Answer:
Please refer to the attached
Explanation:
Please refer to the attached.
Note that in trial balance Debit side must always be equal to debit side
If an offeree dispatches both an acceptance and a rejection to an offer
(d) WHICHEVER RESPONSE REACHES THE OFFEROR FIRST WILL DETERMINE WHETHER A CONTRACT IS CREATED.
In such case, if the acceptance reaches the offeror first then a contract can be created. Thus, it totally depends on what reaches the offeror first. Any offer made by head of an organization can be accepted or rejected and there are business laws for this.
Answer:. 1.cyclically balanced budget
2. annually balanced budget
3. functional finance
4. annually balanced budget
5. functional finance
Explanation:
policymakers should reduce spending and increase taxes when the economy is growing in order to prevent "overheating" ----Cyclically balanced budget
2. this approach was considered conventional wisdom until the advent of the great depression---Annually balanced budget
3. Policymakers should focus on keeping unemployment low and providing the people with the public goods and services they want.-----Functional finance
4. if insisted upon, would only worsen the economy during a recession--Annually balanced budget
5. ignores the impact of the budget on the business cycle.----functional finance
Answer:
The answer is: 44 days
Explanation:
First we have to calculate accounts receivable turnover for Gervais Manufacturing:
= $500,000 / [($80,000 + $40,000) / 2] = $500,000 / $60,000 = 8.33 times
Then to calculate the average collection period for accounts receivable we:
= 365 days / 8.33 = 43.8 days ≈ 44 days