1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gtnhenbr [62]
3 years ago
10

Thomas Company has decided to purchase a company vehicle. The accountant was given all of purchase details. Which should be used

to record the vehicle in the accounting records? The price negotiated with the dealer. The manufacturer’s suggested retail price (MSRP). The amount of the loan with the bank. The average selling price of similar vehicles in the area.
Business
1 answer:
DanielleElmas [232]3 years ago
8 0

Answer:

The price negotiated with the dealer.

Explanation:

Since in the question it is mentioned that the Thomas company decided to purchase a company vehicle. And the accountant provided all the purchase details.

So for recording the vehicle in the accounting records the price negotiated with the dealer is used as in the accounting, only numbers are recorded which are based on the type of the transactions.

The purchase details includes color of a vehicle, price, mileage, capacity, etc

Therefore for accounting purpose, we only considered the price and the same is to be considered.

You might be interested in
____ is not a characteristic common to all organizations. Select one: a. Equal authority and responsibility b. Common goal or pu
Lyrx [107]

Answer: Equal Opportunity and Responsibility.

Explanation: Every successful organization share in common: a common goal they target to achieve, proper coordination, and hierarchy of authority.

In most organizations authority is NOT equal and each individual has their key roles they perform to ensure success is achieved.

There is always a leader or a team of leaders and those following their lead.

5 0
3 years ago
Lavender Furniture established itself in 1965 as a small firm. It was situated on a small stretch of land located miles away fro
marshall27 [118]

Answer:

B) Resources

Explanation:

Since Lavender Furniture sold high quality products and had an efficient management, it was able to acquire and manage several assets including a larger plot of land for its facilities, better machinery, more employees and a highly recognized brand name. All of these are valuable resources, most of them are tangible (land, machinery and labor), but they were also able to develop an intangible resource such as a highly recognized brand name which can really be valuable.

3 0
3 years ago
Which market segment should a no-frills hotel target?
Vera_Pavlovna [14]

Answer:

the answer would be d. I got it right on Plato

6 0
3 years ago
____ includes the planning, executing, and controlling of all activities involved in raw material sourcing and procurement, conv
seraphim [82]

Answer:

Supply chain management

Explanation:

Managing the supply chain relates to maintaining the day-to-day operations related to the goods and services.  

The goal is to turn the raw material into the finished goods by going through the manufacturing work cycle so that the product is ready to be sold and shipped to the consumer with specified time and exact location.

In turn, it also focuses on achieving a strategic edge and increasing customer satisfaction.

4 0
3 years ago
Communication skills are unimportant in today’s technologically advanced world. Please select the best answer from the choices p
Valentin [98]

Answer:

false

Explanation:

even with technology you still need to know how to communicate properly.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Agriculture commodities are usually sold under which environment
    12·1 answer
  • A broker/dealer has agents who work with individual investors in California. The broker/dealer and all of the agents are located
    12·1 answer
  • _____ are the cost of borrowing money.
    7·2 answers
  • Jay stops at the shopping mall to purchase a new pair of jeans from the diesel store. he is the ultimate consumer in a pipeline
    9·1 answer
  • Bank reconciliation information for Kaden Co. for May 31 is as follows: (a) The bank statement balance is $2,936. (b) The cash a
    11·1 answer
  • Matt's Machine Company has borrowed $10 million for four months at 5.5% APR, using inventory stored in a field warehouse as coll
    15·1 answer
  • When experiences are insufficient and the risk of making a wrong decision i high, a consumer is more likely to use _____________
    13·2 answers
  • Sandblasting equipment acquired at a cost of $42,000 has an estimated residual value of $6,000 and an estimated useful life of 1
    13·1 answer
  • The ________ is the fraction of earnings reinvested in the firm.
    14·1 answer
  • What is the best hot water system to buy in Canberra?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!