Answer:
Debit Office Furniture account $710
Credit Cash account $170
Credit Accounts payable $710
Being entries to recognize office furniture partly paid for.
Explanation:
When items are purchased using cash, the corresponding credits in such transactions are recorded in the cash account. Where the item is purchased on account (or credit), the credit is posted to accounts payable.
Total worth of the office furniture = $170 + $540 = $710
The total debit for this will be recorded in the office furniture account.
Hence to recognize the transaction,
Debit Office Furniture account $710
Credit Cash account $170
Credit Accounts payable $710
Being entries to recognize office furniture partly paid for.
Answer:
They can be their own boss.
Answer: c. Grave first
Explanation:
In dissolving a limited partnership business all creditors are paid first.
Answer:A merger
Explanation:
This is coming of two companies to form a new firm with both companies losing their indentity .
Answer:
Sales Quota is the amount of sales that an individual sales person or group of sales people is expected to make within a specific amount of time.
Explanation:
Sales Quotas are the goals of the sales team that they are expected to achieve in a given period of time. It can be monthly, quarterly, or yearly. Sales Quota can be based on one person or can be set for a team or a group.
This helps an organization to achieve sales and revenue targets. Managers are able to learn about the productivity of the team and their success rate with the help of Sales quota. Sales quota also motivate the team to do better and achieve the goals.