Answer:
a. Advertising costs relative to the number of customers for a particular restaurant. [Fixed]
b. Rental costs relative to the number of restaurants. [Variable]
c. Cooks salaries at a particular location relative to the number of customers. [Fixed]
d. Cost of supplies (cups, plates, spoons, etc.) relative to the number of customers. [Variable]
e. Manager's compensation relative to the number of customers. [Mixed]
f. Servers' salaries relative to the number of restaurants. [Variable]
Explanation:
Answer:
<u>Oct 1</u>
Dr Accounts receivable 70,000
Cr Bed debts expense 70,000
(Accounts receivable is an asset and when it increases, they are debited. When expenses increase, they are credited.)
<u>Oct 30</u>
Dr Cash 70,000
Cr Accounts receivable 70,000
(Cash is an asset and when it increases, it is debited. Accounts receivable is an asset and when it decreases, they are credited)
Answer:
sorry I don't have one! T~T
Explanation:
Answer:
the days payable outstanding is 91.25 days
Explanation:
The computation of the days payable outstanding is shown below:
Days' payable outstanding is
= (Accounts Payable ÷ Cost of goods sold) × total number of days in a year
= ($25,000 ÷ $100,00) × 365 days
= 91.25 days
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Hence, the days payable outstanding is 91.25 days
<span>When a company is using double-entry accounting, the elements of a given ledger that must be equal are the debit and the credit. They should reflect the balance of the books. There should be an equal amount in the debit column and in the credit column.</span>
