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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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2 years ago
Interest is eligible to be capitalized as part of an asset's cost, rather than being expensed immediately, when:a. The asset is
Lostsunrise [7]

Answer and Explanation:

d. All of these answer choices are correct.

7 0
3 years ago
A recently launched line of baby clothing is gaining popularity among a large mass of the population. In which stage of fashion
svet-max [94.6K]
C. Rise stage
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3 years ago
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How does economic efficiency relate to the gains of consumers and producers? a. It a market economy, when the demand for a good
Lelechka [254]

Answer: Option (D) is correct.

Explanation:

The economic efficiency is achieved at a point where demand curve and supply curve intersects each other. This point is known as market equilibrium. The area under the demand curve and above the equilibrium price level is known as consumer surplus.

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Hence, the combine area of consumer surplus and producer surplus have to maximized to have a economic efficiency in an economy.

7 0
3 years ago
The Morris Corporation has $350,000 of debt outstanding, and it pays an interest rate of 8% annually. Morris's annual sales are
Vinil7 [7]

Answer:

8.14 times

Explanation:

The computation of the Time interest earned ratio is shown below:

As we know that

Times interest earned ratio = (Earnings before interest and taxes) ÷ (Interest expense)

where,

Earnings before interest and taxes = Income before income tax for the year + Interest expense

But before tha,  we need to do the following calculations

The interest amount  is

= $350,000 × 0.08

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And, the interest expense is $28,000

So, the TIE ratio is

= $228,000 ÷ $28,000

= 8.14 times

3 0
3 years ago
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