Answer:
you cannot journalize these transactions. you can prepare an income statement which is not the same:
Sales revenue $393,500
Sales discounts ($8,800)
Sales allowances ($18,600) <u> ($27,400)</u>
Net sales revenue $366,100
Cost of goods sold <u>($205,200)</u>
Gross profit $160,900
Operating expenses:
Rent ($33,000)
Freight out ($8,200)
Insurance ($13,600)
Salaries ($60,200) <u>($150,000)</u>
Operating income $10,900
Income taxes <u>($5,300)</u>
Net income $5,600
Other comprehensive income <u> $2,000</u>
Total income $7,600
Answer:
Market riskinvolves the risk of changing conditions in the specific marketplace in which a company competes for business. One example of market risk is the increasing tendency of consumers to shop online. This aspect of market risk has presented significant challenges to traditional retail businesses.
Explanation:
hope this helps
Free market economy is a system that is solely based on the supply and demand and that there is very little or no governmental control at all. This type of government is able to grow because of its flexibility depending on the needs of the consumers and not on the imposed law by authorities.
Answer:
A. The Point system
Explanation:
Job evaluation is the process of comparing the the value of a job in relation to other jobs. It compares jobs, to assess their relative worth for the purpose of establishing a rational pay structure.
The point system is a type of quantitative job evaluation procedure that breaks down job based on various identifiable factors such as skill, effort, training, knowledge, hazards, responsibility, etc. Thereafter, points are allocated to each of these factors. In this method of job evaluation, each factor is given weight based on their importance in performing the job. thereafter, points allocated to each of the are then summed and the job pay is allocated based on the total points of each job.
Answer:
See below.
Explanation:
To compute the change in money supply, we first calculate the credit multiplier,
Credit multiplier is calculated as,
Multiplier = 1 / reserve ratio
When the Bank of Tazi loans 10 million to bank while their reserve requirements stay the same, this additional 10 million will be loaned out and the total change in money supply would be
= 10 million * Multiplier
For example if the reserve ratio was 4% then the multiplier = 1 /0.04 = 25
Then the total change in money supply would be 10 * 25 = 250 million.
Hope that helps.
