The products can be paired as substitute products is Internet radio and traditional radio
Because both the products provide the same benefit and result. Both provide audio output.
<h3>What is a Substitute?</h3>
The substitute products are the products that can be replaced for each other providing the same benefit and result.
Few examples of the substitute products are as follows
- Books and E-books
- Butter and margarine
- Eye glasses and contact lenses
- Flip flops and sandals
- Salmon and Tuna
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In the world share market investors could sell their shares.
Answer:
a.
DR Cash .....................................................................$9,003.31
DR Cash Over and Short.........................................$66.99
CR Sales revenue........................................................................$9,070.30
Working
Cash = 9,070.30 - 66.99 = $9,003.31
b.
DR Cash .....................................................................$9,107.67
CR Sales revenue........................................................................$9,070.30
CR Cash Over and Short.............................................................$37.37
Working
Cash = 9,070.30 + 37.37 = $9,107.67
Answer: No
Explanation: Unless it is invested in short-term securities, there will be no interest income for cash in any financial statement.
Answer:
Overstatement of Assets and liabilities.
Explanation:
Collection of cash results in journal entry of debiting cash with corresponding credit to accounts receivable thus reducing the accounts receivable.
Erroneous credit to accounts payable instead of accounts receivable results in overstatement of assets and liabilities.
