<span>A.) Jessica is low risk and will pay her outstanding balances on time.</span>
Answer:
.d. uses a perpetual inventory system.
Explanation:
The company determiantes the cost of good sold and therefore; their invneotry balance after each purchase, return, allowance, discount or freight are perform. It doesn't use in-between account like freight-in purchase discount, purchase returns and others. It determinates the inventory each time the account is used in a transactions rather than a year-end adjustment with the net purchases
Answer: Financial Statements.
Explanation:
Financial Statements are accounting details of the financial activities of a business establishment, showing how the business has performed during a given period.
The financial statements are of three types, we have the: income/ profit and loss statement, balance sheet and the cash flow statement.
Answer: The correct answer is "D. All of these.".
Explanation: All statements are evidence that indicates the existence of good strategic leadership.
If the company has a strong strategy and a good business model as a result, it will meet its objectives.
If a previously proposed strategy is being fully implemented, it shows that there is good strategic leadership.
Answer:
a. $7, 283 net income
Explanation:
The debits in an income statement represents the expenses while the credit entries represent the income. As such, given;
Total debits = $20,303
Total credits = $27,586
Net income/(loss) = $27,586 - $20,303
= $7,283
Since the total credit (income) is more than the total debit, the net of the two balances result in a net income.
The answer is a. $7, 283 net income.
