Accounts payable - <u>Accurately tracking what's owed to suppliers, ensuring payments are properly approved and processing </u><u>payments</u><u>.</u>
<u>
</u>
Accounts receivable - <u>The balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.</u>
Answer:
D) The normal balance of an expense account is a credit.
Explanation:
We know that
The debit sections report assets and expenses side while sales, stockholder equity, and the liability side are reported in the credit section.
So as per the given options, the incorrect answer is D as expense account has a debit balance but the question it is given that the expense account has a credit balance that is totally wrong.
Answer:
The correct answers are letters "A", "B", and "C".
Explanation:
Corporate bonds are securities that firm issues to be sold to investors to raise funds that will be using to keep the company up and running. Investors profit from the interest rate dealt in the bond agreement or sometimes they obtain physical assets of the organization as collateral. If in the <em>secondary market bonds</em> are issued at a premium, the premium can be amortized or applied to the bond base but if the bonds were issued at a discount, <em>discount bond rules</em> take into place. The <em>interest payment received</em> thanks to the bonds are recorded in the gross income.
Answer:
Increase; increase.
Explanation:
Inflation can be defined as the persistent rise in the price of goods and services in an economy.
A low home inflation rate relative to other countries would increase the home country's current account balance, other things being equal. Low growth in the home income level relative to other countries would increase the home country's current account balance, other things being equal. A country's current account balance is a statement of the value of its exports and imports of goods and services at a specific period of time.
<em>Hence, when the level of inflation is low in a particular country; their current account balance would be high. However, when the level of inflation is high it results in low growth and as such increases the home country's current account balance, other things being equal. </em>
Answer:
Batch Level
Explanation:
Batch level activity is the cost incurred that is related to the production of a certain batch of a product. It is usually associated with the cost incurred in the production of a group of units which cannot be traceable to individual units within a batch.
For instance, the incurred cost for setting up a machine to produce a batch of 10,000 units of an item is referred to as batch level cost. The cost can only be allocated to the 10,000 units produced per batch, not just one unit in the batch. In addition to machine setups, other cost drivers are inspection, purchase orders, direct labor hour, quality tests etc.
