A seller (or supplier) of goods or services to a business organization is known as a:
A. Vendor.
B. Creditor.
C. Vendee.
D. Payee.
E. Debtor.
Answer: A
You might also like to view...
The third step in the closing process is to transfer the balance in which of the following accounts to the permanent owner's equity account?
a. Revenue b. Expense c. Income Summary d. Owner's Capital
Suppose a State of North Carolina bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 5.5%, how much is the bond worth today?
A. $585.43 B. $614.70 C. $645.44 D. $677.71 E. $711.59
Which of the following is an implied guarantee when an assignor is paid for making an assignment?
A. The assignor has good title to the rights assigned. B. Any oral statement representing the claim is genuine. C. The promisor himself or herself does not have the capacity to contract. D. The contract has been discharged two months prior to assignment.
To study changes in ROA, the analyst can disaggregate ROA into the product of two other ratios: the profit margin for ROA ratio and the total assets turnover ratio
Indicate whether the statement is true or false