Answer:
Cash 20,200 debit
Sales revenue 20,200
COGS 15,500
Finished Goods Invenotry 15,500
Explanation:
The revenue will be recognize by the amount billed to the customer. It is paying on cash, so our cash increases. We record that by debiting cash.
And we credit the sales revenue to increase our revenue.
Then we recognize the cost of goods sold, which are 15,500
This decrease our finished goods inventory by this ammount. Also, we post the expense for the cost of the goods sold.
Complete question:
Assume that the Texas legislature is not in session and the economy has gone into recession. What must occur before legislators can act to reformulate policy
A. The legislature as a body must wait for the comptroller to decertify the budget.
B. The legislature must wait for a special session to be called.
C. The legislature must wait for economic conditions to deteriorate to a point where a constitutional provision allowing deficit spending kicks in.
D. The legislature must wait until the federal government increases monies for state governments.
Answer:
The legislature must wait for a special session to be called.
Explanation:
Once the Texas legislature passes a budget and the governor has acted, after 6 months does the budget go into effect.
The Texas legislature passed a law that requires that an agency take a specific action in order to solve a problem. At formulation stage of the policy making process did the passage of this law occur
A special session (also a exceptional session) in a parliamentary term is a time when the assembly meets outside the usual legislative session. Anyone holding a special meeting would be subject to different requirements, such as by a legislative vote in a normal session, the president, or the presiding officer of the legislature.
Through this program, the U.S. Small Business Administration (SBA) oversees about 11,500 volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses-<u>Service Corps of Retired Executives (SCORE)( b. SCORE ELAN )</u>
Explanation:
<u>The Service Corps of Retired Executives (SCORE) is a national non-profit organization that offers counselling services to the existing business owners and aspiring entrepreneurs. </u>
There are 389 SCORE chapters in United States offering counseling services to small businesses houses
<u>SCORE has a network of 10,000 volunteer business experts. SCORE is a nonprofit resource partner of the U.S. Small Business Administration (SBA), and because of this reason its mentoring services are free, irrespective of the number of times you visit a mentor.</u>
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<u>The SBA(Small business administration) helps Americans start, build and grow businesses.. The SBA administers a Congressional grant which provides SCORE with funding. </u>
<u>SCORE volunteers work with the SBA to provide small business mentoring and training services to the entrepreneurs and various business owners</u>
Death, law suits, complications from the injury, termination from a job.
Answer:
C. less than $500,000
Explanation:
Price of a bond is the present value of all future cash flows receivable from the bond discounted at market rate of interest
. Cash flows which will be discounted include periodic interest payments and maturity value
. When market interest rate is higher than the interest rate offered by the bond, the cash flows receivable from the bond are discounted at higher rate due to which the value of the bond falls below its par value as the investment is less attractive to people due to lower interest offered by the bond
So, the bond price will be less than $500,000