Answer:
The answer is explained below
Explanation:
To begin with, the policies that the goverments decide to implement in their countries tend to influece in a huge way the companies decisions and therefore its actions as well. Therefore that as a company manager of an international business he needs to stay very updated about the government policies over the countries where his company works. Moreover, the manager will understand that if there is free trade in a country then there will be no problems for his company to start selling there and obtaining the maximum profits as possible and if there is protectionism then the company will have to deal with the policies that the government implemented there. And that is why that as an international business manager he should really care about the policies of the country's government and if there is free trade of protectionism.
Answer:
The answer is a. The "invention" sought to be patented is actually a living creature.
Explanation:
That is the answer. Because by the law, you actually "CAN" patent a living creature or an organism that you invented and that does not exist naturally.
So, a patent application CAN NOT be denied on the grounds that the invention is a living thing.
However, if a plant or any organism exists in nature and has reproduced, then it cannot be patented. Because then it has become a natural occurrence. This is a stern limitation and a criteria put on patents for living organisms.
Patenting living organism such as anti bacteria and bacteria is common in pharmaceutical industry while patenting unique seed types are common in agricultural sector.
Answer:
<h2>The journal entry is shown below:</h2>
Explanation:
The journal entry for recording the establishment of the fund is as:
On September 1
Petty cash A/c.....................Dr $250
Cash A/c...........................Cr $250
Being recording the petty cash in the books
As creating the fund for the petty cash in the books, the account of petty cash is debited as there is increase in the assets which is debited. And the petty cash is created against cash. Therefore, the cash account is credited.
Answer:
Bad Debt A/c Dr $9,000
To Credit Allowance for Bad & Doubtful A/c $9,000
Explanation:
According to the scenario, the journal entry are given below:
Journal Entry:
Bad Debt A/c Dr $9,000
To Credit Allowance for Bad & Doubtful A/c $9,000
(Being the Bad debt A/c is recorded)
The computation for bad debts are given below:
Bad debts = Uncollectible Amount - Credit balance in Allowance for doubtful A/c
Where,
Uncollectible Amount = $12,000
Credit balance in Allowance for doubtful A/c = $3,000
By putting the value we get,
= $12,000 - $3,000
= $9,000
Answer:
The journal entries to record this transaction would include: E. a credit to Sales Revenue for $45,000.
Explanation:
When Morgan Manufacturing sold goods, the company should make two journal entry to record Cost of goods sold and Sales revenue.
The entries:
1. Debit Cost of goods sold $35,000
Credit Finished-Goods Inventory $35,000
2. Debit Cash $45,000
Credit Sales revenue $45,000
The journal entries to record this transaction would include: E. a credit to Sales Revenue for $45,000.
