Dictionary: Often a book listing the spellings and Definitions of words.
Answer:
Option D. Its presence lengthens both a firm's average collection period and its average payment period
Explanation:
The increase in the float, increases the investment in the working capital so the Option A is incorrect
The reason is that it is the time period from the time the cash was deposited in the company's account to the time its was credited due to the payment to the vendors. If the floating time is increased then the collection period and payment period are increased which is the option D and is totally opposite to option B and C.
Answer:
The journal entries are shown below:
Explanation:
The journal entries are shown below:
On July 15
Purchases (2,100 × $40) $84,000
To Accounts Payable $84,000
(Being the purchase is recorded)
On July 23
Account payable $84,000
To Purchase discount $2,520 ($84,000 × 3%)
To Cash $81,480
(Being the payment is recorded)
On August 15
Account payable $84,000
To cash $84,000
(Being the payment is recorded)
Answer Choice: A. because if you subtract all those numbers and divide em by the form factor it all equals out to A) $5,285.
Answer:
Depreciation - Income statement
Cost of goods sold - Income statement
Fixed assets - Balance Sheet
Inventory - Balance Sheet
Accumulated depreciation - Balance Sheet
Retained earnings - Balance Sheet
Taxes - Income statement
Sales - Income statement
Cash - Balance Sheet
Accounts payable - Balance Sheet
Explanation:
Depreciation - Income statement
Cost of goods sold - Income statement
Fixed assets - Balance Sheet
Inventory - Balance Sheet
Accumulated depreciation - Balance Sheet
Retained earnings - Balance Sheet
Taxes - Income statement
Sales - Income statement
Cash - Balance Sheet
Accounts payable - Balance Sheet
