A liability created by buying goods or services on credit is typically recorded to:

Answers

Answer 1

The term that describes the place to record liability that is been created through buying goods or services on credit is : Accounts payable.

Accounts payable can be regarded as amounts due to vendor/ suppliers for the received service which is on credit.

It where the liability created by buying goods or services is been recorded.

Therefore, Accounts payable is the correct term.

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Related Questions


A. Canto Lent us $500 by cash *
Which account is being debited and which account is being credited?

Answers

cantos account is being debited and your account is being credited

when an account takes out money it's being debited and when an account is bringing in money it's being credited

Claire opened her own Starbucks franchise in her community. She is pleased with how quickly she was able to open her franchise and that she
was able to establish a good customer base from the start because of name recognition. However, since she started this business to be her
own boss, Claire is likely to

A. Invest in his own capital and national and local advertising programs
B. Take sole responsibility for all the decisions in the business
C. Embrace the franchisors restrictions because they lead to a greater chance for success
D. Resent the management training and support the franchiser provides
E. Get frustrated with the restrictions of the franchise

Answers

C. Embrace the franchise restrictions

Claire is likely to Embrace the franchisors restrictions because they lead to a greater chance for success option(c) is correct.

Who was Claire?

Claire was a person who gradually opened her Starbucks actually in her community she established a good customer base merely of her name in that organization.

As she is her own boss she accordingly embraces the franchisors restrictions which actually lead for more and more success of her.

Therefore Option(c) is correct.

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#SPJ2

Lauren rents an apartment for $1,000 per month. How much equity will she have built up after living there for two years

Answers

Lauren's equity build-up after living there for two years is; 24 × $1,000 = $24,000

By definition:

Equity build-up is the increase in the net ownership value of a property that is achieved by the gradual reduction of the mortgage loan principal that was used for financing its acquisition by the investor.

This gradual reduction of the mortgage loan principal in discuss is achieved by the periodic payments made by the borrower.

In essence, her equity build-up after living there for two years is;

24 × $1,000 = $24,000

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Jordynne was the manager of Pets-R-Us, a pet store in Southern Valley Mall. Pets-R-Us had a one-year lease, and rent payments were $2,000.00 per month. Five months into the lease, Jordynne found a better site for the pet store. She notified Southern’s manager, vacated the mall, and moved her store to its new location. After two months, Southern was able to re-lease the premises to another retail store, but at a reduced rent of $1,800.00 per month. If Southern successfully sues Pets-R-Us, Southern will likely receive:_________

Answers

Southern is likely to receive $14,000 for damages

A lease such as the one between Jordynne and Southern represents a contract. Due to this, it is expected both parties met the conditions previously agreed. This means:

Jordynne should have stayed in the first site for a year.Southern cannot ask Jordynne to leave the site she rented.

In this context, it was Jordynne the one that breached the contract, as a consequence Southern can sue her. In this case, it is expected Jordynne has to pay the rent for the months she was not in Southern Vally Mall.

$2,000 x 7 months (she left in the fifth month) = $14,000

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Describe how has Manchester United implemented each element of the marketing mix?
Do you think Manchester United has been successful in integrating those components? Why or why not?
How has the marketing mix helped Manchester United in branding their franchise?

Answers

The marketing mix at Manchester United was positive and further helped the team create value for consumers and increase their positioning and profitability.

Pricing in Manchester United's marketing mix is ​​premium, which has contributed to the team's image of being one of the most valued today, with loyal fans willing to pay a higher amount to purchase the team's products and services.

Manchester United's product is the team, which sells football shirts all over the world, in addition to having its own television channel where it sells its broadcast to other channels and a product marketing website. There are also ticket sales, partnerships with large companies, etc.

The promotion is carried out through the recognition of Manchester United around the world as one of the most appreciated teams today, with commercial strategies focused on building value through players, who are considered idols, such as Cristiano Ronaldo and Cavani.

Therefore, Manchester United implemented the elements of the marketing mix through a strategy focused on the core product, which is the team, through advertising carried out by the players themselves to sell products associated with the team.

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If loans become far less available, then sectors of the economy that ______________ like business investment, home construction, and car manufacturing can be dealt a crushing blow.

Answers

Answer:

depend on borrowed money

Explanation:

Which is the difference between an associate’s degree and a bachelor’s degree?

An associate’s degree is usually earned during secondary education, but a bachelor’s degree is usually earned during post-secondary education.
An associate’s degree is earned by completing on-the-job training, but a bachelor’s degree is earned before training begins.
An associate’s degree is earned in a college where a student studies many subjects at once, but a bachelor’s degree is earned in a career college.
An associate’s degree is earned by completing a two-year college education, but a bachelor’s degree is earned by completing four years of college.

