Answer:
The cash paid on June 24 is $8,754.25
Explanation:
The computation of the cash paid is shown below:
= (Merchandise purchase - returned goods) × ( 1 - discount rate)
= ($9,500 - $475) × ( 1 - 0.03%)
= $9,025 × 0.97
= $8,754.25
Since the company paid the amount within the discount period, so it can avail the discount benefit.
We deduct the discount rate from 1 as the percentage value is 100 so that accurate value can come.
1. a balance sheet includes all except depreciation.
2. business do have to report their financial statements to the irs so this is true.
3. the loss that a company experiences when a service goes unused is a liability.
hope this helps ☺
Explanation:
Human resources is one of the organizational resources that will bring the most sustainable competitive advantages to a company. In the globalized and competitive environment, companies have become promoters of social and environmental well-being in addition to being merely profitable entities, which involve all their stakeholders, from end customers, such as investors, suppliers and employees.
The human resources department needed to adapt to this new demand from society, and then manage human capital more ethically and effectively. The workplaces of large companies are made up of people of different cultures, nationalities and values, so it is essential that each organization has policies and practices that include protection, integration and respect for the values and profile of each employee.
Therefore, it is also necessary for each employee to adapt to the multicultural work environment, be ethical, have good communication skills and adapt to new work dynamics, always seeking innovation and business vision.
They create obligations normally applied to government agencies
Ordinarily, the most significant audit objective and primary risk area for auditors in the examination of accounts payable is:
Audit Objective: Completeness is the main goal of the accounts payable audit. Completeness suggests that the payable won't receive any significant future additions. Accounts payable are a significant source of operating cash flows in the drug wholesale industry because inventory turnover is very high.
Primary Risk Area:
1) Intentionally understated are expenses and accounts payable.
2) There are payments made to unsuitable vendors.
3 )Payments are made twice to vendors.
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