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Alecsey [184]
3 years ago
11

The payment of accounts payable would

Business
1 answer:
Tema [17]3 years ago
3 0
Decrease assets, decrease liabilities. Accounts payable are what the business owes (liabilities). By paying off accounts payable, the liabilities are decreasing (they owe less) and the assets are also decreasing (because they use assets/cash to pay off the liabilities, so they have less now).

Hope that helps
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Which of the following describe the role of an entrepreneur in a capitalist economic system? (Select 2)
cestrela7 [59]

Answer:

  • Someone who combines the factors of production into a business
  • -Someone willing to risk loss and failure for profit.

Explanation:

An entrepreneur is a person who starts and sets up their business.

Characteristics of Entrepreneurs

  • Entrepreneurs have Self-Motivation and effective communication skills.
  • They are natural managers with the capability to motivate, encourage and inspire people in their team.
  • They have Money management and handling skills.
  • They are prepared to take a risk for profit.
  • They take big decisions very carefully.
  • They are confident,creative and Open-Minded.

6 0
3 years ago
Which of these is an example of a bank’s commitment to pay? a. Fee arbitration agreement b. A warrant c. Letter of credit d. Bil
igor_vitrenko [27]

Answer:

Letter of credit

Explanation:

A letter of credit is a written guarantee from a buyer's bank to the seller, assuring them of payments from the buyer. Should the buyer fail to honor the payments, the bank commits itself to pay. The letter of credit guarantees the seller that upon meeting some pre- defined conditions, the bank would release to them a specified amount, in the stated currency.

Letters of credit are most suited for international trade. The nature of foreign trade is that buyers and sellers do not know each other and operate under different laws. A letter of credit assures each party that the other will fulfill their obligation. The issuing bank will charge for providing the letter of credit services.

7 0
3 years ago
George Bennet wants to give his son $20,000 upon completion of his college education. If he invests $5,500 now in an account ear
Dmitry_Shevchenko [17]

Answer:

It will take 16.09 years.

Explanation:

Giving the following information:

Future value= $20,000

Present value= $5,000

Interest rate= 9%

<u>To calculate the number of years required to reach the objective, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)  

n= ln(20,000 / 5,000) / ln(1.09)

n= 16.09

It will take 16.09 years.

6 0
3 years ago
Solutions Group managers suggest that clients consider doing a resonance test when designing advertising, because this will help
kipiarov [429]

Scenario 7-5) Solutions Group managers suggest that clients consider doing a resonance test when designing advertising, because this will help understand target consumers regarding their

a.recognition of the brand.

b.potential purchase of the brand.

c.emotional connection to the brand.

d.attitude changes about the brand

Answer:

Option C is correct

Explanation:

This is used for measuring product experience of consumers on a particular brand. It tests products concept for emotional and functional design attributes such as consumer needs, believability(trust) and differentiation in level of product experience by customers.

6 0
3 years ago
Nathanial Drummond has three different insurance policies. He has been injured in an accident and has incurred $30,000 in medica
marysya [2.9K]

<span>The answer is D. Major medical insurance.</span>

This usually covers all healthcare including prescription medicine and out-patient costs and even other services like physical therapy and mental health. Unlike basic health care, this kind of insurance sets a limit on your medical expenses, even if you have very costly treatment.

6 0
3 years ago
Read 2 more answers
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