Answer: E) Cash
Explanation:
The Supplier should be most concerned with the Cash Ratio when granting credit. The Cash Ratio measures the amount of Cash in addition to the amount of Cash equivalent assets that the company has against it's current Liabilities in other to see if the company can be able to pay off it's Current Liabilities with it's current Cash and Cash Equivalents.
The Supplier will therefore be concerned with this ratio to see if the company is indeed able to pay back within 10 days before they can be able to grant credit.
Leslee is a loan processor who is not required to perform her duties at the direction of or subject to the supervision. Leslee is an independent contractor.
An independent contractor is a self-employed person who is contracted in order to perform work for or provide services to another entity as a non-employee. Thus, independent contractors are not employees, nor are they eligible for employee benefits.
Here, as Leslee is a loan processor, so she is not required to perform her duties at the direction of or subject to the supervision and instruction of an individual who is licensed. As she is an independent contractor.
Hence, companies may also hire an independent contractor to do a job.
To learn more about independent contractor here:
brainly.com/question/20165285
#SPJ4
Answer: E. 18,000
Explanation:
Wesley Corporation has 80,000 shares of common stock authorized. This the total amount of common stock that is available for sale by the company.
Only 50,000 shares of common stock were issued and 12,000 shares of common stock as held as treasury stock.
Then the total number of outstanding shares of Wesley Corporation amounts to 80,000 - 50,000 - 12,000 = 18,000
Answer:
$5625.60
Explanation:
number of units produced =50 units
direct labour hours 100
direct materials $ 680
Direct labor cost $ 7,000
The unit product cost for Job P951 is;
Direct materials = $ 680
Direct labor cost $ 7,000
variable manufacturing overheads $ 6.00*100=600
total fixed manufacturing overheads= $ 273,000
total costs=$(680+7000+600+273000)=$281,280
unit product cost=$28,1280/50
=$5625.60
Answer:
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The journal entries are shown below:
a. No journal entry required
b. Miscellaneous expense A/c Dr $16
To Cash A/c $16
(Being service charges is paid)
c. Cash A/c Dr $9 ($476 - $467)
To Utilities expense A/c $9
(Being correction is recorded)
d. No journal entry required
The preparation of the bank reconciliation statement is presented in the spreadsheet. Kindly find the attachment below: