Answer:1. Poole journal $
Date
April 10
Cash account Dr 50,925
Cash sales Cr 48,500
Sales tax. Cr. 2425
Narration. Cash sales inclusive of sales tax.
Waterman journal $
Date
April 15
Cash account Dr 26750
Cash sales Cr. 25,000
Sales tax. Cr. 1750
Narration. Cash sales inclusive of sales tax
Explanation:
Firms are authorized by the government to collect sales tax on their behalf at the time of sales and such amount when collected are treated as liability by the firm to be remitted to the goverments.
At the point of sale the sales tax is showing as percentage to be charged on sales separately e.g 5% on sales figures.
If the tax percentage is not separated at the time of sales and the sales is made inclusive of sales tax then the sales tax like in the above scenario will be 7/107 * $26,750 which gives $1750
Answer:
Explanation:
To deplete is to reduce in quantity, so if a product depletes it means the demand of that product has increased, and an increase is represented by a rightward change.
The likely consequence would be to order for new products, there may be stock out costs such as loss of goodwill, loss of sales etc. Investment would increase for that product and period to exploit the sales better and increase earnings, so money would be spent to order, transport and store the product.
Answer:
Option D (the leveraged buyout) is the correct answer.
Explanation:
- This method includes an organizational plan's financial elements such as sales and expenditures, production planning and scheduling, investment analysis, as well as accounts receivable.
- An organization generally progresses an investment plan shortly after that the perspective, as well as priorities, have indeed been established.
The other given choices are not related to the given instance. So that the above would be the appropriate choice.
Answer:
The correct answer is B. Decrease and transfer payments increase.
Explanation:
Automatic stabilizers soften cyclic fluctuations through their effect on aggregate demand. Indeed, when the economy is in a contractive or recessive phase, the negative or very reduced economic growth generates a decrease in fiscal revenues while higher unemployment increases public expenditures. Consequently, private sector disposable income decreases less than GDP does, thus limiting the contractual effect on aggregate demand, growth and employment. Therefore, the budget balance worsens in this phase by stimulating the economy and facilitating economic recovery. In the opposite sense, in times of expansion, automatic stabilizers generate higher public revenues and lower spending, which allows to increase the public surplus - or reduce the deficit - avoiding excessive expansion that could have negative effects on cycle volatility and price stability.