C) Do you have a good credit report and credit score?
Answer:
Date General Ledger Dr. Cr.
1. September 30 Cash $6,300
Sales Tax Payable $300
Sales $6,000
2. September 30 Cost of Goods Sold $3,900
Merchandise Inventory $3,900
3. October 15 Sales Tax Payable $300
Cash $300
Explanation:
Sales Tax is subject to the price of merchandise. Sales tax is collected by the business on the taxable supplies on the behalf of government and paid to the government.
Sales tax amount = 6,000 x 5% = $300
Cost of Merchandise is recorded as cost of goods sold and deducted from the merchandise inventory.
Answer:
Marketing mix refers to the four Ps of marketing: product, price, place, and promotion. In order to effectively market a good or service, there are a number of key elements, and these elements interact strongly.
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Answer:
The answer is C.
Explanation:
Assets of a company or firm is the addition of both liabilities and shareholders' equity.
The capital structure of a company mostly comprises debt and equity i.e it is either financed by debt (short-term and long-term debt) and equity (contribution from its owners).
Option A is not correct. That term is for shareholders' equity and not for asset.
Option B is not correct because either asset or liability can be lower or higher.
