It would depend on what country you’re currently in.
https://wwwnc.cdc.gov/travel/page/travel-vaccines
Whenever I had to travel abroad, I’d go to a passport health Center.
Answer: The following entry is required to enter this transaction
Accounts Receivable A/c Dr $5,000
To Sales $5,000
Since Kristi's sold the tiles on charge, it means that it was a credit sale.
On the day of the sale, we will credit the sales account with the total value of the sale i.e . Since it's a credit sale we'll debit the Accounts Receivable account with $5000.
The terms of the sale are 1/10, n/30. This means that the customer can get a 10% discount if he pays within 1 day of the sale, else he has 30 days to pay the entire amount.
Since we don't know if the customer paid within a day or not, we record the transaction above in order to account for the credit sale.
Answer:
Threat of New entrants
Explanation:
Opening a corner coffee shop is a relatively simple process with low-to-moderate start-up costs. The five forces model would suggest that in this industry, threat of new entrants is a strong force.
In the scenario, there is a low barrier to entry and it requires little capital to enter into the coffee shop industry, hence the factor of 'threat of new entrant' is a strong force.
Remember, don't try to think outside the box. The word could be "innovator." Which is just someone who thinks/dreams of new ideas or methods.
Answer:
Credit to Prepaid insurance for $400 and Debit to Insurance expense for $400
Explanation:
The journal entry is given below:
Insurance expense ($4800 × 1 ÷ 12) $400
Prepaid Insurance $400
(To record insurance expense)
Here the insurance expense is debited as it increased the expense and credited the prepaid insurance as it decreased the assets