Answer:
a. can be viewed as a corrective tax aimed at multiple negative externalities associated with driving.
Explanation:
The gasoline tax can be considered a corrective tax aimed at multiple negative externalities associated with driving.
<span>Corruption is stealing of funds that are not
supposedly owned by the stealer. In most cases, it mostly happening in institutions
and organizations. People are hesitant to report corruption because (1) they
would be ‘silenced’ (killed) by the person they are trying to expose or (2) they
are part of the dirty job.</span>
The answer is D. $600. In general, the employee discount didn't result in taxable income to the recipient. The amount that may be excluded in relation to services purchased by employees, however, is limited to 20% of the amount normally charged to non-employee customers. As a result, Norbert would be able to exclude an employee discount up to 20% x $2,000 or $400 with the remaining $600 included in gross income.
Answer:
17 times
Explanation:
Data provided in the given question :-
Net Sales = $1,250,000
Average account Receivable = $73,500
Net Income = $53,150
So, the accounts receivable turnover ratio is given below :-
Accounts receivable turnover ratio = Net sales ÷ Average accounts receivable
= $1,250,000 ÷ $73,500
= 17 times
Hence the net income is ignored for calculating the account receivable turnover ratio.
Option 2, When a buyer returns merchandise purchased for cash, the buyer will record the transaction as a debit to Cash and a credit to Merchandise Inventory.
When goods are returned, the accounts receivable or cash account is credited to repay cash or lower what the buyer owes, and the sales returns and allowances account is debited to reduce sales. The accounts involved in the transaction are the purchases account and the cash account if goods are paid for in cash. It debits the purchases account and credits the cash account. The cash account and buyer sales account are the accounts involved in a transaction when goods are sold for cash. It debits the cash account and credits the sales account.
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