Answer:
A tariff has a postive impact when it comes to safeguarding and having an income
Explanation:
A tariff is a tax put on imported or exported goods to protect the goods and earn money. This can be used as a source of income as many states in the US do so.
The boy scouts, the veterans of foreign wars, most civic organizations, and many groups that people join because of mutual interest are all examples of voluntary associations. They worked together as volunteers in a form of union or agreement working together for a unified purpose or mutual interest.
Answer:
True
Explanation:
Lilypad Toys should be vary of the imitators. Since they introduced a new technology in the market, it is bound to be copied by other manufacturers who will try to sell it in the same market for cheaper rates.
Lilypad Toys should come up with a patent for their technology to earn profit off of this technology and also save themselves from the raging competition from the imitating companies.
I hope the answer was helpful.
Thanks for asking.
Answer:
b. Accounts receivables (gross) is reduced
Explanation:
As we know that
The journal entry to record the bad debt expense is
Bad debt expense A/c Dr
To Allowance for doubtful debts
(Being allowance of uncollectible accounts are recorded)
By passing this journal entry, both bad debt expense and the allowance for doubtful debts which result in a decrease in the net income and the balance of account receivable but the gross of account receivable would remain the same.
Answer:
The answer is given below;
Explanation:
The $ 5 collected will be treated as miscellaneous revenue.The cash over and short account will be credited for $5.
As the cash receipts are $ 105 and sales revenue is $100.The difference amount will be treated as miscellaneous revenue.
The journal entry will be;
Cash Dr.$105
Sales Revenue Cr.$100
Miscellaneous revenue Cr.$5
