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igomit [66]
3 years ago
7

When journalizing a transaction, a short explanation may be written A : on the line following each journal entry. B : at the bot

tom of the ledger. C : on the line preceding each journal entry. D : to separate the debit and credit entries.
Business
1 answer:
larisa [96]3 years ago
4 0

Answer:

The correct answer is letter "A": on the line following each journal entry.

Explanation:

<em>Brief descriptions</em> can be added after each entry of the journal whenever necessary. The note must be included in the next line of the entry that might need extra explanation or clarification. <em>Accuracy </em>is relevant for accounting purposes since companies tend to be audited and they must demonstrate their transactions are transparent.

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Which of the following factors is unique to B2B buying and is not typically found in B2C buying?
Arisa [49]

Answer:

There are limited number of large buyers, often geographically

Explanation:

3 0
3 years ago
Abarrier along the open sides of stairways and platforms that prevent falling is
kotykmax [81]
Stair rails is a barrier along the open sides of stairways and platforms that prevent falling is
4 0
3 years ago
Cinnamon Corp. started business in 2007, uses a periodic inventory system and uses the weighted average cost method. During 2007
Nesterboy [21]

Answer:

€4,883,000

Explanation:

The computation of cost of sales is shown below:-

Inventory = 35,000 ÷ €12

= 2,917 units

Weighted average cost of inventory

= (2,917 × €12) + (35,000 × €14)

=  €35,004 + €490,000

= €525,004

So weighted average cost = €525,004 ÷ €40,833.33

= €12.85

So, cost of sales = weighted average cost × sold units

= €12.85 × 38,000

= €4,883,000

3 0
4 years ago
Baker Corp. is required by a debt agreement to maintain a current ratio of at least​ 2.5, and​ Baker's current ratio now is 3. B
Orlov [11]

Answer:

$1.67 Million

Explanation:

Current asset = 15 Million    

Current liabiltiy = 15 Million/3

                          = 5 Million    

Let the inventory X can be purchased with short term debt without violation

per current ratio requirement    

(15 + x)/5+x = 2.5    

       15 + x  = 12.5 + 2.5x    

            2.5 = 1.5x    

               x = $1.67 Million

Therefore, $1.67 Million inventory can Baker purchase without violating its debt agreement if their total current assets equal​ $15 million

7 0
4 years ago
Gina is working as a marketing trainee for a streaming video company. Her boss called a meeting for next week with one thing on
SCORPION-xisa [38]

Answer:

"C"

Explanation:

A customer - driven environment is an organisation where customer needs are identified and all efforts are in place to ensure that these needs are met to the maximum satisfaction of the customer.

Quality and pricing are key components of this system as a customer will be attracted if he is sure of the quality of a need at a reasonable price. It does not mean it should be the cheapest and lack quality.

It has been proven to be a good way of gaining competitive edge over rivals in business.

8 0
4 years ago
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