Answer:
c. Correct billing problems without being prompted by the customer.
Explanation:
If a salesperson notices a billing error in an order, he or she should <u>correct billing problems without being prompted by the customer.</u> A Salesperson should act there after the notice and fix the billing problems for the customer as it may result in confusion later.
True, When establishing general ledger accounts opening balances will always be zero. A ledger is a full record of all transactions over the lifetime of a company. When the company is first starting out, there is a zero balance because transactions have not been put on the ledger yet. The longer the company is in business, the more transactions there will be on the ledger.
Answer:
LEASE LIABILITY: 1,121,136
Explanation:
the lease liaibility will be the present value of an annuity-due (payment at beginning of the period)
C 134,000
time 15
rate 0.1
PV $1,121,136
The lease laibility will be for 1,121,136
interst expense will be recognize over time against the lease liability and the payment decrease the liability. at the end of the agreement the lease liaiblity will be zero as there are no pending payment.
Answer:
1. At August 31, Roddick owed his employees $1,900 in wages that will be paid on September 1.
Dr Wages expense 1,900
Cr Wages payable 1,900
2. At the end of the month, he had not yet received the month’s utility bill. Based on past experience, he estimated the bill would be approximately $600.
No journal entry necessary, you cannot make records based on approximate expenses. You should make the adjusting entry after the bill is received, not before.
3. On August 1, Roddick borrowed $30,000 from a local bank on a 15-year mortgage. The annual interest rate is 8%.
Dr Interest expense 200
Cr Interest payable 200
4. A telephone bill in the amount of $117 covering August charges is unpaid at August 31.
Dr Telephone expense 117
Cr Telephone payable 117
Answer:
Physical Barrier
Explanation:
Physical barriers to communication can be defined as an environmental and natural condition that acts as a barrier for both the sender and receiver in sending and receiving respectively. It can be because of the organizational environment and also due to design problems in the work space. Noise and technological problems are also considered to be a technological barrier. In Debbie's case, the noise due to the equipment is acting as a physical barrier.
