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2 years ago

From the following list, identify those that are likely to serve as source documents.

Business

1 answer:

Flura [38]2 years ago

6 0

Answer:

Telephone bill

Sales ticket

Invoice from supplier

Bank statement

Prepaid insurance

Explanation:

Source documents in accounting are defined as the original record of a transaction that contains transaction details and provides evidence that a transaction occurred.

It is source of information entered into the accounting system. They can be printed on paper or electronic in nature.

From the given list the following are source documents: Telephone bill, Sales ticket, Invoice from supplier, Bank statement, Prepaid insurance.

They are sources from which transaction information can be obtained for entry into the accounting system

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For the doctrine of promissory estoppel to apply, which of the following is NOT a required element? A. the promisor should hav

erik [133]

Answer:

C) there was an offer, acceptance, and consideration

Explanation:

The doctrine of promissory estoppel requires that the following 5 elements must exist:

The parties must anticipate that some type of legal relationship will exist between them.
One party must have made a promise to another party.
One party must rely on the promise made by the other party.
The party that relied on the promise made by the other party must suffer a detriment if the promise is not fulfilled.
Unconscionability , in other words, there is nothing that forbids the party from performing the promise.

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3 years ago

Q 5.34: A wholesaler offers credit terms 1/10, n/30. A fabric store bought goods worth $6,500 from the wholesaler. Within the di

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Answer:

the wholesaler received $6,138 as payment.

Explanation:

The seller would receive the the amount owing to customer less the return credit and cash discount of 1 %.

The calculation of this amount is as follows :

Account Receivable $6,500

Less Return Credit ($300)

$6,200

Less Cash discount ($6,200 × 1%) ($62)

Payment $6,138

Conclusion :

the wholesaler received $6,138 as payment.

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3 years ago

A company has determined that changes in price will not dramatically impact the number of sales they are able to make. What shou

tester [92]

Answer:

Sell at a somewhat higher price since customers will still purchase even at a higher price ( D )

Explanation:

The type of goods and services that changes in prices doesn't r affect the quantity/demand bought by the consumers are usually staple goods which are a necessity and not a want but a serious need. A company if after much research discovers that the demand for a particular product is unwavering( fixed ) they can increase the prices in order to maximize profits form the little amount of goods been produced/sold in the open market. while in other hand if the demand for a particular product is not stable any change in price can significantly affect the demand for the good or service leading to a loss for the company.

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3 years ago

If labor productivity growth slows down in a country, this means that the growth rate in ________ has declined.

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A decline in the growth rate of labor productivity means that the growth rate in the number of goods or services that can be produced by 1 hour of work has declined.

<h3>What is the labor productivity growth?</h3>

This is used to refer to the growth in the output. This is measured by increase in workers productivity per hour.

It is what causes them to produce more than they would given the number of work hours available.