Answer and Explanation:
The subject of the email is too long and contains all the information. The subject should have been: Proposal draft due on Friday. Rest of the information should have been included in the body of the email.
Answer:
$4,480
Explanation:
The total amount to be recorded as expense would include the cost of the item purchased an the values of the applicable taxes.
As such, the advertising expense would include the value of the goods and services tax as well as the provincial sales tax with both tax rates applied to the applicable cost.
Goods and services tax = 5% × $4,000
= $200
Provincial sales tax = 7% × $4,000
= $280
Total debit to advertising expense
= $4,000 + $200 + $280
= $4,480
Answer:
1. Option (A) is correct.
2. Option (C) is correct.
Explanation:
1. Micron's entry to record the dividend transaction is as follows:
Cash A/c Dr. $16,450
To Long - Term Investments $16,450
(In this case, since the holding interest is more than 20%, Equity method is used)
workings:
Dividend = $47,000 × 35%
= $16,450
2. The entry to record the receipt of dividend would be:
Cash A/c Dr. $12,000
To Dividend Revenue A/c $12,000
(To record the receipt of dividend)
Workings:
Dividend = 3,000 shares × $4 per share
= $12,000
The answer is <u>"B. Entrepreneurs often work long hours and must take on the financial responsibilities of the business."</u>
An entrepreneur is a person who, as opposed to functioning as a worker, establishes and maintains a private company, expecting every one of the dangers and prizes of the endeavor. The business visionary is generally observed as a pioneer, a wellspring of new thoughts, merchandise, administrations and business/or techniques.
Entrepreneurs assume a key role in any economy. These are the general population who have the right stuff and activity important to foresee present and future needs and put up great new thoughts for sale to the public.