Answers

Answer:

An associate degree is a 2-year process while a bachelor's degree 4 years in college.

Answer  its A :)

Explanation:

An associate’s degree is usually earned during secondary education, but a bachelor’s degree is usually earned during post-secondary education.

100 points & brainliest.

Answers

Answer:

A

Explanation:

Answer:

the answer is the first option (A)

Explanation:

A _____ combines financial measures of past performance with nonfinancial measures of the drivers of future performance to provide management with a road map for creating shareholder value.


a. profit center

b. balanced scorecard

c. cost driver

d. operating budget

Answers

Business often uses the balanced scorecard. A balanced scorecard combines financial measures of past performance with nonfinancial measures of the drivers of future performance.

A balanced scorecard is simply regard as a strategy performance management tool. It is known as a thorough structured report, that is used by managers to monitor the execution of activities by the staff within their control.

It is also used to keep track the consequences arising from these actions.

It is known also as a management system targeted at translating an organization's strategic goals into a number of organizational performance objectives.

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Discuss the likely impact on papua new guinea if its copper and gold mines become exhausted?​

Answers

Answer:

miners might stop making income resulting in a shortage of money thus lowering income in new guinea. The mines will also be turned to landfills. which means more areas to fill with waste and dirty garbage.

Explanation:

identify each political scenario as promoting neoliberal economics, or not.

Answers

The examples of neoliberal economic policies include:

The privatization of state-owned infrastructure.Free markets.Reduction of government funding for social services.

Neoliberal economic policies are the policies that are used in the elimination of price controls, lowering trade barriers, deregulation of the capital markets, and making use of privatization.

Therefore, examples of neoliberal economic policies are the privatization of state-owned infrastructure, free markets, and the reduction of government funding for social services.

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A bank offers a home improvement loan with simple interest at an annual rate of 12%. J. T. Borrows $14,000 over a period of 3 years. How much will he pay back altogether?.

Answers

He will pay back $19,040 in total, his interest accumulated over 3 years would be $5,040.

it would be 5,020

add that to 14,000

cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of cash flows as

Answers

The purchase/sale of long-term assets and current investments are classified as Investing activities under the statement of cash flows.

Basically, a cash-flow statement is a financial statement that records the cash and cash equivalent that goes in and out of the business.

The section of the cash-flow statement is divided into:

Operating activitiesInvesting activitiesFinancing activities

The Investing activities entails transactions that includes purchase and sale of long-term assets and other business investment.

Therefore, the Investing activities is the answer.

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Margo has a daily income of $60, which she can spend on coffee or bagels. Each cup of coffee costs $3 and each bagel costs $4. She is currently spending all her income, and she is willing to forgo 1 bagel to get the next cup of coffee to achieve the same level of utility. To maximize her utility, she should:_______.
a. increase bagel consumption and decrease coffee consumption
b. decrease both consumption of coffee and bagel
c. do nothing
d. increase coffee consumption and decrease bagel consumption

Answers

Answer:

decrease both consumption of coffee and bagel

a respected mit professor had a simple 5-word rule for his classroom, and every company should follow it

Answers

The respected MIT Professor who had a simple 5-word rule for his classroom and who advised that companies should follow is Patrick Winston.

Patrick Winston was a respected MIT Professor who had a simple 5-word rule for his classroom. He knew how to speak and get others to listen.

He taught at MIT for fifty years and knew how to captivate his audience. Winston's rule of engagement is an example of emotional intelligence in real life. It's the ability to make emotions work for you.

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In you opinion, what is a business?

Answers

Answer:

a business is a organazation organized by a single perons or group in order to propfit from the business to grow the business to become susceful. Many Buisness are created everyday for example: Online businesses , You-Tube Channels, Inst-agram Accounts, Sound-Cloud rappers,etc. Some business may be more effecient that others. Business is an organization where people work together. In a business, people work to make and sell products or services. ... A business can earn a profit for the products and services it offers. The word business comes from the word busy, and means doing things. It works on regular basis.

A proposed regulation concerning urban mass transit should be investigated for its safety and security impacts only by legislators voting on the issue, because deregulation prohibits inquiry about things like economic impact.

True
False

Answers

Answer:

True

Explanation:

Answer:

false

Explanation:

I got it right

In terms of organization architecture, _____ refers to the employees of the organization, the strategy used to recruit, compensate, and retain those individuals, and the type of people that they are in terms of their skills, values, and orientation.

