Answer and Explanation:
The journal entries are given below:
On May 1
Accounts receivable $1,300
To sales revenue $1,250
To Sales tax liability ($1,250 ×8%) $100
(Being the sales is recorded on account)
On May 15
Cash $3,564
To Sales revenue $3,300
To Sales tax liability ($3,300 ×8%) $264
(Being the sales is recorded on account)
On May 31
Cash $1,300
To Account receivable $1,300
(Being received payment on account due is recorded)
Answer:
B. Both are subtracted from purchases.
Answer: (A) Organizational control
Explanation:
According to the question, the organizational control is one of the type of business system process in which the resources are get evaluating and regulating for accomplished the company goals.
There are mainly three types of organizational control that are:
- Clan control
- Output control
- Performance control
The organizational control is one of the important factor in terms of business as identifying all the problem and also prevents from all the frauds in the business. It also improve the communication channel in an organization.
Therefore, Option (A) is correct.
The Consumer Financial Protection Bureau (CFPB) is not well-known to many people. It’s a relatively new government organization that’s part of the Federal Reserve. The CFPB was created after the financial crisis<span> of 2008 to protect consumers – hence the name. Before the CFPB was created, the responsibility to protect consumers was divvied up among several government agencies. But consumer protection is the CFPB’s primary focus. </span>
Answer:
A) Maximize their market share.
Explanation:
Companies which believe higher sales volume will drive the cost down (& profits upward) will need to sell more of their products to achieve this target.
For example, if a bike manufacturer thinks that he can reduce cost by higher number of sales, he must maximize his market share and target more and more people to buy the bikes, let it be child, millennial, parents, everyone.
This will derive the sales volume to be higher and the costs to be lower (& higher long-run profits).
