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
PIT_PIT [208]
3 years ago
9

Miller is the owner of a restaurant that has several franchises. One of the franchisees owes Miller a sum of $18,000 for the goo

ds that he had bought from Miller on credit. In this scenario, the money owed to Miller is known as _____.
Business
1 answer:
sammy [17]3 years ago
8 0

Answer:

Accounts receivable

Explanation:

Accounts receivable is the money owed by a company to its debtors. They are usually legal payments for goods and services procured in credit without paying for them.

  • The franchise is treated as the debtor in this deal.
  • Miller is owed an account receivable of $18000
  • A common example is water and electricity bills.
  • Such goods are supplied before they are paid for.
You might be interested in
Kristen Lu purchased a used automobile for $10,100 at the beginning of last year and incurred the following operating costs: Dep
densk [106]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Kristen Lu purchased a used automobile for $10,100 at the beginning of last year and incurred the following operating costs: Depreciation ($10,100 ÷ 5 years) $ 2,020 Insurance $ 1,100 Garage rent $ 600 Automobile tax and license $ 280 Variable operating cost $ 0.14 per mile

1) 10,000 miles

Insurance= 1,100

Garage= 600

Tax= 280

Variable costs= 0.14*10,000= 1,400

Total= $3,380

Cost per mile= 3380/10000= $0.338

2) The only relevant cost is the variable operating cost per mile. The other costs will exist whether she uses the car or not.

3 0
3 years ago
Jose and Juanita are buying their first home. They want a low interest rate on loans, and they want to deal with someone local a
Sedbober [7]

Answer:

savings and loan association

8 0
3 years ago
Why did Krispy Kreme decide to manufacture all the donut mix and distribute it to the stores?
sveta [45]

Answer:

Option A

Explanation:

In simple words, Krispy Kreme Doughnuts, Inc. is an American doughnut company and coffeehouse chain owned by JAB Holding Company.  Krispy Kreme was founded by Vernon Rudolph, who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores.

They make all their dough of the product by themselves so that the neutrality regarding their consistency remains intact thought the country,

5 0
3 years ago
Under __________ requirements, the union must apply the terms of contract equally to all bargaining-unit employees. question 15
aksik [14]

Under mandatory bargaining requirements, the union must apply the terms of contract equally to all bargaining-unit employees. There are different subjects that are available and open for bargaining. Salary, benefits, contract and employment terms are all types of subjects that an employee can bargin to get what they want even if it's not initally offered. All mandatory subects directly impact an employees terms and conditions in a company.

3 0
3 years ago
Demonstrate the required adjusting entry needed to record a $1,000 note receivable collected by the bank by choosing the correct
MrRissso [65]

Answer:

Debit Cash $1,000 and credit Notes Receivable $1,000.

Explanation:

The adjusting entry is shown below:

Cash Dr $1,000

    To Notes receivable $1,000

(Being the note receivable collected by the bank is recorded)    

While recording the transaction, we debited the cash account as it increases the cash balance and credited the note receivable.

Hence, the second option is correct

5 0
3 years ago
Other questions:
  • A business collects data about its market size, consumers’ purchasing power, market competition, similar products, and so on. Th
    13·1 answer
  • True or False: An interest-bearing account is an account that generates interest income on the available balance in the account.
    15·1 answer
  • King Waterbeds has an annual cash dividend policy that raises the dividend each year by 44​%. The most recent​ dividend, Div 0Di
    6·1 answer
  • Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received
    13·1 answer
  • Production Budget Pasadena Candle Inc. projected sales of 64,000 candles for January. The estimated January 1 inventory is 2,600
    11·1 answer
  • Tito Company reports a $20,000 increase in inventory and a $5,000 decrease in accounts payable during the year. Cost of Goods So
    13·1 answer
  • Which of the following refers to a set of rights to control a tangible or intangible thing?
    6·1 answer
  • The beginning inventory of SoCal Wholesalers was $121,000, and the ending inventory is $116,500. What entries are needed at the
    12·1 answer
  • Sweet night :) sleep tight​
    12·1 answer
  • After World War I and the Great Depression, consumers purchased far less. To address overproduction, companies relied on adverti
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!