Answer: Retailers sell food, hard or durable goods, and soft goods. Retailing is a trading activity that is directly related to the sale of goods or services to the ultimate consumer for personal, non-business use. A retailer is the last middleman in the machinery of distribution and is responsible to satisfy recurrent wants of consumers.
Explanation: I hope this helps!
Answer:
A)control corporate behavior
Explanation:
Sarbanes-Oxley Act which came up in 2002, can be regarded as Public Company Accounting Reform and Investor Protection Act, is a reform act for public companies and investor protector. Sarbanes-Oxley Act was popped up in U S in order to to get the auditing of public companies fixed. It should be noted that the Sarbanes-Oxley Act was passed in an effort to control corrupt corporate financial behavior.
N<u>o</u><u>, because all </u><u>compensation</u><u> must come through your </u><u>broker</u><u>.</u>
Which of the following actions should be taken when holding an open house?
Schedule the open house soon after the property hits the market.
Which of these statements best describes the concept of procuring cause?
Procuring cause means the licensee's actions produced a ready, willing, and able buyer.
Which of the following is true regarding a broker's commission in a real estate transaction?
- The commission must be stated in the listing agreement and is set by the broker.
- Commissions are determined at a special meeting of the local realtor board once a year.
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Answer:
Kindly see attached picture
Explanation:
Sales tax percentage= 8.5%
Sales = 10,000
Sales tax payable = 0.085 × 10000 = 850
Accounts payable = 10000 + 850 = 10850
Kindly see attached picture for journal entry
Answer and Explanation:
The Journal entry is shown below:-
1. Amortization expense - copyrights $20,000 ($120,000 ÷ 6)
To copyrights $20,000
(Being amortization expense is recorded)
Here we debited the amortization expense - copyrights as expenses is increasing and we credited the copyrights as assets is decreasing.
2. Amortization expense - Patents Dr, $11,250 ($54,000 ÷ 4) × 10 ÷ 12
To Patents $11,250
(Being amortization expense is recorded)
Here we debited the amortization expense - patents as expenses is increasing and we credited the patents as assets is decreasing.
3. No Journal entry is required as IFRS good will is no longer granted to be amortized.