Monarchy, and downfall. Peoples voice over the official boards. There would be a better market in a way, but it would also be more cut, and strict.
Answer:
False
Explanation:
The provision of the Uniform Commercial Code as amended is that any missing terms such as price, quantity,location and expected time of delivery as well as payment terms can be added to the contract later on with consent of all parties involved or provided in compliance with other commercial codes.
In other words,the fact that payment should be made within seven working days when payment terms are missing is alien to Uniform Commercial Code.
The answer, therefore is false.
Answer: 30 days
Explanation: Cash cycle refers to the amount of time it takes for a business from paying cash to its suppliers for raw materials and receiving cash from its customers fro the sales made.
Hence from the above we can say that :-
decrease in inventory will decrease the cycle.
Decrease in receivables will decrease the cycle.
decrease in payables will increase the cycle.
Thus,
cash cycle = 31 days - 2 days + 4 days - 3 days
= 30 days
Answer:
b. $72,000
Explanation:
Retained EarningEnding Balance = Opening Balance of retained earning + net income - Dividend Declared
Retained EarningEnding Balance = $44,000 + $48,000 - $20,000
Retained EarningEnding Balance = $44,000 + $48,000 - $20,000
Retained EarningEnding Balance = $72,000
The issue of common stock will not effect retained earning account balance It will be credited to common stock account and add-in-capital common stock account.
