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NemiM [27]
3 years ago
15

2. Provide a definition for the following terms:

Business
1 answer:
Allushta [10]3 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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Which of the following dose not apply to field
Natasha2012 [34]

Answer:

there are no options there ....

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7 0
2 years ago
Read 2 more answers
On June 2nd, SEAkayak had the following details for its common stock: 1,000,000 shares authorized, 400,000 shares issued, and 40
kompoz [17]

Answer:

The authorized common stock shares remain 1,000,000 shares.

Explanation:

The authorized shares are not affected by movements in the shares, like issue of shares, repurchase, and resale of treasury stock shares.  The authorized shares, therefore, represent the number of shares that the company is legally bound to issue without exceeding.  The implication is that the company is free to issue shares less than or equal to the authorized shares, but it may not issue more than the authorized until it obtains a new authorization.

The movements are accounted for in separate accounts called Issued Common Stock Account and Treasury Stock Account.  The treasury stock account is a contra account to the Common Stock.

3 0
2 years ago
If new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would:_____.
Serjik [45]

If new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.

Given that new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup.

We are required to find the effect of 50% tax on soft-drink beverages that contain sugar or high-fructose corn syrup.

When 50% tax is imposed on soft-drink beverages then it will increase the price of soft drink beverages, which will decrease the demand of soft drink beverages because now the drink become costly for the customers to buy.

Suppose the initial price of 1 soft drink is $100.

Now tax is applied so tax would be 100*50%=50

Price after tax=100+50

=$150

Now consumers have to pay $150 for 1 drink in place of $100.

Hence if new york city imposed a 50 percent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.

Learn more about tax at brainly.com/question/25783927

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7 0
2 years ago
Two annuities have equal present values and an applicable discount rate of 7.25 percent. One annuity pays $2,500 on the first da
nignag [31]

Answer:

$2681.30 approx.

Explanation:

The first annuity is case of annuity due

For the first annuity, $2500 + 2500 × cumulative present value factor at 7.25% for 14 years

= $2500 + 8.6158 × 2500

= $24040 approx

The second annuity is the case of deferred annuity wherein payments are made at the end of the year.

Payment amount of second annuity = Present Value of first annuity ÷ cumulative present value annuity factor at 7.25% for 15 years

This will be equal to 24,040/8.9658 = $2681.30 approx.

5 0
3 years ago
Just-in-time inventory (JIT) systems: a. are used only by manufacturing firms. b. provide a buffer stock of inventory for a comp
Annette [7]

Answer:

The correct answer is d. are used to reduce inventory holding costs.

Explanation:

The Just-in-time inventory (JIT) system is a stock management system where stock is received when needed for production (stock received just in time for production). This inventory strategy increases efficiency and decreases waste by receiving goods only as they need them for the production process, which reduces inventory costs. However its effectiveness lies in accurate demand forecast.

8 0
3 years ago
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