All categories

3 years ago

Amounts owed to suppliers for supplies purchased on account are defined as

2 answers:

5 0

The term being referred in the item above is called as "Accounts Payable". By the words being used in the term itself, it may be easily determined that this is a liability being owed to the supplier and should be payed in any terms, such as notes, check, or cash.

vlabodo [156]3 years ago

5 0

Amounts owed to suppliers for supplies purchased on account are defined as "accounts payable". It is an accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. Hope this answers the question. Have a nice day.

You might be interested in

according to the international data corporation (idc), what is that crucial ability that will make cloud computing essential for

Fofino [41]

According to the International Data Corporation (IDC), the crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets is D. Data-driven decisions.

<h3>What are data-driven decisions?</h3>

A data-driven decision is the use of facts, metrics, and data to guide strategic business decisions to align with organizational future goals, objectives, and current initiatives.

Data-driven decisions enable organizations to observe real data and gain predictive insights, enabling the organization to achieve efficiency and effectiveness in its operations.

Thus, according to the International Data Corporation (IDC), the crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets is D. Data-driven decisions.

Learn more about data-driven decision-making at brainly.com/question/17651028

#SPJ12

4 0

1 year ago

Help a business kid out:

puteri [66]

Answer:

a.none of these answers are correct

6 0

2 years ago

Read 2 more answers

Trent runs a small business in which he manufactures hinges to be used in kitchen and storage cabinetry. He stores the hinges in

Sonbull [250]

Full question:

Trent runs a small business in which he manufactures hinges to be used in kitchen and storage cabinetry. He stores the hinges in his warehouse and delivers them to various cabinet makers prior to them completing the cabinets' construction. Trent is a

A. retailer.

B. intrapreneur.

C. service provider.

D. wholesaler.

E. direct marketer

Answer:

Trent is a wholesaler

Explanation:

A wholesaler acquires the goods from a producer in mass quantity and re-sells it to retailers in tiny portions. Wholesalers obtain a central position in the retailing course set-up. Warehousing is an essential marketing function offered by the wholesaler.

A wholesaler holds a huge accumulation of goods for retailers. Wholesalers support to maintain prices by regulating stocks according to demand. Many wholesalers manage their warehouses for stocking goods. . He also trades goods to the retailer on account. Thus, at both edges the wholesaler serves as a financier.

6 0

2 years ago

The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method f

adelina 88 [10]

Answer:

Operating Activity

Explanation:

The Indirect method, reconciles the Operating Profit to the Operating Cash Flow by adjusting the following items (1) Non Cash flow items previously added or deducted from Operating Profit and (2) Changes in Working Capital items.

Amortization of bond premium is an item of non-cash flow that was previously deducted from Operating Profit and needs to be added back.

7 0

3 years ago

Libra Electronics specializes in manufacturing computers and computer accessories. As a means to expand business operations, the

iragen [17]

Answer:

The correct answer is letter "E": strategic plan.

Explanation:

The strategic plan of a company is a managerial tool that allows companies to establish what to do and the path that it has to walk to reach its set objectives considering the changes in demand of its surrounding environment. In such a way, it is a critical key for decision-making within any entity.

The strategic planning provides a real frame for managers and stakeholders so they can understand and evaluate the current situation of the company moreover when the firm is struggling or pursuing exploring new markets.

5 0

3 years ago