Answer:
Journal Entry
General Ledger Dr. Cr.
Cash $7,085
Sales Tax Payable $585
Sales $6,500
Explanation:
Sales tax is the amount of tax collected by the business on the taxable sales from customers on behalf of government and pay it to government after that. Sales tax will be included in the cash received from the customer and recorded as the payable for the business.
Sales Value = $6,500
Sales Tax = 9%
Sales inclusive of Sales tax = $6,500 x 109% = $6,500 x 1.09 = $7,085
Answer: Civics is the study of the rights and duties of citizens.
Explanation:
Answer:
<em>hello you have reached Micah micks office line if this is an emergency please hang up and call my personal line if this isn't please leave an voicemail and ill get back to you shortly thank you goodbye</em>
Explanation:
Entry of new firms into monopolistically competitive industries is relatively easy because capital requirements are low. Thus the correct answer is D.
<h3>What is a monopoly?</h3>
A monopoly refers to a firm that has a single authority in the market and controls the market completely. In a monopoly, there is a single rule and an absence of competition.
Monopolistic competition describes a competitive market in which a small number of sellers give clients near alternatives. It is a market system in which a large number of enterprises compete in the same industry.
Each firm runs on its own, producing comparable but production of innovative products, with no concern for what other companies are doing. These types of firms are very easy to enter and exit the market.
Therefore, option D with low capital requirements is the correct answer.
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