Homework Answers
Business must manage their accounts payable by effectively not paying the customer late neither very early, also check is a better and efficient way to pay accounts payable,
The answer is thus,
d. by paying suppliers on the last day the invoice is due.
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QUESTION 23 4 points Save Businesses must manage their accounts payable effectively: by paying suppliers late...
QUESTION 22 The cash account shows a balance of 590.000 before reconciliation. The bank statement does...
QUESTION 22 The cash account shows a balance of 590.000 before reconciliation. The bank statement does not include a deposit of $5.000 made on the last day of the month. The bank statement shows a collection by the bank of $2.400 and a customer's check for $640 was returned because it was NSF. A customer's check for $900 was recorded on the books as $1,080, and a check written for $138 was recorded as $192. The correct balance in the...
• There is not enough information to answer this question. 23. The schedule of accounts payable...
• There is not enough information to answer this question. 23. The schedule of accounts payable is prepared from the general Journal receiving report general ledge accounts payable subsidiary ledger None of the above 24. Which of the following is an objective of Internal control of purchases? To create more organized invoices To create a disciplined work environment To make the sales process more complex None of the above 25. Discount Store, a retail business, keeps a $100 change fund...
Pt 2 What is the debt ratio of the firm QUESTION 39 1 points For the...
Pt 2 What is the debt ratio of the firm
QUESTION 39 1 points For the next 9 questions suppose the following data: (Use a 360-day year.) Balance Sheet Cash& WS Receivables Inventories Fixed Assets 20,000 Accruals 50,000 Accounts Payable40,000 80,000Notes Payable ies Total Assets ota Annual Sales$1,500,000 Net Income $60,000 Stock price $60 Cost of Goods Sold $1.200,000 What is the current ratio of the firm? 1.25 1.42 1.80 O 1.92 2.45 Click Save and Submit to save and...
Homework: HW Section 6.5 (must earn 90% to earn 10 points) Save Score: 0.5 of 1 pt 9 of 11 (11 complete) ▼ HW Score: 95.45%, 10.5 of 11 pts Question Help 6.5.32 Find the surface area and the volume o...
Homework: HW Section 6.5 (must earn 90% to earn 10 points) Save Score: 0.5 of 1 pt 9 of 11 (11 complete) ▼ HW Score: 95.45%, 10.5 of 11 pts Question Help 6.5.32 Find the surface area and the volume of the cement block in the figure shown. What is the surface area of the cement block? in 956 in.2 6 in 5 in. What is the volume of the cement block? iin. 8 in 23 in Enter your answer...
21 all the information needed is in the first 2 photos This fact pattern provides information...
21
all
the information needed is in the first 2 photos
This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31, Year 1, Merle bought $14,000 of supplies on account on the day the firm was founded. This was the only purchase of supplies in Year 1. Later in Year 1, the firm returned defective supplies valued at $4,000 to the supplier. The cost of the supplies returned was deducted from Merle's account payable. At...
18 This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31,...
18
This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31, Year 1, Merle bought $14,000 of supplies on account on the day the firm was founded. This was the only purchase of supplies in Year 1. Later in Year 1, the firm returned defective supplies valued at $4,000 to the supplier. The cost of the supplies returned was deducted from Merle's account payable. At the end of Year 1, Merle's employees conducted a physical...
please Help me!! Remaining Time: 3 hours, 11 minutes, 53 seconds. Question Completion Status: QUESTION 1...
please Help me!!
Remaining Time: 3 hours, 11 minutes, 53 seconds. Question Completion Status: QUESTION 1 The following information is for Bright Eyes Auto Supplies: Bright Eyes Auto Supplies Balance Sheet December 31, 2015 $ 40,000 80,000 100,000 140,000 180,000 250.000 Accounts Payable Salaries and Wages Payable Mortgage Payable Total Liabilities Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings $200,000 Less Accumulated Depreciation (60.000 Trademark Total Assets $ 130,000 50,000 150.000 330,000 Common Sock Retained Earnings...
industries is planning for the construction of a 4-level Question Completion Status: QUESTION 1 Johnnsston Industri...
industries is planning for the construction of a 4-level
Question Completion Status: QUESTION 1 Johnnsston Industries is planning for the construction of a 4-level shopping center/movie complex. To finance the construction, Johnnsston is considering the issuance of a $25,000,000 bond issue. The bonds are projected to have the following terms issue on January 1, 2019 a S25,000 000, 20-year 8% bond paying terest due annually on January 1 of each year for the next 20 years. Scheduled reti ement is...
