Because KFC changed their recipe (the spiciness) for various regions, this shows that multinational firms must develop every new product for potential worldwide distribution.
<h3>What is new product development?</h3>
A new product development refer to a firm process of bringing in a new product to the marketplace.
In conclusion, the development of new product helps in potential worldwide distribution.
Read more about product development
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Answer and Explanation:
The Journal entry is shown below:-
Factory labor Dr, $480,000
To Factory wages payable $400,000
To Employee payroll taxes payable $80,000
(Being factory labor cost is recorded)
Here we debited the factory labor as it increased the expenses and we credited the factory wages payable and employee payroll taxes payable as it also increased the liabilities
This would be a general partnership because both parties are responsible equally.
Answer:
He is age 20 and single. His only income item is $12,100 interest from a trust fund. NO CONTRIBUTION SINCE HE HAS NO EARNED INCOME
He is age 40 and single. His only income item is a $34,900 share of ordinary income from a partnership. MAXIMUM CONTRIBUTION OF $6,000
He is age 60 and single. His only income item is $21,300 wages from his job. MAXIMUM CONTRIBUTION OF $7,000
He is age 46 and files a joint return with his wife. His sole proprietorship generates a $7,790 loss, and his wife’s salary is $46,700. MR. JANSON CANNOT CONTRIBUTE ANY MONEY TO THE IRA ACCOUNT, BUT HIS WIFE CAN CONTRIBUTE $6,000 ON HER ACCOUNT AND $6,000 ON MR. JANSON'S ACCOUNT.
Explanation:
In 2019, the limit for RA contributions increased by $500 to:
- under age 50 ⇒ $6,000 per year
- over age 50 ⇒ $7,000 per year
only earned income can be contributed
you cannot contribute more than what you earn
Answer:
$58,740
Explanation:
The computation of the cash paid is shown below:
For March month
= March purchase × remaining percentage
= $53,000 × 80%
= $42,400
For April month
= April purchase × given percentage × after applying cash discount
= $86,000 × 20% × 95%
= $16,340
So, the total amount of cash paid would be
= $42,400 + $16,340
= $58,740
Simply we multiply the monthly percentage with their percentage criteria