Question

Blue Wholesale Shirt Co. sold shirts to Pink Retail Shoppe. The owner of Pink Retail said she would pay Blue at a later date, which Blue Wholesale agreed to. Blue Wholesale Shirt Co. is considered to be a:

Answer 1

Answer:

creditor

Explanation:

Blue Wholesale Shirt Co. and Pink Retail Shoppe are business partners. The products produced by the Blue Wholesale Shirt Co. is bought by Pink Retail Shoppe. And Pink Retail Shoppe pays Blue Wholesale Shirt Co. in terms of money for the products purchased.

It is mentioned that Pink Retail Shoppe purchased shirts from Blue Wholesale Shirt Co. and the owner of the Pink Retail Shoppe promises to pay Blue Wholesale Shirt Co. at a later date in the future.

This makes the Blue Wholesale Shirt Company the creditor because Pink Retail Shoppe owes money to Blue for the purchased of the product. A creditor in one whom money is to be owed.

Thus the answer is creditor.