Answers

In terms of organization architecture, people refers to the employees of the organization, the strategy used to recruit, compensate, and retain those individuals, and the type of people that they are in terms of their skills, values, and orientation.

what is the index that tracks the top 500 u.s. stocks?

Answers

Answer: The S&P 500 Index

Explanation:

Which work value is most likely to be important in a person's career choice?

oA.
preferring a fast-paced environment
oB.
volunteering at the animal shelter
oC.
spending time on social media applications
oD.
being skilled at negotiating and bargaining with people

Answers

Answer:

oD. being skilled at negotiating and bargaining with people

at the time of creation of cui material the authorized holder

Answers

Answer:

The authorized holder is responsible for applying CUI markings and dissemination instructions accordingly.

Explanation:

what are the effects of increasing a manager's span of control ?

Answers

Answer: Higher average span of control means fewer layers of management within the organization and a relatively flatter organizational structure.

Explanation: This can lead to, Faster decision-making due to fewer levels of approvals required for a specific decision, which allows the company to respond more quickly to business issues.

How often is USPS mail typically delivered to a business?

Answers

Answer: According to USPS FAQ, The general time standard is typically 2-9 days in the 48 contiguous states. Package Services is not a guaranteed service; delivery by a certain date or time is not available.

which term refers to the mix of nations, economies, and cultures?

Answers

Answer:

globalization

Explanation: I just took this quiz

A motor vehicle sold on credit to C. Kelly will require which of the following entries:



Debit Purchases, Credit C. Kelly

Debit motor vehicle, Credit C. Kelly

Debit C. Kelly, Credit purchases

Debit C. Kelly, Credit Motor vehicle

Answers

When a motor vehicle is sold to C. Kelly on credit, the relevant entries would be Debit C. Kelly, Credit Motor vehicle.

When an item is sold on credit to an entity, that entity becomes an Accounts Receivable. As this is an asset, it is debited when it increases which is the case here with C. Kelly purchasing the car on credit.

The motor vehicle account is an asset and assets are credited when they decrease. By selling the vehicle, the motor vehicle account will be credited to show that motor vehicles have decreased.

In conclusion, the accounting entry for the above scenario would be Debit C. Kelly, Credit Motor vehicle.

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The investment most likely to fluctuate over time is
A. stocks
B. government bonds
C. mutual funds
D. hedge funds

Answers

Answer:  A. stocks

Explanation:

This is because the stock is focused on one company, which is likely to fluctuate in value depending on various circumstances (eg: its quarterly profit or its competition). Unless you have detailed knowledge of the company, then it's really anyone's guess as to whether its stock price will rise and fall. Of course we can make educated guesses, but ultimately it's fairly random what goes on.

Of this group, stocks are the riskiest choice to make due to the higher volatility. On the opposite side of the risk spectrum are government bonds. These are the safest choice offering a more guaranteed return. The catch is that the rate of return is smaller compared to stocks. Refer to the saying "the higher the risk, the higher the reward". Mutual funds and hedge funds are somewhere in between stocks and bonds.

Some customers are more valuable than others if they ______ the company. a. generate less revenue for b. communicate less with c. generate more revenue for d. communicate more with

Answers

Answer

communicate more with

Explanation:

within just a few years of its inception, uber was operating in more than 35 countries around the world. by moving into new markets early, uber hoped to capitalize on

Answers

Considering the situation described above, by moving into new markets early, uber hoped to capitalize on the "first-mover advantage."

The first-mover advantage is a term often used in the business or strategy world to describe the company's capacity to be more successful than its competitors due to being the first company to enter the market in a new product category or new location.

Thus, when Uber moves to a new market early in a new country or location where there are no platforms like Uber, it is believed that Uber hoped to capitalize on a first-mover advantage to gain customers and revenues.

Hence, in this case, it is concluded that the correct answer is "first-mover advantage."

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What is your idea of failure?

Answers

Answer:

Personally, failure is the inability to succeed die to the lack of effort. If full effort was given and the best someone could do was done, I don't count it a failure but a growing opportunity or a lesson. However if the lack of success was die to the lack of effort or persistance, I count it a failure. I also think success taken dishonestly or unjustly is considered a failure because rather than benefitinh someone, it is a detriment to their character.

A store manager paid $181 for an item and set the selling price at $253.40. What was the percent markup

Answers

Based on the information given the percent markup is 40%.

Using this Formula

Percent markup=(New price-Old price)/Old price

Where:

New price=$253.40

Old price=$181

Let plug in the formula

Percent markup=( $253.40-$181)/$181

Percent markup=$72.4/$181

Percent markup=0.4 ×100

Percent markup= 40%

Inconclusion the percent markup is 40%.

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