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soldier1979 [14.2K]
3 years ago
12

All of the following are examples of a business transaction except Select an answer and submit. For keyboard navigation, use the

up/down arrow keys to select an answer. a A. Thomas invests $2,000 in her business. b A. Thomas purchases a computer system on account to be used in her business. c A. Thomas gives an $800 quote to a potential client for services requested. d A. Thomas writes check 1002 out of the business checking account to pay the first month's rent on the space her business is leasing.
Business
2 answers:
Simora [160]3 years ago
8 0

Answer:

a A. Thomas invests $2,000 in her business.

DOES NOT QUALIFY AS A BUSINESS TRANSACTION, THIS QUALIFIES AS AN INVESTMENT TRANSACTION

Explanation:

Business transactions must involve two distinct parties, and must result in the exchange of goods or services. Thomas invested on he business, and that is considered an investment transaction, not a business transaction.

b A. Thomas purchases a computer system on account to be used in her business. QUALIFIES AS BUSINESS TRANSACTION, INCREASES ASSETS AND LIABILITIES

c A. Thomas gives an $800 quote to a potential client for services requested.

QUALIFIES AS BUSINESS TRANSACTION, INCREASES REVENUE AND INCOME

d A. Thomas writes check 1002 out of the business checking account to pay the first month's rent on the space her business is leasing. QUALIFIES AS BUSINESS TRANSACTION, INCREASES EXPENSES AND REDUCES INCOME

mars1129 [50]3 years ago
4 0

Answer:

c

Explanation:

The 800 dollars is a quote but it is not known if the client decided to buy the service or not.

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Answer:

The option that says; "Open market operations involve the purchase and sale of government securities".

Explanation:

The term "open market operation" simply has to do with monetary policy. Open market operation is usually considered as a tool in economics and It is a commonly used by central banks of countries or federal reserves.

The main thing that happens in open market operation is that Government securities are being bought and sold that is the purchase and sale of government securities. The selling and buying of government securities is to make sure that there is reduction in the way money is been supplied.

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Elena-2011 [213]

Answer:

41.92 months

Explanation:

In this question, we use the NPER formula which is shown in the spreadsheet.  

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Given that,  

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Answer and Explanation:

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1. On June 30, 2018, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $21,000 on t
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Answer:

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Now, the $9,000 annual payment after every year for six years need to be presented in its present value, meaning what is the value of those future amounts of $9,000 on June 30, 2018.

To calculate the present value of annuity (annuity means constant and equal payments) for those 6 payments of $9,000, we would need the Present Value Factor which is supplied from the Present Value Table.

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