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djverab [1.8K]
3 years ago
12

A company borrows cash from a local bank. The company records this transaction with a: Multiple Choice a. Debit to Accounts b. R

eceivable Debit to Cash c. Credit to Accounts Payable d. Credit to Retained Earnings
Business
1 answer:
murzikaleks [220]3 years ago
4 0

Answer:

b. Debit to Cash

Explanation:

when cash is borrowed, the company recognizes an asset in form of cash however, this same transaction gives rise to a liability (a present obligation as a result of a past event) as the cash will be paid back later.

Hence the company debits cash and credits a loan account with the amount borrowed.

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In​ ________, goals set by top managers flow down through the organization and become subgoals for each organizational area.
STatiana [176]

Answer:

traditional goal setting

Explanation:

This is traditional goal setting because the goals flow from the top down. Each organisational area then incorporates them from the top down.

3 0
3 years ago
Kalen is a seventeen-year-old minor who has just graduated from high school. He is attending a university two hundred miles from
aleksandrvk [35]

Answer and Explanation:

According to the scenario, the explanation of the given situation are as follow:-

1. Ability of Contract : According to the law except of some contract a minor can enter into any contract. Mr. kalen is a seventeen year old minor and he can entered the rent contract because it is not banned by the government for the minor.  

2. This is a voidable contract because Mr. Kalen is a minor and he not legally capable to entering in agreement. In voidable contract one party has a right to discontinue the contract it is depends on him that he want to void it or not. If he wants to void it he cannot be bound to go further with this contract. If a minor wants he can rightfully dis-affirm any contract in which he enters.

According to the analysis, under this circumstance, Mr. kalen is not bound to the contract because he is still minor and he shows his disaffirmance of contract by returning the key to landlord. So he is not liable for the balance of the payments due under the lease.    

5 0
3 years ago
What are stocks? Loans people make to a government and expect to be repaid A pool of money from investors that is invested in ma
ozzi

Answer:

The correct answer to the following question is the last option - the shares of ownership in a company that may pay dividends .

Explanation:

Stocks which are also popularly know as shares or equity, can be defined as one of the types of securities which signifies the proportion of ownership in the issuing company . If a person ( who is know as the shareholder or stockholder ) holds a company's shares , then that person is entitled to the proportion of company's assets and earnings ( the proportion would depend upon the number of shares he or she is holding ) . If a company earns profit, then that shareholder would receive some portion of that earning in form of dividends .

4 0
4 years ago
Short-term, intermediate-term, and​ long-term goals are similar in that all represent important financial objectives to be accom
lbvjy [14]

Answer:

Though its not explicity mentioned in the question, I am assuming you want to know the correct option. The correct option in this case is option 2.

Explanation:

As stated in the question, the difference in classifying goals as either long term, short term or intermediate depends on the time frame involved.

Short term goals can be achieved in a few months generally and are set to define goals with the time horizon of a maximum of 1 year.

A long term goal, as the term suggests, is one that takes a significant amount of time. Generally, long term goals are set using a time frame of 10 years.

Given that long term goals cover a longer time period while a short term goal covers a span of 1 year, individuals many times set intermediate goals to keep them motivated. Intermediate goals therefore generally cover a time frame of 2 to 5 years.

Therefore, in the context of the question, these three types of goals can take from 1 to 10 years to accomplish

6 0
4 years ago
Why has the use of teams in the workplace increased so dramatically? What do you believe can be attributed to this?
baherus [9]
The use of teams in the workplace has increased so dramatically because using team work will enable a company to take on additional works without having to employ more staff. This will result in more revenue and profits for the company. Using team work has some great benefits, which include: increased efficiency, idea generation, enhanced communication, support network, shared workload and a great learning experience. 
7 0
4 years ago
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