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
USPshnik [31]
3 years ago
14

Which of the following would not be used to pay for previous credit purchases under the periodic system?

Business
2 answers:
fenix001 [56]3 years ago
5 0

Answer:

Debit to Accounts payable ( A )

Explanation:

To pay for previous credit purchases made by a company it can be made by crediting the Accounts payable of the company or by converting the credit to cash payments to the company from whom the company purchased the goods.

Accounts payable is a liability account operated by a company to take care of all the credit purchase made by the company. crediting this account by the company will help offset previous credit purchases while debiting this accounts will leading to worsening the debit conditions of the company towards its suppliers hence this is a means of paying for previous credit purchases

Cerrena [4.2K]3 years ago
4 0
C. Credit to Accounts Payable
You might be interested in
White Sands Heavy Equipment Co. produces industrial equipment that it sells through its national sales force.
Tcecarenko [31]

Answer:E. a flexible price policy

Explanation:

The flexible price policy is a bargaining system between the buyer and seller to trade together at an agreed price.

The FOB seller factory price policy means where the ownership of the goods transferred to buyer, Robinson's act is only to prevent price discrimenation in the retail industry from the producers, a skimming price policy makes use of dual prices whithin a time interval, a status quo pricing objective is to maintain homogeneous price in the market among the sellers.

3 0
3 years ago
Marigold corp. has 634000 shares of $10 par value common stock outstanding. during the year marigold declared a 13% stock divide
Vera_Pavlovna [14]

No. of shares outstanding before stock dividend = 634000

Price per share = $46

Stock dividend issued (shares issued) = 634000 x 13%

= 82,420

Value of stocks issued as stock dividend = 82420 x $46 = $3,791,320

No. of shares outstanding after stock dividend = 634,000 +82,420

=716420

Cash dividend = 716420 x 0.60

= 429,852

Total reduction in retained earnings = total value of dividend issued

= $3,791,320 + $429,852

= $4,221,172

3 0
4 years ago
In the country of 2, citizens are restricted from moving out of the strata they are born into. Also, individuals are allowed to
vlada-n [284]

Answer:

Caste system

Explanation:

The caste system is referred to as the system in which people are restricted to their own strata. it is referred to social structure in which people are bound to it and restricted to follow their own culture.

In a country like India, the caste system plays a vital role in deciding the social status of people. High caste people are assumed to have higher social status than other lower caste.

3 0
3 years ago
The financial institution that generally charged the lowest rates on loans is
astra-53 [7]

Banks and Credit Unions usually charge the lowest rates on loans.

8 0
3 years ago
On november 1, current year, rockcreek corporation invested 60,000 in a new delivery truck. the truck is being depreciated at a
omeli [17]
The answer would be the stockholders w=equity minus
8 0
3 years ago
Other questions:
  • Wither Spoon Company requires a new manufacturing facility. It found three locations; all of which would provide the needed capa
    8·1 answer
  • If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years
    7·1 answer
  • All of the following are potential consequence of not paying debts on time EXCEPT
    11·2 answers
  • The sound bite in a tv news report is the equivalent of a _________ in a newspaper story
    10·1 answer
  • Demands by customers for companies to become more ethically and environmentally focused have placed added pressures on firms to
    8·1 answer
  • When Excedrin introduced its new Excedrin Migraine into its product line of pain relievers, it was introducing what is called a:
    8·1 answer
  • Sheryl's Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general and administrative expenses were $1
    6·1 answer
  • The drought of 2011 devastated hay crops in the plains states and horse owners ranged far and wide to purchase hay for their hor
    7·1 answer
  • A taxpayer, in the 25% bracket before considering the sale, sold for a gain of $10,000 a residential rental building, purchased
    6·1 answer
  • The quantity demanded of Good A has recently increased by 2% in response to an increase in income. By how much must income have
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!