Explanation:
The Journal entry is shown below:-
a. Salary Expense Dr, $2,550
To salaries payable $2,550
(Being accrual of salary is recorded)
b. Income summary Dr, $324,750
To Salary expense $324,750
($322,200 + $2,550)
(Being closing of salary expense is recorded)
Full question attached
Answer and Explanation:
Answer and explanation attached
Answer: Differences in product and technical standards
Explanation:
International market has some variety of item when it comes to when the product compete with the locally sold item. When a product which is not being made in a particular country is entering that same country it has some competition to deal with and would have to go through some required standard already in place set by the the country which it's going into. Each country will have their different technical standard and this would determine some decisions on how the international product will sell in this market.
Answer: B. 48.48%
Explanation:
Debt ratio = Total Liabilities/ Total Assets
Total liabilities = Accounts payable + Notes payable + Long−term debt
= 100,000 + 450,000 + 1,050,000
= $1,600,000
Total Assets = $3,300,000
Debt ratio = 1,600,000/3,300,000
= 48.48%
