Homework Help Question & Answers

All of the following events at a sandwich shop are transactions except O A. A customer...

All of the following events at a sandwich shop are transactions except O A. A customer purchases a sandwich. OB. A representa

All of the following events at a sandwich shop are transactions except O A. A customer purchases a sandwich. OB. A representative from the local university contacts the manager of the shop to get a list of catering services O C. The accountant for the sandwich shop pays the electric bill. OD. A delivery of coffee beans purchased on account from the local roaster is received.
0 0
Next > < Previous
ReportAnswer #1

Answer is B: A representative from the local university contact manager of the shop the get a list of catering services.

Explanation;

Transaction is occasion when someone buys or sells something, or when money is exchanged for the activity of buying or selling something.

In the Given case A representative from the local university contact manager of the shop the get a list of catering services. He is not buying any product (i.e goods) of sandwich shop. He just asking for list of catering services so that he can order it. so this event are not consider for transaction because he is neither buys or sells product nor money has been exchanged for the activity of buying or selling Product.

In other case are consider as a transaction because someone buys or sells something, or money is exchanged for the activity of buying or selling something

A. Customer Purchase a Sandwich (i.e Buying of goods)

B. The accountant for sandwich shop pays the electricity bill (i.e money is exchanged for payment of electricity bill)

C. A delivery of coffee bean purchase on account from the local roaster is received (i.e Buying of goods)

Know the answer?
Add Answer to:
All of the following events at a sandwich shop are transactions except O A. A customer...
Your Answer: Your Name: What's your source?
Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Photos Screerwhot (1png See all photos + Ad to O Search thare The following events occurred...

    Photos Screerwhot (1png See all photos + Ad to O Search thare The following events occurred for Favata Company a. Received $20.000 cash from owners and issued stock to them. b. Borrowed $17,000 cash from a bank and signed a note due later this year. c. Bought and received $1,800 of equipment on account. d. Purchased land for $32,000: paid $3,000 in cash and signed a long-term note for $29,000. e. Purchased $13,000 of equipment; paid $3,000 in cash and...

  • SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the...

    SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...

  • And there was a buy-sell arrangement which laid out the conditions under which either shareholder could...

    And there was a buy-sell arrangement which laid out the conditions under which either shareholder could buy out the other. Paul knew that this offer would strengthen his financial picture…but did he really want a partner?It was going to be a long night. read the case study above and answer this question what would you do if you were Paul with regards to financing, and why? ntroductloh Paul McTaggart sat at his desk. Behind him, the computer screen flickered with...

  • Go With the Flow, Incorporated (“Company”) designs, manufactures, and sells a broad range of...

    Web Moving Images Texts Audio Software Patron Info About IA ProjectsHome American Libraries | Canadian Libraries | Universal Library | Community Texts | Project Gutenberg | Children's Library | Biodiversity Heritage Library |Additional CollectionsSearch: All Media Types Wayback Machine Moving Images Animation &Cartoons Arts &Music Community Video Computers &Technology Cultural &AcademicFilms Ephemeral Films Movies News &Public Affairs Prelinger Archives Spirituality &Religion Sports Videos Television Videogame Videos Vlogs Youth Media TextsAmerican Libraries Canadian Libraries Universal Library Community Texts Project Gutenberg Children's...

Free Homework App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.