If the daily demand is 10 and the lead time in days is 8, what is the reorder point?

Which of the following liability accounts is likely to be reduced by an action other than payment of cash?

A. Wages payable B. Deferred subscriptions revenue C. Accounts Payable D. All the above will be satisfied by cash payment

Which of the following belongs in the credit column of the seller's closing statements?

a) cash change for buyer's deed b) proration of prepaid rents c) proration of prepaid taxes d) cash charge for recording a quitclaim deed