Problem 7-3A Special journals, subsidiary ledgers, and schedule of accounts payable-perpetual LO C3, P1, P2 Wiset...
Problem 7-3A Special journals, subsidiary ledgers, and schedule of accounts payable-perpetual LO C3, P1, P2 Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. 2 Purchased $16,000 of merchandise on credit from Noth Company, invoice dated April 2, terms 2/10, n/60. 3 Sold merchandise on credit to Page Alistair, Invoice No. 760, for $5,900 (cost is $2,800). 3 Purchased $1,590 of office supplies on credit from Custer,...
QUESTION 22 The cash account shows a balance of 590.000 before reconciliation. The bank statement does not include a deposit of $5.000 made on the last day of the month. The bank statement shows a collection by the bank of $2.400 and a customer's check for $640 was returned because it was NSF. A customer's check for $900 was recorded on the books as $1,080, and a check written for $138 was recorded as $192. The correct balance in the...
• There is not enough information to answer this question. 23. The schedule of accounts payable is prepared from the general Journal receiving report general ledge accounts payable subsidiary ledger None of the above 24. Which of the following is an objective of Internal control of purchases? To create more organized invoices To create a disciplined work environment To make the sales process more complex None of the above 25. Discount Store, a retail business, keeps a $100 change fund...
Pt 2 What is the debt ratio of the firm
QUESTION 39 1 points For the next 9 questions suppose the following data: (Use a 360-day year.) Balance Sheet Cash& WS Receivables Inventories Fixed Assets 20,000 Accruals 50,000 Accounts Payable40,000 80,000Notes Payable ies Total Assets ota Annual Sales$1,500,000 Net Income $60,000 Stock price $60 Cost of Goods Sold $1.200,000 What is the current ratio of the firm? 1.25 1.42 1.80 O 1.92 2.45 Click Save and Submit to save and...
Homework: HW Section 6.5 (must earn 90% to earn 10 points) Save Score: 0.5 of 1 pt 9 of 11 (11 complete) ▼ HW Score: 95.45%, 10.5 of 11 pts Question Help 6.5.32 Find the surface area and the volume of the cement block in the figure shown. What is the surface area of the cement block? in 956 in.2 6 in 5 in. What is the volume of the cement block? iin. 8 in 23 in Enter your answer...
21
all
the information needed is in the first 2 photos
This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31, Year 1, Merle bought $14,000 of supplies on account on the day the firm was founded. This was the only purchase of supplies in Year 1. Later in Year 1, the firm returned defective supplies valued at $4,000 to the supplier. The cost of the supplies returned was deducted from Merle's account payable. At...
18
This fact pattern provides information needed to answer Q#17-Q#21. Year 1 Transactions: On May 31, Year 1, Merle bought $14,000 of supplies on account on the day the firm was founded. This was the only purchase of supplies in Year 1. Later in Year 1, the firm returned defective supplies valued at $4,000 to the supplier. The cost of the supplies returned was deducted from Merle's account payable. At the end of Year 1, Merle's employees conducted a physical...
please Help me!!
Remaining Time: 3 hours, 11 minutes, 53 seconds. Question Completion Status: QUESTION 1 The following information is for Bright Eyes Auto Supplies: Bright Eyes Auto Supplies Balance Sheet December 31, 2015 $ 40,000 80,000 100,000 140,000 180,000 250.000 Accounts Payable Salaries and Wages Payable Mortgage Payable Total Liabilities Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings $200,000 Less Accumulated Depreciation (60.000 Trademark Total Assets $ 130,000 50,000 150.000 330,000 Common Sock Retained Earnings...
industries is planning for the construction of a 4-level
Question Completion Status: QUESTION 1 Johnnsston Industries is planning for the construction of a 4-level shopping center/movie complex. To finance the construction, Johnnsston is considering the issuance of a $25,000,000 bond issue. The bonds are projected to have the following terms issue on January 1, 2019 a S25,000 000, 20-year 8% bond paying terest due annually on January 1 of each year for the next 20 years. Scheduled reti ement is...
Problem 7-3A Special journals, subsidiary ledgers, and schedule of accounts payable-perpetual LO C3, P1, P2 Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. 2 Purchased $16,000 of merchandise on credit from Noth Company, invoice dated April 2, terms 2/10, n/60. 3 Sold merchandise on credit to Page Alistair, Invoice No. 760, for $5,900 (cost is $2,800). 3 Purchased $1,590 of office supplies on credit from Custer,...
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