willing to pay $78.25 to an outside company for this part that it needs.

In the same vein, the maximum therefore that they would be willing to pay for the Western Division should be $78.25 as well because anything higher than that would constitute an Opportunity Cost loss.

They should go for the cheaper option and if buying from the Western Division exceeds the $78.25 then it is loss on their part. Western Division should charge the same or less.

8 0
2 years ago
How do flexible expenses differ from fixed expenses?
Leokris [45]
Fixed expenses are expenses incurred within a given period of time e.g a month and remain constant and are not easily changed. They include monthly bills and expenses such as health insurance and life insurance. On the other hand, flexible expenses also called variable expenses include daily spending such as spending on food tea, which differ and change time to time .<span />
3 0
2 years ago
Is the standard deviation of the sample a good estimate of the variation of salaries of TV personalities in​ general? A. ​No, be
Elenna [48]

Answer:

A.

Explanation:

According to my research on standard deviations, I can say that based on the information provided within the question No, because the sample is not representative of the whole population. This would not be the case if the samples included the entirety of the TV personalities population, which would then make the statistics accurate.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
2 years ago
Melinda signs a three year contract for employment as a legal studies lecturer. Does this type of contract fall within the scope
abruzzese [7]

Answer: Yes, because it is a contract whose terms prevent possible performance within one year

Explanation:

The Statute of Fraud mandates that certain contracts need to be written down. These contracts include the sale of land, amounts involving more than $500 and contracts that have a timeframe of over a year.

Melinda entered into a contract with terms that have to be fulfilled in more than a year. It is therefore under the Statute of Frauds.

3 0
3 years ago
The analytic technique utilized after an adverse event occurs to prevent its recurrence is called?
azamat

The analytic technique utilized after an adverse event occurs to prevent its recurrence is called Root cause analysis.

<h3>What are the root cause analysis five steps?</h3>
  • Root cause analysis is a technique for problem-solving used in science and engineering to determine the underlying reasons of errors or issues.
  • It is frequently utilized in areas like information technology operations, telecommunications, industrial process control, accident investigation, and the healthcare sector.
  • Realize the Issue: To start, you must decide what went wrong.
  • Gather a Good Amount of Information.
  • Determine the Related Causal Factors.
  • Create a conclusion.
  • Make any necessary adjustments.
  • The analytic technique utilized after an adverse event occurs to prevent its recurrence is called
  • Root cause analysis.

To learn more about the Root cause analysis, refer to the following link:

brainly.com/question/19571344

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6 0
8 months ago
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