Answer:
d. Failure to achieve this goal may result the cash account being too high
Explanation:
The B/AR/CR process is part of a revenue cycle, it is regarded as a process in accounting with a structure that interacts with various process that supports how financial managers makes decision. It is a structure of how people activities, equipments and controls helps in creating the free flow of records that supports repetitive routines.
Answer:
Here, selling price is $32 and the cost of treasury stock is $30, Hence selling price is higher than cost.
Following Journal Entries are to be passed:
(a) Treasury Stock (4,000 shares × $30) A/c Dr. $120,000
To Cash A/c $120,000
(b) Cash (900 Shares × Selling Price $32) A/c Dr. $28,800
To Treasury Stock (900 shares × Cost 30) $27,000
To Paid in Capital from Treasury Stock (Difference) $1,800
Answer:
they provide additional information about the visual
The equilibrium level of consumption is $28500.
The equilibrium level of consumption is at the point where the disposable income is equal to the consumption.
If this was properly placed in a tabular form, we would clearly see that when the disposable income was at $28500, the consumption in dollars was also at the same price level.
Given this condition, we can conclude in economics that consumption is at its level of equilibrium.
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It is because you always have to pay it. The federal income tax is what the govt charge to take care of United States. It will never go away, you will always have to pay it. That is why it is called a progressive tax.
