1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Stephanie is the wage earner in a "typical family" with $36,000 gross annual income. Use the easy method to determine how much i
MA_775_DIABLO [31]

Answer:

$176,400

Explanation:

Life insurance need = 0.70 × Salary amount × 7

= 0.70 × $36,000 × 7

= $176,400

Therefore using the easy method the amountof insurance that Stephanie should carry is $176,400

6 0
3 years ago
Read 2 more answers
The etruscans developed a special sophistication in casting and engraving on
Archy [21]
The Etruscans developed a special sophistication in casting and engraving on <u>bronze.
</u>The Etruscans were an ancient culture that was located in central and northern Italy. They were very famous for their art, especially for bronze casts and engravings that are an important archaeological relic even today. They weren't the first nation to do this type of art, however, they were the best.<u>
</u>
4 0
3 years ago
Equestrain Roads accepted a customer's $50,000 zero-interest-bearing six-month note payable in a sales transaction. The product
babunello [35]

Answer:

$4,000

Explanation:

The difference between the face value of note and the issuance value of the note is discount. This discount is recorded and amortized over the note life to maturity. As the note is for 6 months and There are also six months from June 30, to December 31. So, all the Discount of $4,000 ($50,000-$46,000)  will be recognized as Interest Income. This discount can be amortized and recognized as Interest Income on monthly basis or collectively at the year end.

3 0
3 years ago
When applied in marketing settings, the 80–20 Rule usually accurately suggests [approximately] 80% of profits emanate from (abou
svet-max [94.6K]

Answer:

The Pareto principle

Explanation:

The Pareto principle asserts that 80 percent of output will come from 20 percent of inputs. In different words, 80 percent of the results will come from 20 percent of the action.  The Pareto principle is only an observation, not a law. The principle is applicable in business and almost all other disciplines.

In applying the Pareto principle, a business recognizes its best assets as uses efficiently to gain maximum value.  The principle observes that similar amounts of input will yield different outputs. For business, results will never be evenly distributed, hence the need to identify and appreciate the minority inputs that will produce the majority of results.

6 0
3 years ago
How do you stay organized
aleksandr82 [10.1K]
Hello Vivianaguevara1,
This question can be sort of hard to answer but I can give some tips.
1.) Color code: Try color coded binders
2.) Buy a multi subject notebook
3.) Challenge yourself: Give yourself incentive to stay organized
~Naterator
Please Rate and Thank If This Helped <3
4 0
3 years ago
Read 2 more answers
Other questions:
  • Suppose the equilibrium price of a pound of bacon is $3.50. The government decides that people have a right to a pound of bacon
    14·1 answer
  • An office supply store can buy a desk for $300. If the store owner sells the desk for $450, what is the markup based on the sell
    8·2 answers
  • William pays his $500 premium every 6 months for automobile insurance with collision coverage. His deductible is $750. William c
    13·2 answers
  • Sabas Company has 20,000 shares of $100 par, 1% non-cumulative preferred stock and 100,000 shares of $50 par common stock. The f
    14·1 answer
  • Explain the differences in working cultures in the U.S. verses Japan. How is leadership affected? Minimum of 100 words
    14·1 answer
  • What is a hallmark of assembly lines in Henry Ford's time?
    12·1 answer
  • Which one of the following best describes the concept of erosion? a. The cash flows of a new product that come at the expense of
    6·1 answer
  • For students not wanting a traditional major in marketing or accounting, for example, YSU decided to create a general business m
    8·1 answer
  • Violet Sales Corp, reports the year-end information from 2020 as follows: Sales (35,000 units) $280,000 Cost of goods sold (105,
    9·1 answer
  • Goods or services from the U.S. can be
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!