Answer:
A) Debit Accounts Receivable, $225; credit Fees Earned, $225
Explanation:
Willis owes Jefferson $225 (= 15 hours x $15 per hour).
The accounts receivable is debited because it represents money owed to Jefferson. Since it is an asset account and it increases, it should be debited.
Fees earned is a revenue account and since it increases, it should be credited.
There are three (3) types of income: Earned Income, Portfolio Income and Passive Income.
Earned Income - a type of income that is generated through work (e.g. salary)
Portfolio Income - These income are somewhat called "capital gains" because it is where the state gets salary taxes. This type of income is generated through selling investments in a higher price that you paid.
Passive Income - This type of income is generated through your assets that you have created. Like for instance, you bought a house and let it rent to earn an income.
Answer:
This approach minimizes the risk business has to take during foreign ventures. Such as finding new markets, storing the products till distribution, handling customer records and grievances and so on.
In other words, the cost of participating overseas.
Explanation:
Imagine you own a company that produces toys. Exporting your own product is profitable. Yet when the demand and the customer base grow, it becomes difficult to hand the distribution of the product, financials, tax/legal requirements and documentation all by your self.
An authorized agent or a distributor make the work much easier as they support you in various tasks we've mentioned above.
In the process, you'll have more time to think of new ways to grow your business while your agent/distributor handle the day to day tasks in operations.
Answer:
The correct answer is option D.
Explanation:
Expansionary fiscal policy is used to boost economic activities. It is used in case of a recession in the economy. The main tools of expansionary fiscal policy are an increase in government spending and a decrease in taxes.
Both of these will cause an increase in disposable income. This will further lead to an increase in the aggregate demand, causing a rightward shift in the aggregate demand curve.
Answer:
Examining relationships with related parties will show whether there are unusual transactions that significantly improve the company's reported financial performance
Explanation:
Examining related parties, will help to find out if due processes and set standards were followed and applied in company transactions, as the <em>'significantly improved reported financial performance'</em>, may not reveal the true financial performance of the company.