You Bought a Sanding Machine from the Local Hardware Store

question 15

Multiple Choice

You bought a sanding machine from the local hardware store using the credit card of the store chain on December 30, 2019 to be delivered on January 10, 2020.When should the sanding machine be recognized on the firm's balance sheet?

• A)When the payment is made to the credit card
• B)When you receive the machine on Jan.10
• C)When you made the purchase on Dec.30
• D)When the credit card company makes the payment to the store

Recognize the importance of tone, style, and specificity in writing persuasive and routine business messages.

Develop skills in revising and improving business messages to ensure clarity, tone appropriateness, and effectiveness.

Understand the procedures for effective written communication within a business setting, including the creation and dissemination of standard operating procedures.

Understand the concept of business ethics and how they guide marketplace actions.

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Definitions:

Navigation Mode

A user-interface feature or setting that changes the way a user can move through or interact with software, a document, or the internet.

New (Blank) Record

An empty data entry that can be filled with information, used in databases and data management systems to add new sets of data.

Compacting Database

The process of optimizing database performance by reducing the size of the database files and reorganizing their structure.

Currency Data Type

A data type used in programming and database management that is specifically designed to handle monetary values, often including automatic formatting and precision for financial calculations.