Answer:
- Cheaper labor.
- Cheaper auto parts.
Explanation:
China has cheaper labor rates than the United States in comparative industries including in the motor vehicle producing industry. Ford may want to take advantage of this to make cars at a smaller cost in China and therefore make more profit in sales.
Car parts are also easier and cheaper to acquire in China. Steel for instance, is a very valuable commodity in motor vehicle manufacturing and China happens to be the largest producer in the world. Having access to cheaper materials would increase Ford's profitability as well.
Answer:
May-15. Dr Merchandise inventory 40000
Cr Accounts payable 40000
( To record purchase of inventory)
May-17. Dr Merchandise inventory 310
Cash 310
(To record payment of freight of shipment)
May-20. Dr Accounts payable 800
Cr Merchandise inventory 800
( To record purchase return of inventory)
May-24. Dr Accounts payable (40000-800) 39200
Cr Cash 39200
( To record payment in full of inventory purchase)
Answer:
Explanation:
The journal entries are shown below:
a. Account receivable A/c Dr $27,720
To Sales revenue A/c $26,400
To Sales tax payable A/c $1,320 ($26,400 × 5%)
(Being the credit sales is recorded)
b. Cash A/c Dr $27,195
To Sales revenue A/c $25,900 ($27,195 × 100 ÷ 105)
To Sales tax payable A/c $1,295
(Being cash sales is recorded and the remaining balance is credited to the sales tax payable account)
The purpose of a W-4 form is to submit information to your employer to let them know how much to take out of your paycheck for taxes.
