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dalvyx [7]
3 years ago
9

A transaction may be an exchange of assets or services by one business for assets, services, or promises to pay from a different

business.A. TrueB. False
Business
1 answer:
kvasek [131]3 years ago
7 0

Answer:

<em>A. True</em>

Explanation:

<em>A transaction may be an exchange of assets or services by one business for assets, services, or promises to pay from a different business.</em>

<em>(1) </em><u><em>Exchange of assets or services by one business for assets, services from a different business</em></u>

The exchange of goods or services only by two different businesses qualifies as a <em>barter transaction</em>. It doesn't include payment for the goods and services purchased in the form of money but includes payment only in the form of goods and services from the other business for the goods purchased by it.

<em>(2) </em><em><u>Exchange of assets or services by one business for promises to pay from a different business</u></em>

This type of transaction is a common transaction involving the purchase of goods and services by one business ( the buyer) from another and thereby making payment to the business from whom it has purchased goods and services (the seller).

The payment can be made immediately or in the future at a specified date mutually agreed upon by both the business parties.

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It is important to reconcile your banking account because you want to make sure that your amount in your account is correct. By reconciling, you are verifying that your statements are correct.

I hope this helped!

8 0
3 years ago
Sal has heard a lot about his town's country club. He heard it has a great golf course, tennis courts, and dining room. In addit
Anna11 [10]

Answer:

An aspiration referral group

Explanation:

As he cannot join the group today, due to shortage of funds, he will join the group later, and accordingly, he expects it to be his aspiration to join the group.

That means it is his wish to join the group, this reflects clearly that the group is an aspirational referral group.

As all the partner's of his business are also members of the group he shall be expecting them to put a referral.

Therefore, the group will be considered as the aspiration referral group.

7 0
3 years ago
Why is it important that a budget be balanced? If your budget does not
IrinaVladis [17]

Answer:

decreases interest rates, increases investment, shrinks trade deficits and helps the economy grow faster in the longer term.

8 0
2 years ago
The fact that most people make some decisions based on intuition rather than calculation is: Select one: a. irrational, because
vodka [1.7K]

Answer:

c. consistent with the cost-benefit model because most people intuitively weigh costs and benefits

Explanation:

People weight the cost and benefit before making desitions Some times without noticing they are doing it.

Also is important to notice intuition takes a role when there are shades in the information, the effect on the personnel and when not all information is available.

4 0
3 years ago
Suppose that Jack makes an offer to sell the restaurant on July 10th. Hal and Sophia decide to think it over. On July 15th they
Anon25 [30]

Answer:

D) Yes, a valid contract was formed on July 15th when the letter of acceptance was sent.

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Legal CONTRACT: An arrangement between two parties to provide a goods or services that is statute, written or verbal contract enforceable by law.

Basics for a valid contract: 1.Free Parties approval. 2.The legal review i.e. there must be legitimate approval

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