Answer:
The journal entry to record the establishment of the fund on september 1 is:
1 September Petty Cash $ 470 Dr.
Cash $ 470 Cr.
31st September Office supplies, $95 Dr.
Merchandise inventory, $ 181 Dr.
Miscellaneous expenses $ 44 Dr.
Cash $320 Cr.
To reimburse Petty Cash
The journal entry to reimburse and to increase the fund are same .
October 1 Petty Cash $ 94
Cash $ 94
To increase the Petty Cash by $ 94
Answer:
Switching cost
Explanation:
Switching cost may be defined as the amount which is related to the consumer for the purpose of changing the supplier to the another one. So, the greater the cost of switching, the more will be hard or costly the switch will be.
Therefore according to the above explanation, the correct answer is Switching cost.
Home loan amount = $165,000
Estimated closing costs = $6,187.50
% of estimated closing cost = ?
$165,000 * x% = $6,187.50
x% = $6,187.50 ÷ $165,000
x% = 0.0375
x = 0.0375 x 100 = 3.75
Therefore, estimated closing costs = 3.75% of loan amount = 3.75% of $165,000
Actual closing costs = 3.5% of loan amount = 3.5% of $165,000 = $5775
Difference in estimated and actual closing cost percent = 3.75% - 3.5% = 0.25%
The closing costs were lower than the estimate by 0.25%
Answer:
True
Explanation:
The ISO 9000 management systems helps organize to meet buyers needs within regulation and requirements related to a service. A industry certifications can be used to hire and train workers.
Answer:
International business is a affects the domestic economy in many ways.
Explanation:
- The impacts of international trade can vary from the supply and demand of a particular good or product and their impact on the domestic market functioning. The price changes in the market affect the wages received by the workers as trade opens new foreign markets.
- The supply of the products is depended on the demands of the consumers which may be affected by the government policies, and many socio-cultural aspects.
- International trade leads to the increase of the value of the products and thus increases in the demands and the competitiveness of the market, for this, the government provides a subsidy to the domestic infant industries to protect them from getting removed for the competition.
- Due to the competition, the firms try to sell their product at a lower or higher cost thereby increasing the quantity demanded by the customer. Thus the equilibrium of the price and quantity demanded changes.
