Answer:
£45
Explanation:
Simply multiply 18000 by 0.0025 and you get your result.
Answer:
Journal 1 ;
Account Receivable - Cullumber Co. $ 492200 (debit), Revenue $ 492200
Journal 2;
Cost of Sales $325000 (debit) , Merchandise $325000
Journal 3
Discount Allowed $22900 (debit), Accounts Receivable - Cullumber Co $22900 (credit)
Journal 4
Bank or Cash $469300 (debit), Account Receivable - Cullumber Co (credit)
Explanation:
Journal 1
Revenue is being recognized on sale of Merchandise to Cullumber Co.Since this is not a credit transaction ( the merchandise was sold on credit 2/10, n/30), we recognize an Asset in the Account Receivable - Cullumber for future economic benefits expected to flow to Oriole.
Journal 2
Company uses perpetual inventory system. Which means cost of merchandise is recorded at each sale and not after a certain period (periodic).Thus cost of merchandise is matched to the revenue.Note that Merchandise Account is decreasing (Credit) while the Cost od Sale is increasing (Debit)
Journal 3
The Asset element in the Account Receivable - Cullumber is decreasing due to allowance granted to them.Therefore Culumber is credited.An expense account - Discount Allowed has been created to reflect a decrease in future economic benefit due to grant of the allowance.
Journal 4
The Recognition of Payment through Bank or Cash. Asset of Cash or Bank are increasing as a result of the payment while assets of Accounts Receivable are decreasing due to Cullumber Co. settling their debt. The settled amount is net of allowance granted to them $469300 (492200-22900)
Answer:
C. personal use of company confidentiality agreement
Answer: A. Kingston may be held liable to Remstat because he usurped a corporate opportunity.
Explanation:
Based on the information given in the question, the correct option is that Kingston may be held liable to Remstat because he usurped a corporate opportunity.
Usurpation of a corporate opportunity is typically regarded as a form of breach of duty and it arises when a worker in a particular company uses the information that he has for his own personal gain.
In this case, Kingston is the 100 percent shareholder of KKIM and uses the information that he has regarding the sabres to his benefit.
Therefore, the correct option is A.
Answer:
The materials, personnel, effort, and money that enter a system are called the input
It cannot be envirmont or output becuase it is personal things not public.
Explanation:
Hope this helps,
Have a great day!
