Answer:
1. No restrictions on sending their earning profit to their own country
2. It takes maximum of 30 days to complete the entire process of company registration in Maldives
3. The government encourages projects that are environmentally friendly
Answer:
Explanation:
Opening units 0
Started 56000
56000
Transffered 30000
Closing 26000
Production Table
Using Weighted Average Method
Cost Element Complete Closing WIP Equivellant production units
Material 30,000 26,000 56,000
Labour Cost 30,000 19,500 49,500
Answer:
The correct answer is letter "C": individualism.
Explanation:
Individualism is an economic idea that promotes less government intervention. In this economic scenario, individuals are the main characters influencing the fluctuations of the market based on demand and supply principles. Individualism is in favor of private ownership and self over collective interest.
They will remit in $1200 to the seller.
<h3>Credit Sales</h3>
Credit sales are transactions in which the debt will be paid in full at a later time. In other words, credit sales are transactions when the consumer does not pay in whole, in cash, at the time of the transaction.
Cash sales, credit sales, and advance payment sales are the three basic types of sales transactions. The timing of when cash is received is the only distinction between these sales transactions.
1. Sales made in cash: When a transaction is made and the customer receives their goods or services, cash is collected.
2. Credit sales: After the sale is made, the customer has a certain amount of time to pay the vendor.
3. Sales involving advance payments: Buyers pay the vendor in full before closing the deal.
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The transaction where Livingston company pays utilities of $2,500 in cash, this transaction would be recorded as a Debit to Utilities Expense $2,500 and a Credit to Cash $2,500.
<h3>What is an
utilities?</h3>
It refers to the cost consumed in a reporting period related to electricity, heat, sewer, water expenditures etc. These expenses are necessary for running the business and are variable costs that change based on consumption.
The category is also associated with some expenditures for ongoing telephone and internet service.
In conclusion, this transaction would be recorded as a Debit to Utilities Expense $2,500 and a Credit to Cash $2,500.
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