His investment goods sales tax less than profit
Answer:
C) Drawer
Explanation:
A drawer is an individual or institution that issues and signs a bill of exchange instructing a bank or drawee to pay the specified amount to the payee. The drawer is the person who writes and signs a cheque to a third party or payee. In a situation where the cheque is to pay oneself, the drawer is the same as the payee.
Rover and Associates is the drawer. The law firm issues the cheques instructing Portris Bank to pay the office manager the amount stated in the cheque. The office manager is an employee of Rover and Associates. The cheque may be written to Rover and Associates. If that is the case, Rover and Associates is first the drawer and the then the payee. Portis bank is the drawee.
Answer:
100% tell her. But be prepared, she may call you a liar. So if you could find hard proof, do that first.
Answer:
57 days
Explanation:
The computation of the cash conversion cycle is shown below:
The cash conversion cycle = Days inventory outstanding + days sale outstanding - days payable outstanding
= 54 days + 34 days - 31 days
= 57 days
Hence, the cash conversion cycle is 57 days
We simply added the days' sales in inventory and days sales' outstanding and deduct the days payable outstanding so that the cash conversion cycle could come
Answer:
D. Salaries and Wages Expense 530
Advertising Expense 910
Cash 1440
Explanation:
Salaries and wages expense, and advertising expense, are expenses, therefore, when they increase, they are debited.
Cash is an asset account, when it decreases, as in this case, it is debited.
The entry would be:
Account Debit Credit
Salaries and Wages Expense 530
Advertising expense 910
Cash 1440
