BUSINESS HIGH SCHOOL

Which of the following would not be used to pay for previous credit purchases under the periodic system?A. Debit to Accounts Payable
B. Credit to Purchase Discounts
C. Credit to Accounts Payable
D. Credit to Cash
i know its not cash

Answers

Answer 1
Answer:

Answer:

Debit to Accounts payable ( A )

Explanation:

To pay for previous credit purchases made by a company it can be made by crediting the Accounts payable of the company or by converting the credit to cash payments to the company from whom the company purchased the goods.

Accounts payable is a liability account operated by a company to take care of all the credit purchase made by the company. crediting this account by the company will help offset previous credit purchases while debiting this accounts will leading to worsening the debit conditions of the company towards its suppliers hence this is a means of paying for previous credit purchases

Answer 2
Answer: C. Credit to Accounts Payable

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A company sells a car to a consumer and helps the consumer set up a loan with regular set payments. What type of credit is this?
Write Pro has accepted a special project creating marketing materials for an event next weekend at the local expo center. In order to meet the deadline, they will need to produce writing at double the usual pace. In this special circumstance, Write Pro’s employees will need to have
Citrus inc., a leading internet service provider, provides its top managers with a bonus every year. however, this year the company performed poorly and its average stock price dropped below the industry standards. the company decided not to reward the managers this time around. this scenario typically illustrates the reinforcement contingency of _____. a) positive reinforcement b) extinction punishment c) negative reinforcement

Daniel Allen has been a patient at Greenway Hospital for the following ailments: January 8, 2012, inpatient for appendicitis; April 16, 2012, emergency department for an asthma attack; May 12, 2013, urgent care for a viral illness, May 13, 2013, inpatient for pneumonia, and once on June 4, 2013 in the emergency department for a sprained arm. How many times will Daniel Allen's name and demographic information be entered in the MPI of Greenway Hospital?

Answers

The number of times that Daniel Allen's name and demographic information be entered in the MPI of Greenway Hospital would be once. This is because the first time he went there, he already started his record at the hospital. For the next admittances, only the case or illness history will be newly recorded.

Explain the different levels of organizational involvement in international trade

Answers

The three different levels of organizational involvement are:
- export and import: in this level of organization, a company maybe contacting others in order to trade by importingd and exportings
- Start selling in Internationaly level: This level entails researching foreign markets, putting together an export plan, and finding salespeople overseas.
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On January 1, 2012, Sunland Company issued $18000000 of 8% ten-year bonds at 103. The bonds are callable at the option of Sunland at 105. Sunland has recorded amortization of the bond premium on the straight-line method (which was not materially different from the effective-interest method). On December 31, 2018, when the fair value of the bonds was 96, Sunland repurchased $4020000 of the bonds in the open market at 96. Sunland has recorded interest and amortization for 2018. Ignoring income taxes and assuming that the gain is material, Sunland should report this reacquisition as

Answers

Based on the information provided, Sunland Company should report the reacquisition of the bonds as an extinguishment or retirement of debt.

When a company repurchases its own bonds before their maturity date, it is considered an extinguishment of debt. In this case, Sunland repurchased $4,020,000 worth of bonds at 96% of their face value, which indicates a discount from the face value of the bonds.

To properly report the reacquisition, Sunland should record the following:

1. Retirement of Bonds Payable: Debit the Bonds Payable account by the face value of the bonds repurchased, which is $4,020,000.
2. Gain on Extinguishment of Debt: Credit the Gain on Extinguishment of Debt account for the difference between the carrying amount of the bonds ($4,020,000 * 96%) and their recorded value on the books.
3. Cash: Credit the Cash account for the amount paid to repurchase the bonds, which is $4,020,000.

It's important to note that the gain or loss on extinguishment of debt should be reported separately on the income statement, typically as a non-operating item. Additionally, the amortization of the bond premium and interest expense should also be recorded, as mentioned in the provided information.

Information gathered from observing the growth of a fish over a month is calleda. data.
b. inferences.
c. variables.
d. hypotheses.

Answers

The information gathered from observing the growth of a fish over a month is called : A. Data
Data refer to the information/statistics that's collected from past experiences or various observation that could support the result of the experiment

Which of the following best describes health insurance?A. insurance underwritten for a group as a whole rather than each individual in it

B. insurance covering losses resulting from physical damage to or loss of the insured's real estate or personal property

C. coverage provided by a firm to employees for medical expenses, loss of wages, and rehabilitation costs resulting from job-related injuries or disease

D. insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease

Answers

Option (D) is correct. Insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease is considered as health insurance.

Further Explanation:

Health insurance:

Health insurance refers to the insurance coverage which pays for the medical and surgical expenses of the insured person. The health insurance covers the risk of medical expenses of the insured person and other covered individuals. It provides coverage for the payment of the expenses incurred due to sickness or injury. The insured person pays the periodic premium and receives the coverage at the time of the contingency.

Justification for the correct and incorrect option:

A.

Insurance underwritten for a group as a whole rather than each individual in it: This is an incorrect option. The health insurance is not underwritten for the life of the individual or group.

B.

Insurance covering losses resulting from physical damage to or loss of the insured's real estate or personal property: This is an incorrect option. The insurance that covers the physical damage of the property comes under property insurance.

C.

Coverage provided by a firm to employees for medical expenses, loss of wages, and rehabilitation costs resulting from job-related injuries or disease: This is an incorrect option because it is not mandatory that the medical insurance is provided by the employer.

D.

Insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease: This is the correct option because the medical insurance covers the losses from the injury and diseases.

Thus, option (D) is correct. Insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease is considered as health insurance.

Learn More:

  1. Learn more about health care insurance brainly.com/question/7325538
  2. Learn more about the insurance rules brainly.com/question/6075135
  3. Learn more about the insurance cover brainly.com/question/1362335

Answer Details:

Grade: Senior School

Chapter: Insurance

Subject: Business Studies

Keywords: best, health, insurance, insurance, underwritten, group, whole, rather, than, each, individual, coverage, employees, medical, expenses, loss of wages, rehabilitation, costs, resulting, job-related, injuries, disease, insurance, covering, losses, resulting, medical, hospital, expenses, income, loss, injury, disease.

Well, insurance does not really cover something if you lose it, so A and B are out of the question. And depending if you were using a work beneficiary, like health insurance, it would be C, but for this one I would consider the answer as being D. Simple because, if you get hurt, they will cover it (if you have insurance.) (sometimes)

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b. Undercapitalization
c. Control of expenses
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Answers

Undercapitalization commonly results in the financial failure of a firm. Undercapitalization is a situation in which a business has insufficient funding, or capital, to support its operations. 
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