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Solnce55 [7]
3 years ago
10

Buyer Bill will receive a utilities bill for an estimated $300 at the end of the month. At closing, the seller has used an estim

ated $100 of the bill. What should appear on the closing statement?
a) a debit to the seller and credit to the buyer for $200
b) a debit to the seller and credit to the buyer for $100
c) a debit to the buyer and credit to the seller for $200
d) a debit to the buyer and credit to the seller for $100
Business
1 answer:
liraira [26]3 years ago
5 0

Answer:

b) a debit to the seller and credit to the buyer for $100

Explanation:

The portion of the utilities bill consumed by the seller is not to be borne by buyer Bill, he cannot be made to pay for what he did not consume, the correct treatment is for seller to bear the $100 consumed by him by way of the following entries

Debit  The seller $100

Credit  Buyer bill $100

This is in the spirit of fairness to both Buyer Bill and Seller.  

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In the context of trust and job performance, the ability to focus reflects the degree to which employees can devote their attent
Marrrta [24]

Answer:

A) True

Explanation:

Individuals bring a number of differences to work. They have a variety of personalities, values, and attitudes. When they enter into organizations, their stable or transient characteristics affect how they behave and perform. Moreover, companies hire people with the expectation that they have certain knowledge, skills, abilities, personalities, and values. In the context of trust and job performance, the ability to focus reflects the degree to which employees can devote their attention to work.

3 0
3 years ago
Read 2 more answers
Suppose Best Buy is the only electronics store in a particular​ market, but RadioShack is thinking about entering the market. Be
Verizon [17]

Answer:

Big buy must sell at large at a smaller price which will give tough time to Radio Shack and this is the threat that RadioShack don't want to bear.

Explanation:

Best Buy will choose large quantity because it helps in satisfying the needs of public at large at a lower price. This will force RadioShack to lower its price which will result in losses and this fear of losses will act as a enterance deterent. Though the profit on this strategy is lower but it will safeguard future revenues as RadioShack will not enter the market or get defeated very quickly.

4 0
4 years ago
On November 1, 2013, Wenger Co. paid its landlord $4,260 in cash as an advance rent payment on its store location. The six-month
Lubov Fominskaja [6]

Answer:

The journal entry should be:

November 1, 2013, six months of rent paid in advance

Dr Prepaid rent 4,260

    Cr Cash 4,260

Assets                                             = liabilities + equity

cash            prepaid rent

-$4,260       $4,260                          $0              $0

Revenues           -          Expenses          =           Net income

$0                                  $0                                   $0

This operation represents an operating cash flow activity.

3 0
3 years ago
Tgif. chris and terry have been trying to live within their budget but miss going out to dinner on friday nights. they decide no
Nikitich [7]

45 quarters +120 dimes  = 165 coins

45(.25) + 120(.05) =

11.25 +  + 12.00 = 23.25

There are 45 quarters and 120 dimes.

6 0
3 years ago
On a particular day, the Dow Jones had a rate of change of -2.1%. Which of the following statements must also be true?
Ne4ueva [31]

Options :

A) the average of the 30 stocks in the dow jones increased.

B) every stock in the dow jones decreased

C) The NASDAQ increased.

D) The S&P increased.

Answer: B) every stock in the dow jones decreased

Explanation: The rate of change is used to measure or keep track of percentage change in stock prices over time. The change might be a positive or negative change. The change of - 2.1% indicated above exemplifies a negative change and thus a decrease or fall in stock prices over the measured time period. It indicates a downward trend and thus a decline in the stocks of dow jones.

7 0
3 years ago
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