A. Vending Machine is a nonstore retailer
Answer:
The answer is low
Explanation:
Liquidity or Solvency is the ability of a business to pay its debt(both in short term and long term).
In the question, Coleman Luggage has a liability of 879,000 and the total current assets(which can be used to offset the liability) are cash balance of $175,000 + inventories of $220,000 + Other short-term assets of $85,000 = $480,000.
To know its solvency (net working capital) = Asset - liability
$480,000-870,000
= -$390,000.
Coleman Luggage has a low solvency because his asset cannot cover all his liabilities. His asset is less than his liabilities
In a purchases journal, the total of the <u>Office Supplies DR</u> column is not posted to the general ledger.
Office supplies cost is the amount of administrative materials charged to price in a reporting time period. Those items are charged to expense while used; or, if the value of supplies is immaterial, it's far charged to expense whilst the cost is initially incurred.
Office expenses, like workplace elements, are usually recorded as a fee in preference to an asset. Office prices are often intangible and consist of things including janitorial offerings, software subscriptions, office renovation, or even website maintenance.
A journal entry is an act of retaining or making facts of any transactions both financial or non-economic. Transactions are indexed in an accounting journal that indicates a corporation's debit and credit score balances. The journal entry can include numerous recordings, each of that's either a debit or a credit.
Learn more about journal entries here brainly.com/question/14279491
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This means that you should wait a particular amount of time until your tax return will be processed. It could be 1 hour or 4-5 days. It happens when your tax return is being processed in manual mode. Or it could be a glitch in a software they use. In that case you should ask them to process your tax return manually.
Answer:
Human factors is involved in basic technology, but in Advanced technology system, human factor is not present, once the system cannot access the customer's credit history, that would be he final decision, and it cannot be changed again by others.
Explanation:
Solution
- In basic technology, the credit check relies more on the organization, and it's relationship with its customers, Customer's credit history acts as the base for producing credit decision and it's association with the organization is not relevant to the system.
- In basic technology system. some human factor plays a role to it. but in advanced technology, human factor is not there and if system refuses credit based on customer's credit history then that would be the final decision and cannot be revoked or modified by another clerk.
- In basic technology, credit check is carried out by the Credit department which work with instruction of company's credit policies, but in advanced technology system, the System Logic carries out the decision making