Answer:
1. Cash payments for merchandise is $446,030
2.Cash payment for operating expense is $77,870
Explanation:
1. In order to calculate the Cash payments for Merchandise we would have to use the following formula:
Cash payments for Merchandise= cost of goods sold +decrease in accounts payable-decrease in inventory
Cash payments for Merchandise=$448,500+$4,290-$6,760
Cash payment for Merchandise=$446,030
2. In order to calculate the Cash payments for operating expenses we would have to use the following formula:
Cash payment for operating expense=operating expense - decrease in prepaid expense +decrease in Accured
Cash payment for operating expense=$78,000 -$650+$520
Cash payment for operating expense=$77,870
Answer:
Answer d
Explanation:
Maitre d is a person at a restaurant that welcomes guests and shows them their seats. He makes sure everything runs swiftly and is often referred as the Head Waiter, as he is also in charge of all other services in the restaurant and monitors the work of other staff, like the waiters. Event planner on the other hand is a career within recreations, amusement and attractions sector.
Answer: debit Rent Expense, $2,000; credit Prepaid Rent, $2,000---D
Explanation:
Balance in Prepaid rent account = $10,000
Rent expense = $10,000/5 months = $2,000
Adjusting journal entry To record the expiration of rent for December month
Date Accounts Titles and Explanations Debit Credit
Dec. 31 Rent Expense ($10,000/5 months) $2,000
Prepaid Rent $2,000
debit Rent Expense, $2,000; credit Prepaid Rent, $2,000---D
Answer:
Norms
Explanation:
A norm is something that is usually done or has become a standard.
In the case of the employees, work is expected to be completed and the staff should have exited the premises by 6pm. Since this is done everyday, it is a norm.
It can be further said to be something that has become normal.
Just like in the question, submission of team outings, reports and attendance have also become a normal thing in the company, every month.
Cheers.
Answer:
A mutual forbearance
Explanation:
Rivals in mutual forbearance become more interconnected and familiar with each other, and will make less competitive movements due to their competitors ' opportunities for cross-market retaliation.
