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liq [111]
3 years ago
7

The ability to borrow money is called

Business
2 answers:
Olin [163]3 years ago
3 0

Answer: the ability to borrow money is called credit

Explanation:

This ability to borrow money is called having credit. ... The money you owe is called debt. The money you borrow is yours to spend, but remember: when you borrow money, you're taking on a real responsibility to pay the money back! You need to make monthly loan payments and usually have other costs called interest and fees.

sergiy2304 [10]3 years ago
3 0

Answer:

A. Credit

.....

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Roman Industries' plant operates five days per week with a daily payroll of $6,000. Employees are paid every Saturday for the wo
Sergeu [11.5K]

Answer:

$12,000

Explanation:

Calculation to determine the amount of Wages Expense recorded on the next payday, Saturday, April 3

Using this formula

Wages Expense=Daily payroll *2 days

Let plug in the formula

Wages Expense=$6,000*2 days

Wages Expense=$12,000

Therefore the amount of Wages Expense recorded on the next payday, Saturday, April 3 is $12,000

4 0
3 years ago
What is brand repositioning?
timofeeve [1]
Brand repositioning is when a company changes their status in the marketplace. Like changes to the marketing mix including product, price, location, and promotion. Repositioning happens to fulfill consumer wants and needs

Hope this helps!
3 0
3 years ago
Demand for food doesn't change in response to a change in price. Why?
Alborosie

the answer is D, demand for food is inelastic

7 0
4 years ago
Read 2 more answers
Daffy Duct, Inc. issued 10,000 shares of no-par value common stock at $10 per share. Miss Hap, the bookkeeper, recorded the tran
Westkost [7]

Answer:

B

Explanation:

When a company issues shares, ‘cash’ is debited because money has come into the firm (debit means addition). ‘Equity’ is credited however because it is money the business is owing to the business owners (credit means negative)

Equity is always a credit balance when new shares are issued. It means the business is owing more to the business owners.

Note that Equity is a credit balance (in negative position) while Asset is a debit balance (positive)

In our case, we have added more business owners by getting more money to the business to the tune of $100,000. We will therefore credit equity by -$100,000). Since money came in, we also debit cash by adding an equivalent +$100,000.  

The entry is therefore balanced and correct!

8 0
3 years ago
A current warehouse system has five warehouses with 4,000 units at each warehouse. The company desires to change to three wareho
morpeh [17]

Answer:

25,768

Explanation:

The square root rule of inventory states that the average inventory level can be calculated by multiplying the total inventory by the square root of the number of future warehouses divided by the number of the current warehouses.It's purpose is to estimate the effect of risk pooling.

Workings

X2 =( X1)* ( N2/N1)

Inventory per warehouse = 4000

No of Warehouse = 5

To inventory = 4000*5 = 20,0000

New no of Ware house = 3

20000(√5/3)=

20000*1.29=25,768

6 0
3 years ago
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