Answer:
Dr amortization expense $6,900
Cr Accumulated amortization $6,900
Explanation:
The adjusting journal on 31 December is to reflect the amortization charge of $6,900 in both accumulated amortization and amortization expense accounts.
Find attached t-accounts,note that amortization expense account would not have a closing balance as the amount of amortization is written to income statement
Answer: Option (c) is correct.
Explanation:
Correct Option: The corporate tax rate increases.
If there is an increase in the corporate tax rate then this will induce the firms to increase the amount of their debt. This is due to the fact that the firms with more debt are going to pay less tax because of the large interest expense. Due to large interest expenses, their income before tax reduces.
Hence, large corporate taxes encourage firms to increase the amount of debt. Therefore, the firms with no debt pays higher taxes than the firms with higher amount of debt.
Thanks to technology and media that buying or shopping products has become easy from the comfort of your home. However it is not always so easy when it comes to customer buying behavior for online products.
Explanation:
- Today's era is an era of online communication and this invention has made everything practically possible including online shopping.
- Customers or buyers are now able to see the advertisement online and get description of the products of their choice and this is easily done through online catalogues, search engines or different websites.
- Analytic is systematic analysis of data to get meaningful patterns helping to make effective decisions this includes (1) descriptive (2) predictive and (3) prescriptive.
- The important one is predictive analysis and it can further help by segmenting the product depending upon the behavior and attitude of where the product is been currently sold. And what would be consumers thought on this.
Answer:Flexible budget =$ 150,750
Explanation:
Variable overhead rate = $108,000 / 160000 = $ 0.675 per hour
(budgeted supervision cost)
Fixed overhead = $ 36,000
Flexible budget = Variable over head rate x direct labour + budgeted supervision cost (fixed overhead)
0.675 x 170,000+ 36,000
= 114,750+36,000
=$ 150,750
I believe the answer is: goodwill with trade partners
Protectionism refers to the act of protecting local businesses by imposing tariff or quota to the goods that come from another countries. When a country impose these, the other countries would usually retaliate by doing the same thing for the goods from our country (Decrease in goodwill)