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3 years ago

How Taxation and Legislation impact positively and negatively on a company.

1 answer:

5 0

Taxation decreases the income earned by a firm by 28% it means this affects the business negatively and when taxation is paid it positively improve the economic growth

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What does apartheid mean and what country in africa practiced it?

saveliy_v [14]

Apartheid was basically racial segregation and discrimination during the colonial times in South Africa.

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3 years ago

What does respecting people’s privacy mean? Which factor is a component of verbal communication?

Firdavs [7]

Sound is the most important part of verbal communication

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2 years ago

Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s

Pani-rosa [81]

Answer:

$62,800

Explanation:

Following Garfield Corp's policy, the number of pet beds that must be purchased, assuming no initial inventory, is given by the expected number of sales in March (1,300 units) added to 30% of the expected sales in April (30% of 900 units):

$n=1,300 +(0.3*900)\\n=1,570\ units$

Since the company purchases each pet bed for $40, total budgeted purchases are:

$P=\$40*n=\$40*1,570\\P=\$62,800$

Garfield Corp's total budgeted purchases for March are $62,800.

6 0

3 years ago

What is gross profit? (Select the best answer.)

BlackZzzverrR [31]

The money left over the cost of making a product or providing a service

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3 years ago

Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system a

anzhelika [568]

Answer:

April 2

Merchandise $6,200 (debit)

Accounts Payable : Lyon Company $6,200 (credit)

Purchase of Merchandise on credit from Lyon Company (FOB)

April 3

Accounts Payable : Lyon Company $200 (debit)

Cash $200 (credit)

Payment of Shipping Costs included in the Invoice

April 4

Accounts Payable : Lyon Company $450 (debit)

Merchandise $450 (credit)

Return of unacceptable merchandise to Lyon Company

April 17

Accounts Payable : Lyon Company $5,550 (debit)

Discount Received $111 (credit)

Cash $5,439 (credit)

Settlement of Account with supplier and recognition of discount received

April 18

Merchandise $11,700 (debit)

Accounts Payable : Frist Corp $11,700 (credit)

Purchase of Merchandise on credit from Frist Corp (FOB)

April 21

Accounts Payable : Frist Corp $500 (debit)

Merchandise $500 (credit)

Allowance received from supplier (Frist Corp)

Explanation:

There is some missing transactions for the dates closer to end of April.

However the rest of the journals and their narrations have been prepared. This will help with completing the rest of the transactions.

See journals above.

6 0

3 years ago