Why does the term debit not always mean increase and credit does not always mean increase.

Many politicians have degrees in business or law. true or false?

Lauren runs a chili restaurant in San Francisco. Her total revenue last year was $110,000. The rent on her restaurant was $48,000, her labor costs were $42,000, and her materials, food and other variable costs were $20,000.

Bob keeps showing up to work late. What constructive criticism would be appropriate for Bob? Get yourself to work on time, or you will be fired. You do great work! Don't let punctuality get in the way of being recognized for your efforts.

Suppose a seven-year, $ 1 comma 000 bond with a 7.8 % coupon rate and semiannual coupons is trading with a yield to maturity of 6.50 %. If the yield to maturity of the bond rises to 7.

In a single employer group plan, what is the name of the policy issued to the employer?

G. R. Edwin Inc. had sales of $6.02 million during the past year. The cost of goods sold amounted to $3.06 million. Operating expenses totaled $2.65 million, and interest expense was $27 comma 000.

During the year, Calabash Clinic made a $50,000 cash payment toward its bank loan, which it had previously recorded; $40,000 was for principal, and $10,000 was to pay the full amount of interest due.

How does gross income differ from net income?

Catherine is married and a mother of two children. She has decided to forego her own career to stay home with her children until they are grown and on their own.

What is a common workflow error that can cause duplicate expenses in QuickBooks Online?