According to the TABC, seller-server certification can be revoked if one is charged with breaking the laws concerning the sale of alcohol. The length of time that TABC certificate is revoked depends on the number of offenses committed within a period of 12 months. In this case, the holder made a second offence within 12 months, therefore, the holder will not be allowed to get a TABC certification again for 90 days. One is required to take some time off work since it appears he/she has a problem with breaking alcohol laws
A
A lot of Money in that business
<span>Maximum prices in economics can be also known as Price Ceiling, where it is the legal maximum prices that producers can sell their good at. However, as this causes a market disequilibrium, ceteris paribus, there will exist a surplus of goods produced. This is due to the signalling and incentive effective on producers and consumers resulting in the increase of price (that has been set by the government).
Consumers would consume less of the product as it is more pricey than before, hence they are less willing and able to buy the product at the new price. Producers on the other hand sees more revenue to be earnt through higher prices and hence would devote their resources into producing that product. Hence the mismatch of supply and demand results in a surplus of products and would likely result in the government buying all the surplus out of interest for producers.</span>
Answer:
debit Accounts Payable $800; credit Merchandise Inventory $16; and credit Cash $784
Explanation:
Since Jello's Market purchased $1,000 of goods on account with terms of 2/10,n/30, and they returned $200 of the goods due to defect the next day.
Since the goods are paid fr the next day, if falls within the settlement for discount date which is 2% within 10 days
If Jello pays for the purchase within the discount period and uses the perpetual inventory system, the required journal entry to record the payment would: debit Accounts Payable $800; credit Merchandise Inventory $16; and credit Cash $784.
This would be the case because accounts payable account would have been credited since the goods were not bought for cash but on account, and the would be $1000 less $200 returns, which is $800.
The discount of 2% x (1000 - 200 returns) would be $16 and posted directly to inventory, since it is a perpetual inventory system.
The actual amount paid is credited to cash, which is $1000 - $200 returns - $16 discount
The Incubation because it drop to a low level so it’s E
