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docker41 [41]
3 years ago
12

A surplus can be best defined as:

Business
1 answer:
ohaa [14]3 years ago
8 0

Answer:

c) Having money left over after meeting your expenses

Explanation:

Surplus refers to having an excess of something. A surplus is when a person or a country has more of an item than they require.

From the choices provided, a surplus will be having money left over after meeting your expenses. This individual has more money than they need. The surplus amount is the remainder after meeting all the expenses. In business, excess money is saved or invested to generate more income. A country with surplus products exports to other countries.

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The following facts relate to Pronghorn Corporation.
katrin [286]

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4 years ago
On July 15, 2021, the Nixon Car Company purchased 2,100 tires from the Harwell Company for $40 each. The terms of the sale were
SOVA2 [1]

Answer:

The journal entries are shown below:

Explanation:

The journal entries are shown below:

On July 15

Purchases (2,100 × $40)      $84,000

          To Accounts Payable    $84,000

(Being the purchase is recorded)

On July 23

Account payable $84,000

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(Being the payment is recorded)

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(Being the payment is recorded)

7 0
4 years ago
John has an auto which is covered for collision losses subject to a $250 deductible. Kate's auto also has collision coverage but
Andrej [43]

Answer:

Kate policy will pay 1500 dollars while Johns policy will pay  250 dollars

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