The impact of the vendor with the zero opening balance is to show that the account has been correctly set up.
<h3>What is the vendor opening balance?</h3>
This is the term that is used to refer to the amount of money that is in an account at the particular time that the account is newly opened.
The way that the vendor balance can be gotten is when the opening balances that are in a new year are carried forwards and the customers are done. In order to track this, the code that is to be used is F. 07.
The opening balance is what would have to be brought forward at the end of an accounting period and it is usually what the vendor would have to use as they try to keep a track of the cash flow that is in their account.
Hence we would say that the impact of the new vendor with this balance that is 0 is to help to determine how correct the set up of the account has been done.
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1 - unearned revenue
2 - prepaid expense
Answer:
d. executes design blueprints provided by other firms and manufactures such products
Explanation:
An original equipment manufacturer makes parts and components and sells them to other firms for reselling under the reseller's brand name. The original equipment manufacturer(OEM) makes complete devices or parts that the reseller uses to manufacture other goods. There has to be a good relationship between the manufacturer and the final and the OEM.
The manufacturer must determine the quality and other specifications for components that go into their products. Some products are not manufactured; they are an assembly of parts from various OEMs.
Traditionally, OEMs do not brand or market their products. They receive designs form clients who eventually market the products. However, modern OEM are branding and even selling their products. Examples of OEMs include firms that manufacture automobile parts who sell to car manufacturers. Others are computer parts and software producers who sell to computer manufacturers.
