You should report the vendor for fraud and your boss for association with the vendor.
The journal entry to record the given sale of $200 on credit would include a debit to the bill receivables account.
<h3>What is a journal entry?</h3>
A systematic and chronological record of financial transactions that take place in a business organization during a given period is known as a journal entry.
Hence, the significance of journal entry is given.
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Answer:
The answer is 'The price of the bond will increase'
Explanation:
Bond and its price are indirectly related i.e If one goes up, the other goes down. What this means is that, if the yield of the bond is lower than coupon rate(coupon rate greater than bond yield), the price of the bond will increase. And also if the yield of the bond is higher than coupon rate(coupon rate lower than bond yield), the price of the bond will decrease.
The decline in the value of the asset turnover ratio indicates an unfavorable trend in using assets to generate sales.
<h3>What is the asset turnover ratio?</h3>
The asset turnover ratio is a financial ratio known as the activity ratio. It measures the efficiency with which a firm carries out its operations. The higher the asset turnover ratio , the more efficient the firm is and the lower the ratio, the less efficient the firm is.
The asset turnover ratio = revenge / average total ratio
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