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2 years ago

Determine if each of the following plans are short term, long term, or operational

Business

1 answer:

stira [4]2 years ago

6 0

Answer:

answer is b

Explanation:

because u are gettin a long term

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How Central Bank control the activities of the Commercial Bank?

pishuonlain [190]

The Central Bank is the "banker" to banks, government, and financial institution, where the Commercial Bank is the "banker" to the citizens. The Central Bank is the monetary authority of the country. The Central Bank does not deal with the general public, but Commercial Bank does

7 0

3 years ago

Pharoah Incorporated factored $154,700 of accounts receivable with Engram Factors Inc. on a with recourse basis. Engram assesses

VashaNatasha [74]

Answer:

Cash 135,604 debit

Due from factor account: 7,735 debit

Loss on Factoring 18,081 debit

Recourse Liability 6,720 credit

Accounts Receivable 154,700 credit

--to record sales of account receivables--

Explanation:

fee: 154,700 x 3% = 4,641

retention: 154,700 x 5% = 7,735

recourse: 6,720

The company will receive cash for the difference between his account receivable and the discount above:

154,700 - 4,641 - 7,735 - 6,720 = 135.604‬

We post the retention as an assets as latter we will recove this amount.

Then, the recourse as a liaiblity. Write-off the receivables and later, the cash receipts.

The difference will be considered a loss.

5 0

2 years ago

On August 15, we purchased equipment for $5,000. We paid $1,000 down with the remainder to be paid later. What account(s) would

vodka [1.7K]

Answer:

a. Cash and accounts payable

Explanation:

The journal entry to record this given transaction is shown below:

Equipment A/c Dr $5,000

To Cash A/c $1,000

To Account payable A/c $4,000

(Being the equipment is purchased for cash and on account)

Since the equipment is purchased for $5,000 that increase the asset account and the cash is paid for $1,000 so it would be credited plus the remaining amount is given on credit basis so we credited the account payable account

6 0

3 years ago

Read 2 more answers

Includes all the activities in selling goods or services directly to final consumers for personal, non-business use.

Inga [223]

Answer: Option B

Explanation: In simple words, retailing refers to the process in which an organisation makes their produced goods or serve to the end consumer efficiently. The retailing adds the value of the commodity by providing it to the end consumer more easily as everyone would not be able to collect the desired commodity directly from supplier.

Any business unit that is involved in the activity of purchasing the goods and selling the goods further for a margin is involved in retailing process. Retailer usually collects its inventory from the whole seller appointed by the producer.

7 0

2 years ago

How could the journalist improve this article to be less biased?

liubo4ka [24]

We need to see the article to give the best answer, but the closest choice would be <u>D.</u>

Giving both sides of the story is one way to avoid bias (aka favoring) toward one side.

7 0

3 years ago