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Whitepunk [10]
3 years ago
8

Credits to customer accounts and credits to other accounts are individually posted from a cash receipts journal such as the one

in Exhibit 7.7. Why not put both types of credits in the same column and save journal space?

Business
1 answer:
Nadusha1986 [10]3 years ago
4 0

Answer:

Please see attachment

Explanation:

Please see attachment

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The new international division of labor reflects the growing importance of
Ivahew [28]

Answer:

A) Outsourcing

Explanation:

Outsourcing is sourcing labor and talent internationally rather than domestically.

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Which professional’s advice is Peter seeking? Peter wants to buy office space for his new business. However, he is not sure if t
Igoryamba
Peter is consulting someone who sells commercial real estate. Peter wants to make sure he's in a good place business wise and that it is the best time before he makes the purchase for a new building. By consulting the agent, he can get a better understanding of when the right time to purchase will be. 
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The Wilson Company purchased $35,000 of merchandise from the Poole Wholesale Company. Wilson also paid $2,800 for freight costs
Olin [163]

Answer:

Option A, total debits to the inventory account would be $37,800, is correct

Explanation:

The cost of the merchandise inventory to Wilson Company is the cost of the inventory purchased and the freight-in cost.

In other words, the amount to be recognized in merchandise inventory account is the sum of both amounts i.e $35,000+$2800=$37,800

This would be debited to merchandise inventory and $2,800 would be credited to the cash account while $35,000 is credited to accounts payable

4 0
3 years ago
In businesses, ________ include the president and other top executives, such as the chief executive officer, chief financial off
CaHeK987 [17]

Answer:

The correct answer is letter "B": Top Managers.

Explanation:

Top Managers are the executives of every firm responsible for the decision-making of the operations of the corporation. They are the head of each department in the corporate structure that includes the <em>Chief Executive Officer (CEO), Chief Operations Officer (COO), Chief Information Officer (CIO), and Chief Marketing Officer (CMO)</em> to mention a few. These are also referred to as "C-level positions".

8 0
3 years ago
Which of these best fits the definition of interest, as it applies to finance? a. interest is the money earned by investing. b.
ladessa [460]

The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).

<h3>What is Finance?</h3>

Finance refers to the money or the funds required by the company to undertake the business projects. Here, finance is the separate field of the study taught to the management students.

Interest refers to the amount charged to the borrower to the lender on the loan facility provided to them. Every lender charges the rate of the interest according to his will.

Bank also charge the rate of the interest on the loan provided to the customer. Therefore the correct option is (B).

Learn more about Finance here:

brainly.com/question/12459778

#SPJ1

6 0
2 years ago
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