Answer:
b. Cash 5,400 Debit
Common Stock 1,200 Credit
Paid-in Capital in Excess of Par 4,200 Credit
Explanation:
the cash proceeds will be for 5,400
common stock will increase for the face value:
600 shares x 2 = 1,200
the paid-in capital in excess of par value will be the difference:
5,400 - 1,200 = 4,200
Cash, which is an asset increase for mdebit side while the common stock and additional paid-in are equity accounts. They increase from the credit side.
Retail distribution
The illegal drug business or trade primarily consists of the cultivation, manufacture, distribution and sales of prohibited drugs.
Cultivation and manufacture involves planting and harvesting prohibited drugs from plant sources (e.g. opium or marijuana) and processing the plant raw materials to produce the final product. For synthetic drugs, manufacture entails securing (sometimes by importation) of the chemicals required for the production of a certain drug (e.g. methamphetamine). Importation of the raw materials or final products might also be necessary to meet the demands.
With the final product at hand, the next step is to distribute and sell the drugs -- wholesale or retail. Wholesale distribution and sales involve large amounts (in bulk) of the illegal drugs while retail involves smaller amounts.
Answer:
S/n Accounts title Debit Credit
a. Bad Debt expenses $2,655
Allowance for Doubtful debts $2,655
((132,500*5%)-3,970)
(Being bad debt expense recorded)
b. Bad Debt expenses $8,255
Allowance for Doubtful debts $8,255
{(132,500*5%)+1,630]
(Being bad debt expense recorded)
<span>those who study management will understand how to work with organizational behavior. Organizational behavior is the study of how people behave while in groups and as individuals. Also with how to get people to work as effectively as possible. It can involve trying to motivate an individual worker or it can involve trying to understand how to get workers...</span>
Answer:
c. generates income
Explanation:
International trade for a country refers to exchange of goods and services beyond geographical boundaries. In short international trade refers to the business due to import and export of goods.
For example, one nation might specialize in the production of cocoa while another nation is rich in oil wells or oil reserves. The two nations can trade such resources and eliminate scarcity or abundance.
International trade leads to increased competition in the domestic market since now the producers are compelled to adhere to meet international quality standards for their products.
So, International trade generally c. generates income.
