Answer and Explanation:
The journal entry to record the sales transaction is given below:
On April 10
Cash Dr $25,725
To Sales revenue $24,500
To Sales tax payable $1,225
(Being the sale is recorded)
Here cash is debited as it increased the assets and revenue & sales tax payable is credited as it increased the revenue & liabilities
Answer:
sales era
Explanation:
The sales era (1920s - 1950s) was a time where manufacturers started to emphasize on effective sales forces and effective sales techniques because of increasing competition and increasing output levels. The goal of sales management was to find enough consumers for the company's total output.
Answer:
the future value in two years is $110.25
Explanation:
The computation of the future value in two years is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $100 × (1 + .05)^2
= $100 × (1.1025)
= $110.25
Hence, the future value in two years is $110.25
The same should be considered and relevant
Answer:
Contingency plan.
Explanation:
Contingency plan is a plan conducted by an organization to prepare for , react to and recover from events that threaten the security of information and information assets in the organization , and the subsequent restoration to normal modes of business operations.
It prepares the organization for any potential risk , as response to such risk will be fats and timely , and consequently , loss are minimized.
<span>It depends on their agreement. It could be a general partnership or a limited partnership. One could be an investor and one runs the business day to day.</span>
