answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What term describes any company or person who owes money to the business?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What is the function of stock exchange?

Stock is basically part ownership of a business. A person invests his or her money in the business which the business uses to better the company. When the company does well, the person who invested in the company gets a certain percentage of the profits of the company. Depending on how well the business is doing, a percent of that business is worth a certain amount of money that can change either decreasing the money in the stockholder's pocket or increasing it. Trading stocks is a way for people to make money by investing money in companies.


3 persons have a share in a business one has more shares than the othe but the business owns the name so if the business folds who is responsible for over draft payments and the name of the company if?

It depends on the type of company it is. If it is a partnership then it will be decided how much money each person pays by the percentage of shares each person owns. If it is a public limited company then no one owes the bank any money.


What is the name of a person who manages the money of a business?

A finance manager is the name of a person who manages the money of a business.


What are six items an effective financial plan identifies describes or explains?

Identifies the assets that need to be purchased Describes the amount of money a business needs to start and operate Describes the expenses the business will incur and explains how a business will cover its expenses Describes how the business will document and report financial records Forecasts finances to project future profitability Explains how the business will acquire money to grow or expand


What do you call a person who handles money in a business?

This answer can depend on the type and formation structure of a business. Several managers can be assigned to handle the funds of a company. Most often this is the Comptroller.

Related questions

What is the function of stock exchange?

Stock is basically part ownership of a business. A person invests his or her money in the business which the business uses to better the company. When the company does well, the person who invested in the company gets a certain percentage of the profits of the company. Depending on how well the business is doing, a percent of that business is worth a certain amount of money that can change either decreasing the money in the stockholder's pocket or increasing it. Trading stocks is a way for people to make money by investing money in companies.


What is Paypal most commonly used for?

PayPal, the company used to transfer money, is mostly used for exchanging money from person to person online, such as a single person's small business or eBay store.


3 persons have a share in a business one has more shares than the othe but the business owns the name so if the business folds who is responsible for over draft payments and the name of the company if?

It depends on the type of company it is. If it is a partnership then it will be decided how much money each person pays by the percentage of shares each person owns. If it is a public limited company then no one owes the bank any money.


What is the name of a person who manages the money of a business?

A finance manager is the name of a person who manages the money of a business.


What are six items an effective financial plan identifies describes or explains?

Identifies the assets that need to be purchased Describes the amount of money a business needs to start and operate Describes the expenses the business will incur and explains how a business will cover its expenses Describes how the business will document and report financial records Forecasts finances to project future profitability Explains how the business will acquire money to grow or expand


What do you call a person who handles money in a business?

This answer can depend on the type and formation structure of a business. Several managers can be assigned to handle the funds of a company. Most often this is the Comptroller.


What is The moving of money throughout the country from business to business and person to person?

circulation


What describes the term capital?

money that is used to fund the daily activities of a business


What term describes any supplier to whom the business owes money?

debtor


Why the properties of business man called company assets?

Properties in a business is called company assets because it is what keeps the business going. This is the money that is collected in a business.


How long do you have to be in business to qualify for a SBA loan?

A person that owns their own business must have adequate flow of money coming in to the business. Must have solid ground to be able to fall back on in case the company were to fail.


How does a business get the money to start a finance company?

Making the company public, Loan from the bank,