Answer:
B
Explanation:
Internal conformance in business can be defined as a instruction mostly given to new employee to comply with the laid down standard of an organization.
Employees are asked to familiarize themselves with existing rules and regulations in order to be able to adopt them easily in the course of operation.
This is necessary as various organizations and industries have their standards and regulations.
If a buyer were to return or take an allowance on merchandise, they must issue a debit memorandum. They do this to let the seller know there was a debt made to their accounts payable in their records. This limits the liability they have for being audited for incorrect placement of debt.
Answer:
Tropical Tours would report cash collected from customers of $403,000
Explanation:
The movement in the account receivables balance between the start and end of a given period is as a result of additional sales, payments/settlement received and debts written off.
This may be expressed as
Opening balance + sales - payments - write off = closing balance
This equation is applicable in determining the cash received to be reported in the cash flow statements through the direct method.
Hence using the equation,
$35,000 + $400,000 - payments = $32,000
Payments = $403,000
Answer: <em><u>A statement of opinion </u></em>is the warranty that was associated with this contract.
Here, it is important to ponder upon the fact that <em><u>Sam decided to buy the painting for $15,000 on the condition that if he found that the painting was worth less than $15,000, Jasper would have to take the painting back and refund Sam. </u></em>
This indeed makes Sam's purchase validated with a warranty that is known as a statement of opinion. Although , it should be duly noted that the opinion does not make significant impact on the purchase.
Answer:
an improvement in the education level of the work force of a nation
Explanation:
The production possibility curve is a curve that shows the various quantities of two goods an economy can produce at a given level of technology and amount of labour force.
Factors that leads to an outward shift of the production possibility curve;
1. Increase in labour force
2. Increase in education level of the Labour force
3. Technological advancement
Shifting resources from the production of one good to the production of another leads to a movement along the production possibility curve.
I hope my answer helps you