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just olya [345]
3 years ago
7

When a QuickBooks Online user wants to automatically apply a credit memo transaction to a customer invoice, the Automatically Ap

ply Credits checkbox must be turned on in which area?
Business
1 answer:
aivan3 [116]3 years ago
7 0

Answer: Receive payment section of the invoice

Explanation: Applying a credit memo on an invoice can be done through the receive payment section of the software. Before a credit memo is applied, an invoice would have been issued and it is either a payment is received in cash or check or a credit memo is issued to the customer on that particular invoice.

To apply the credit memo on any invoice, the receive payment option is clicked, then the credit memo is applied on the invoice applicable to remove the outstanding debt on that particular invoice.

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Select the correct answer.
riadik2000 [5.3K]

According to the research, Joana is demonstrating responsibility for delivering a last-minute presentation on behalf of her team.

<h3>What is responsibility?</h3>

It is the quality of that individual who fulfills his obligations and assumes the consequences of his acts.

Through it, individuals make decisions consciously and take responsibility for the consequences that may arise from them, in addition, it implies the commitment to fulfill agreements and obligations.

Therefore, we can conclude that according to the research, Joana is demonstrating responsibility for delivering a last-minute presentation on behalf of her team.

Learn more about responsibility here: brainly.com/question/12656357

#SPJ1

7 0
1 year ago
Which of the following is true concerning cost drivers for the predetermined overhead rate in a process-costing system?
Georgia [21]

Answer and Explanation:

c. If direct labor cost is the cost driver, direct labor and manufacturing overhead may be combined into the single element of conversion cost.

5 0
3 years ago
Builtrite had sales of $700,000 and cogs of $280,000. in addition, operating expenses were calculated at 25% of sales. builtrite
Leni [432]

This is the presentation of the income statement of Builtrite in order to compute the net income:

Sales                                                                                   $700,000

Less: COGS                                                                        $280,000

Gross Profit                                                                         $420,000

Less: Operating expenses ($700,000 x 25%)    $175,000

          Dividends expense                                   $25,000

          Capital loss                                               $70,000    $270,000

Total                                                                                     $150,000

Add: Dividend income                                         $40,000

          Capital gain                                               $55,000    $95,000

Net income                                                                           $245,000

3 0
3 years ago
Moss County Bank agrees to lend the Sandhill Co. $455000 on January 1. Sandhill Co. signs a $455000, 6%, 9-month note. What is t
tigry1 [53]

Answer and Explanation:

The adjusting entry is as follows

Interest Expense ($455,000 × 6% × 6 months ÷ 12 months) $13,650

         To Interest payable

(Being interest expense is recorded)

here the interest expense is debited as it increased the expenses and credited the interest payable as it also increased the liabilities

The six months is calculated from Jan 1 to June 30

7 0
3 years ago
During the taking of its physical inventory on August 31, 2019, Kate Interiors Company incorrectly counted its inventory as $366
soldier1979 [14.2K]

Answer:

Balance sheet

Inventory - Understatement by $11,600

Owners equity - Understatement by $11,600

Income statement

Cost of goods sold - Overstatement by $11,600

Net income - Understatement by $11,600

Explanation:

The movement in an inventory account which is the difference between the opening and ending balances is a function of the purchases and the sales during the period.

This is captured in the equation below

Opening balance + purchases - cost of goods sold = ending balance

Hence an understatement of the ending balance would result in an overstatement of the cost of goods sold thus an understatement of the net income (and owner's equity).

The understatement in closing inventory balance is

= $378,500 - $366,900

= $11,600.

3 0
3 years ago
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