For questions (8) – (9), please discuss the significance and meaning of EACH of the following quotations in a well-formed paragraph.

The formula for Net Sales is – 

Which endorsement consists of a mere signature and is the least secure?

James Wolfe is the British official responsible for turning the French and Indian War around in favor of the British and the colonists.

This pay is based on the number of hours you work and your hourly pay.

Which endorsement designates a particular person to whom payment is to be made?

Which of the following are a component of the final Income Statement?

The ___________ is defined as the one to whom the check is payable.

This inventory system is taken at the end of each accounting period; the cost of unsold goods is calculated.

When paying the FICA Social Security Payable, the _______________ account is debited.