<span>It helps the business identify strengths and weaknesses. It helps to capitalize on the weaknesses and turn them into strengths. It also allows for the business to do the same with its strengths. It helps the business address and focus on goals for the future. It helps the business identify and stop threats. Finally, it allows the business identify and capitalize on the opportunities available to them.</span>
If you are getting paid bi weekly it means you get paid every other week, so it depends on how long you have the job.
The amount received as payment in full on June 23 is $686
Explanation:
Given ,
Credit sale of $750
Terms 2/10, net/30
$50 is granted on June 16
= (750-50)x 0.98
= 700 x 0.98
= 686
The payment is reported as a repayment to the accounts receivable. Make an equivalent debit to the bank account to accept the earned money as a payment
Answer: Option B
Explanation: In simple words, current liabilities refers to the obligations and promises that an entity has to pay within a year. These liabilities usually arise due to the need of an organisation to fulfill their short term requirements to operate the business efficiently.
These liabilities are of critical in nature as they directly affects the liquidity of the business. In the given case, sales tax payable is the only obligation that must be fulfilled with a year. Hence it is a current liability.
