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3 years ago

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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At Afterbadge, a chain of stores that sells computer accessories, all the marketing activities are planned at the company headqu

Anna11 [10]

Answer:

The correct answer is letter "B": Centralization of authority.

Explanation:

Centralization of authority takes place in companies where high-rank executives take most or all the decisions regarding the operations. Employees voice is not heard under this approach. Managers tend to implement this strategy when they pretend to minimize the percentage of mistakes incurred in the firm. The organization of the company tends to be bureaucratic.

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3 years ago

"At Artistic Floral Creations, the non-managerial employees all receive the same pay increase every year. Usually this increase

vladimir1956 [14]

Answer:

Artistic Floral Creations has a entitlement philosophy of compensation.

Explanation:

A compensation philosophy is simply refers to a formal statement which documents a company's position about the compensation of its employees.

It is an explanation of the reason for employee payment and it creates a framework for consistency. Employers use their compensation philosophy to attract, retain and motivate employees

Entitlement philosophy of compensation therefore assumes that the employees who have worked for another year in a company are entitled to pay increases, regardless of their performance differences. This action is often geared towards a higher job performance, and job satisfaction.

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3 years ago

Read 2 more answers

What is an exchange rate? A. How much bonds are worth when they're exchanged with cash B. How much dollars are worth when they a

lidiya [134]

Hello!
The answer is

C. How much a currency is worth when it's exchanged with another country's currency.

Good luck!

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3 years ago

The manager of a computer software company wishes to study the number of hours senior executives by type of industry spend at th

miskamm [114]

Answer:

Since the calculated value of F= 5.733 falls in the critical region we reject the null hypothesis and conclude all three means are not equal.

Explanation:

The given data is

Banking Retail Insurance

12 8 10

10 8 8

10 6 6

12 8 8

10 10 10

The results of excel are:

Anova: Single Factor

SUMMARY

Groups Count Sum Average Variance

Column 1 5 54 10.8 1.2

Column 2 5 40 8 2

Column 3 5 42 8.4 2.8

1) Let the null and alternate hypotheses be

H0: u1=u2=u3 i.e all the three means are equal and

Ha: Not all three means are equal

2) The significance level is set at ∝ =0.05

3)The test statistic to use is

F= sb²/ sw²

which has F distribution with v1= k-1 →3-1=2 and v2= n-k →15-3=12 degrees of freedom

After calculations the following table is obtained.

ANOVA

Source SS df MS F P-value F crit

of Variation

B/w Groups 22.93 2 11.467 5.733 0.01788 3.885

Within Groups 24 12 2

Total 46.93 14

4) The critical region is F ≥ F(0.05, 2,12) = 3.885

5) Since the calculated value of F= 5.733 falls in the critical region we reject the null hypothesis and conclude all three means are not equal.

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3 years ago

Which of the following is consistent with effective internal control over sales transactions?A. The accounting department prepar

JulijaS [17]

Answer:

A. The accounting department prepares a shipping report authorizing the shipment of goods

Explanation:

Internal control over sales is part of the audit procedures for the sales and collection cycle. Its purpose is to control the entire sales process so that there is no alteration in the related activities or in the documents associated with them. This type of control establishes parameters to disaggregate the tasks in several people, creates verification mechanisms so that the products delivered will be those already registered and controls that the goods or services are only delivered to customers with a good credit score.

According to the above, the response that shows an effective internal control over sales transactions is the A, since it establish a list of products authorized to ship, creating a control over the procedure avoiding errors that may appear.

4 0

3 years ago