<u>Explanation:</u>
Payables control accounts helps to maintain each supplier account as a separate subsidiary ledger and reducing the amount of postings in the general ledger. Receivables control account is useful to maintain the credit sales through separate subsidiary ledger.
When there is a control account then the the trial balance of the firm can be easily prepared by seeing the general ledger.
Book keeping errors can also be identified by reconciling the balance on accounts payable and general ledger accounts.
Answer:
b.if 100 units can be produced for $100, then 150 can be produced for $150, 200 for $200, and so forth.
Explanation:
Constant-cost means the cost of producing one unit of product does not change no matter how many products each firm in the industry decide to produce.
If the cost of production is $100 for 100 units, $150 for 150 units, $200 for 200 units and so forth, it means the unit production cost is a constant $1 regardless of the quantity to be produced.
<span>You can delay your payments.
You can cancel the loan.
Discharge the loan by going bankrupt.
The best of these three would be your personal preference..
</span>
Answer:
The amount of cash for the payment of dividends during the year is B. $40,000
Explanation:
To Determine the amount of cash for the payment of dividends during the year, we open a Dividends Payable T - Account and find the amount via <em>missing figure approach</em> as follows:
Debits :
Cash (<em>Balancing figure</em>) $40,000
Ending of year Dividends Payable $15,000
Totals $55,000
Credits :
Beginning of year Dividends Payable $10,000
Dividends declared during the year $45,000
Totals $55,000
