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kolbaska11 [484]
3 years ago
8

The debt created by a business when it borrows from a vendor or supplier is called a(n):

Business
2 answers:
Tatiana [17]3 years ago
3 0

Answer: Account payable

Explanation:

 The account payable is one of the type of department which track all the expenditures, purchasing order statement and the payment.

The main responsibility of the account payable is that it maintain all the historical records of the payment and also balance all the debt system. It is the process of recording all the important information or the data.  

According to the given question, the debt basically created by the business during the process of borrows  from the supplier or the vendors is known as the account payable.  

garri49 [273]3 years ago
3 0

Answer:

account payable

Explanation:

Accounts payable (AP) refers to the money owed towards its vendors by a corporation being shown on the firm's financial statements as a liability. It is distinguished from notes pending, which are liabilities generated by specific legal instruments.

The account payable will be registered at the moment the bill is vouched for compensation in the Account Payable post-ledger. Vouchered, or expressed support, implies that a bill is accepted for compensation and is reported as an outstanding, or available, liability in General Ledger or AP sub-ledger as it was not compensated.

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Erin works at a financial institution. She has offered a housing loan to a customer. While carrying out the transaction, which l
Neko [114]

Answer:

D. ensure that she credits the loan amount accurately to the customer’s account

Explanation:

Erin needs to address this legal responsibility, and "arranging an informal meeting with the customer" is not a legal responsibility. Similarly, C is not a legal responsibility, and in fact, it is a crime. And E is not a legal responsibility. These details are not being given at the time of sanctioning the loan. However, D is certainly a legal responsibility as Erin needs to ensure that she credits the loan amount accurately to the customer's account.

6 0
3 years ago
The firm negotiates a new agreement with its workers for lower wages. The ATC curve should be __________ and the AFC curve shoul
WINSTONCH [101]

Lower; unchanged

  • Average total cost (ATC) in economics is calculated as total fixed and variable costs divided by the number of units produced. The normal shape of the average total cost curve is a U, meaning it drops, bottoms out, and then rises. The total cost of an organization is the sum of its fixed and variable costs.
  • The vertical summation of AFC and AVC must be obtained in order to graph average total costs (ATC). Plot the points as shown on the left after adding the two at each output level. Because it is the result of adding the AFC and AVC curves, the ATC curve is higher than the other two. You can see that it is U-shaped, just like the AVC curve, on the left.

Thus this is the answer.

To learn more about curve, refer: brainly.com/question/25109150

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4 0
2 years ago
Leh Inc. recently borrowed $275,000 from its bank at a simple interest rate of 9 percent. The loan is for nine months and, accor
Andreyy89

Answer:

Monthly payment =$32,618.05

Explanation:

<em>To arrive at the monthly installment, we would calculate the total interest due on the loan for nine months, add it to the principal and then divided the sum by 9 months</em>

<em>The monthly installment</em>

= (Principal + total interest for 9 months)/ number of months

<em>Interest for 9 months </em>

= 9%× 9/12 × 275,000

= $18,562.5

<em>Monthly installment</em>

= (275,000 + $18,562.5)/9

=32,618.05 per month

3 0
3 years ago
. What is a great system to manage money and prevent taking too much from one category? Please describe the
Allushta [10]

I'm pretty sure the answer would be a budget? A good budget is a way you can keep track of your money. Like what you are spending it on in different categories (like bills, entertainment, food, etc) and how much money is being spent in each.

4 0
3 years ago
Trade adjustment assistance promotes political support for free-trade agreements by:
Rus_ich [418]

Answer:

option C is the right answer

Explanation:

trade adjustment assistance programme was created to reduce the burden or damaging impart of import felt by some sector of the economy of a nation. and it creates an incentive to reduce trade barriers and export subsidies

4 0
3 years ago
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