Answer:
Dr Advertising Supplies Expense 4,700
Cr Advertising Supplies 4,700
T ACCOUNTS
ADVERTISING SUPPLIES
DR SIDE
Dr 8,000
Dr 12/31 Balance 3,300
CR SIDE
Cr 12/31 4,700
ADVERTISING SUPPLIES EXPENSE
DR SIDE
Dr 12/31 4,700
Explanation:
Preparation of the adjusting entry at December 31
December 31
Dr Advertising Supplies Expense 4,700
Cr Advertising Supplies 4,700
(8,000-3,300)
Preparation of the T ACCOUNTS
ADVERTISING SUPPLIES
DR SIDE
Dr 8,000
Dr 12/31 Balance 3,300
CR SIDE
Cr 12/31 4,700
ADVERTISING SUPPLIES EXPENSE
DR SIDE
Dr 12/31 4,700
NAFTA stipulates that during a ten-year period, the United States, Canada, and Mexico will gradually eliminate all tariffs on merchandise trade and scale back prohibitions on service trade and foreign investment.
What conditions must a free trade agreement meet in order to be compliant with the WTO?
RTAs must adhere to WTO regulations governing such agreements, which include that parties must have established free trade on the majority of commerce within the regional area and cannot increase their tariffs or other trade barriers against nations outside the accord.
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Answer:
1. Cash in hand and at bank balance
2. Is there land and buildings available
3. Are there any accumulated debt owed by the church
4. Collections or record of church document.
Explanation:
1. Cash in hand and at bank balance. This an example of a current asset. The first question is how much does the church have as cash and bank balance. The reason is to ascertain whether the fund will be sufficient for the new building project.
2. Land and Buildings availability. This is a fixed asset. The board would enquire whether there is an already existing building or land with which to begin the building project.
3. Debt or loan owed by the church. Loan forms part of liability in a balance sheet. Another question to be asked is whether the church is indebted to a bank or financial institution. This will determine whether or not to continue with the building project.
4. Record of church document. Does the church have any existing document with which to support the new building? This is pertinent as to begin or abandon the plan to build a new church.
Answer:
False. If interest rates are positive, the future value will always be more than the present value.
Explanation:
Future value is given by:
FV = PV 
wherein, FV= Future Value
PV= Present Value
i = rate of interest per period
n = number of periods
So, if interest rates are positive, the current investment shall be compounded to arrive at Future value which would turn out to be more than the present value.
For example, $ 100 invested today at 10% per annum, after an year would yield $110. This represents future value.
In case future value is provided as 110$ and rate of interest is given as 10% per annum, such future value discounted at 10% would give $100 today which represents the present value.
Thus, Future value will always be more than the present value if interest rates are positive.
The two items that will assist marketers to have a successful product launch by Robert M. McMath are by:
- learning from past mistakes
- focusing on what benefit the product has for customers
<h3>Who is
Robert M. McMath?</h3>
Robert M. McMath is an American author of the book titled "what were they thinking?". In the book, he outlined more than eighty marketing lessons he learned from his business experience.
According to Robert M. McMath, the two items that will assist marketers to have a successful product launch by Robert M. McMath are by:
- learning from past mistakes
- focusing on what benefit the product has for customers
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