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3 years ago

If you buy something on credit, you must pay back the amount you borrowed

2 answers:

6 0

Yes this is true but you dont have to pay it back right after but it's best you pay it off before you buy something else so you dont go in debt

sladkih [1.3K]3 years ago

3 0

When you buy something on credit, you are essentially being loaned the amount and you typically must pay a minimum amount each month. It might not end up being the exact amount you initially paid due to compound interest from the debt.

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Which one of the following reports helps track past due bills and bills that are due shortly? Multiple Choice Accounts Payable A

Alenkasestr [34]

Answer:

Accounts Payable Aging Summary

Explanation:

The account payable aging summary refers to the summary of the past due bills and the bills which are due shortly. It shows the amount which we have to pay in the prescribed time limit i.e 30 days 45 days etc

Therefore the reports which is needed to track the past due bills and that are due shortly we called as the account payable aging summary

Hence, the first option is correct

4 0

3 years ago

Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point below that PPF. Assuming that th

qaws [65]

Answer:

The correct answer is: a new law that interferes with economic efficiency.

Explanation:

A production possibilities frontier shows all the points where production is efficient. The resources are being completely employed. The points above the frontier are unattainable. The points below the frontier are attainable but inefficient.

If there is a movement from the frontier to a point below it. This means inefficient allocation of resources. It can happen because of some law interfering in efficient allocation of resources.

3 0

3 years ago

Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods

adell [148]

Answer:

Direct material price variance= $12,500 unfavorable

Explanation:

Giving the following formula:

The standard price per pound is $2.00.

The actual quantity of materials purchased and used in production is 50,000 pounds.

The actual purchase price per pound of materials was $2.25.

<u>To calculate the direct material price (spending) variance, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2 - 2.25)*50,000

Direct material price variance= $12,500 unfavorable

6 0

3 years ago

Winkler, a CPA, provided accounting services to a client, Thompson. On December 15 of the same year, Thompson gave Winkler 100 s

Lina20 [59]

Answer:

the bonds will recognize a gain for 3,500

Explanation:

The adjusted basis of the stock will be the value in Winkler books.

So selling at 7,500 will recognize gain for 3,500

6 0

3 years ago

When practicing entrepreneurship, starting with means at hand involves ______. a.using your available resources to fund your ven

lord [1]

When practicing entrepreneurship, starting with means at hand involves analyzing who you are.

<h3>What is entrepreneurship?</h3>

entrepreneurship can be regarded as the term that describes owing a business and been responsible for both the risk and the profit.

Therefore, as an entrepreneur , you must be able to analyze who you are, so as to know your strength.

Learn more about entrepreneurship at;

brainly.com/question/22477690

#SPJ1

3 0

2 years ago