A business transaction that involves a purchase on account is considered to be a(n) a. Cash transaction.
Question:
A business transaction that involves a purchase on account is considered to be a(n)
a. Cash transaction.
b. Credit transaction.
c. Investment of the owner.
d. Expense transaction.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
A business transaction that involves a purchase on account is considered t...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A half dollar is considered to be defective if it deviates substantially from these specifications: The weight is 11.340 g, the diameter is 30.61 mm, the thickness is 2.15 mm, the composition is...
-
A manufacturing process is considered to be "in control" if the long-run mean weight of components produced is 0.20 kilograms, even though individual components may vary from this mean. Here are...
-
A machine is considered to be operating in an acceptable manner if it produces 0.5% or fewer defective parts. It is not performing in an acceptable manner if more than 0.5% of its production is...
-
Clara Hughes, who is pushing 5 0 , has medaled both in speedskating and road cycling ( and showing no signs of slowing down ) completed a training event where she biked 5 0 km east, stopped and rode...
-
Condensed financial data for Next Wave Company follow: NEXTWAVE COMPANY Comparative Statement of Financial Position NEXTWAVE COMPANY Statement of Earnings Data For the year ended December 31, 2011...
-
In a back-to-back stem-and-leaf plot, each of the two data sets plotted must have the same _______________. In Exercises 36, fill in each blank with the appropriate word or phrase.
-
Athens Academy Surplus had 50,000 shares of common stock and 10,000 shares of \(5 \%, \$ 10\) par preferred stock outstanding through December 31, 2008. Income from continuing operations of 2008 was...
-
M&M Lamont Corp, uses no debt. The weighted average cost of capital is 11 percent. If the current market value of the equity is $25 million and there are no taxes, what is EBIT?
-
Create three role-playing scripts depicting the supervisory skills, include a conversation between the supervisor and another member of the company (e.g., subordinate, coworker, CEO). demonstrate the...
-
Complete the proof of Theorem 8.5.3 by dealing with the case in which r(v, x) is strictly decreasing in v for each x. In Theorem 8.5.3 Let X = (X1, . . . ,Xn) be a random sample from a distribution...
-
How do a purchase requisition and a purchase order differ?
-
Manufacturers make purchases to conduct their business. Imagine that you work in the purchasing department of a large toy manufacturer like Mattel. Your job is to place orders for the parts used to...
-
Chuck, a dentist, raises prize rabbits for breeding and showing purposes. Assume that the activity is determined to be a hobby. During the year the activity generates the following items of income...
-
Does the food service operation face financial risk when they have stockouts?
-
The blue samurai, a japanese restraurant, has an asset turnover of 3.5 the total assets were 95,000 what are net sales for the blue samurai?
-
Gatekeeper Manufacturing reported 50,000 physical units that were 100% complete for direct materials during the period. In addition, the 50,000 physical units were 100% for conversion costs. In terms...
-
What are the emerging trends and challenges in the field of electrochemical engineering, particularly in the development of advanced materials and electrode architectures for high-performance energy...
-
A firm issued 100,000 shares of corporate bond. The bond has a maturity of 15 years, 5% coupon rate with semi-annual coupon payments, $1,000 face value, and a price of $950. Suppose the corporate tax...
-
Data related to the income and expenses of Cazle Company for the year ending December 31, 2016, follow: Allocated indirect expenses Kitchen department.....................$77,900 Bath...
-
The MIT Sloan School of Management is one of the leading business schools in the U.S. The following table contains the tuition data for the masters program in the Sloan School of Management. a. Use...
-
If a friend asks you to sponsor his or her participation in a charity event, such as a run or walk, do you usually give a positive response or not? Why? Would your response be different if that...
-
Identify and define four different types of individual motivations for giving.
-
What are the advantages and disadvantages of holding special events as a means for soliciting gifts?
-
American X wishes to borrow U.S. dollars at a fixed rate of interest. Corporation Y wishes to borrow Japanese Yen at a fixed rate of interest. The amounts required by the two companies are the same...
-
Bunga Raya Kuning Berhad is a Malaysian-based MNC that obtains 12 percent of its supplies from the U.K. manufacturers. Sixty-five percent of its revenues are from due to exports to U.K. where its...
-
Trevor's Tool Shop is considering investing in a new machine. The company currently has $500,000 per year in sales. The company has $265,000 per year in net income. If the company invests in the new...
Study smarter with the SolutionInn App