<span>In this case the total of debit column is more than that of credit column. It can be because of two situations. One situation is that the expenses are recorded twice or more in the books in the account due to which the debit side is coming more than the credit side. Or other way around, the income has been recorded less than what needs to be actually recorded.Hence there is an accounting error committed in this scenario.</span>
As DVDs become popular as a substitute for the video cassettes, we will be expecting that the demand for the video cassettes will likely to "decrease". People found out and observed that DVDs has a better performance and can produce a good quality of sound. The prices of the two almost the same but the quality are different.
Answer: 12.5 times
Explanation:
The accounts receivable turnover tells you how effective your company's collection mechanism is.
Accounts Receivable turnover = net credit sales/accounts receivables
= 8500000/600000+760000 = 12.5 times.
Answer:
Collective bargaining
Explanation:
Collective bargaining is the process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay, benefits, hours, leave, job health and safety policies, ways to balance work and family, and more.
Answer:
$555
Explanation:
The computation of the interest revenue is shown below:
= Account receivable × rate of interest × number of months ÷ (total number of months in a year)
= $22,200 × 10% × (3 months ÷ 12 months)
= $2,220 × (3 months ÷ 12 months)
= $555
The three month is calculated from October 1 to December 31. The six month period of note is ignored
