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laila [671]
3 years ago
15

When a company has a current obligation to make a future payment to their supplier due to a shipment of supplies that were recei

ved last week, the company would record this transaction with an increase to an asset account and a(n) ________ account.
Business
1 answer:
Vlad1618 [11]3 years ago
8 0

Answer:

Liability

Explanation:

Assets are resources controlled by an entity as a result of a past event, for which future economic benefits flow to the entity.

Liabilities on the other hand are current obligations of an entity as a result of a past event for which future economic benefits are expected to flow our of the entity.

Therefore, when a company has a current obligation to make a future payment to their supplier due to a shipment of supplies that were received last week, the company would record this transaction with an increase to an asset account ( inventory or fixed asset for the item received) and a liability account due to the obligation to make future payments.

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Diverse regulatory practices _____ the integration process of a global information system (gis). facilitate speed up impede empo
mylen [45]

The answer in the space provided is impede because they need to prevent the integration process of global information system in which impeding is the process or practice that helps them to engage with the process that involves of the GIS. 

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3 years ago
Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She price
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Shortage

Explanation:

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2 years ago
Why does the quantity of public college education determined in a free market (without government intervention) represent a mark
Elan Coil [88]

<u>Because the </u><u>equilibrium quality </u><u>chosen by the market would be lower than the level that most people would consider desirable, the quantity of public college education determined in a free market (without government intervention) is a</u><u> market failure.</u>

How does government intervention lead to a collapse of the market?

  • Lack of information, market regulation, public goods, and externalities can all contribute to market failure.
  • Government intervention, such as new laws, taxes, tariffs, subsidies, and trade restrictions, can be used to fix market failures.

How does the market for education fail?

  • Due to systematic undervaluation of the roles of motivation and engagement by educational policy, there is a significant market failure in the context of education.
  • Lack of metrics for those qualities and ignorance of their potential usefulness serve as examples of this undervaluation.

Learn more about market failures

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5 0
1 year ago
The passage suggests that the high inflation in the United States and many European countries in the 1980's differed from inflat
vlabodo [156]

Answer:

E) It would not necessarily be considered high elsewhere.

Explanation:

The US inflation rate during 1979 was 11.26%, during 1980 it was 13.55%, and during 1981 it was 10.33%. These numbers may seem very high for American standards, but they aren't really high once you compare them to other nation's inflation rate.

For example, if we look at what is happening in two South American countries right now; Currently Venezuela is facing a hyperinflation measured by millions, and Argentina's current inflation rate is around 60%.

Back in the 1980s, hyperinflation rates were much more common. Argentina, Bolivia, Brazil, Mexico, Peru and Nicaragua, all suffered from hyperinflation (inflation rates in the 1,000s).

The US dollar is considered a very stable currency, that is why an inflation rate of around 10% was considered extremely high for American standards, but not so high compared to the rest of the world.

5 0
3 years ago
The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation.
tia_tia [17]

Answer:

Explanation:

See below

5 0
3 years ago
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