Capacity of a ship used to determine taxation of the ship by its country of registry or by port or canal authorities is called

Which of the following is an essential characteristic of enduringly great companies? They undergo continuous change. They are so

Anit [1.1K]

Answer:

The answer is (A) They undergo continuous change.

Explanation:

To remain competitive in today’s world, a company must be willing to continue changing according to what the market currently needs and will need in the future. When a company remains stagnant, it would be outpaced by its competitors. Most of the household names that we commonly encounter maintains a spirit of continuous improvement – and we can encounter this from the innovative product they choose to make, better customer experience, or improvement in internal business process.

7 0

3 years ago

Lowe's is the second-largest home improvement retailer in the world, with 2,002 stores. During its fiscal year ended in February

34kurt

The financial statement effects template records Lowe's purchases for the fiscal year ended February 28, 2019 as follows:

Transaction Assets = Liabilities + Equity

Purchases $0 + $49,569 = $49,569 + $0

Inventory Accounts Payable

The accounts equally affected by the purchases on account are the Inventory and the Accounts Payable.

Data Analysis:

Merchandise Inventory $49,569 Accounts Payable $49,569

Thus, with the purchases of merchandise during the fiscal year at a cost of $49,569, the Assets (inventory) and Liabilities (accounts payable) are increased by the same amount.

Related question on the financial statement effects at brainly.com/question/16362041

4 0

3 years ago

At the beginning of the year, the Dallas Company had the following accounts on its books: Accounts Receivable $264,000 Debit All

lukranit [14]

Answer:

Explanation:

Requirement :

Date Account title and Explanation Debit Credit

Dec.31 Accounts receivable $2,346,000

Sales revenue $2,346,000

[To record credit sales for the year]

Dec.31 Cash $2,350,000

Accounts receivable $2,350,000

[To record collections on account for the year]

Feb.17 Allowance for doubtful account $7,500

Accounts receivable-R.St. John $7,500

[To write off R. St. John's account]

May 28 Allowance for doubtful account $4,800

Accounts receivable-G. Herberger $4,800

[To write off G. Herberger's account]

Oct 13 Accounts receivable-G. Herberger $1,200

Allowance for doubtful account $1,200

[To reinstate G. Herberger's account for partil recovery]

Oct 13 Cash $1,200

Accounts receivable-G. Herberger $1,200

[To record collection from G. Herberger]

Dec 15 Allowance for doubtful account $5,000

Accounts receivable-R. Clancy $5,000

[To write-off R. Clancy's account]

Dec 31 Bad debt expense [$2,346,000 x 0.8%] $18,768

Allowance for doubtful account $18,768

[To record allowance for doubtful accounts]

Requirement b:

Accounts Receivable $242,700

Less: Allowance for Doubtful accounts $19,168

Accounts receivable net $223,532

Calculations:

T-Accounts

Accounts receivable Allowance for doubtful account

$264,000 Beg. $16,500 Beg.

$2,346,000 $2,350,000 $7,500 $1,200

$1,200 $7,500 $4,800 $18,768

$4,800 $5,000

$1,200

$5,000

$242,700 End. $19,168 End.

4 0

3 years ago

Sales taxes are A. based on each individual taxpayer's income level. B. levied on purchases of a particular good or service. C.

Elan Coil [88]

Answer:

B. levied on purchases of a particular good or service.

Explanation:

A sales tax is a tax that is given to the government body and is provided to the production of the particular goods and the services and its a set of the sales.

The crucial good and services and at the point of the purchase, and is directed by the consumers and is called as used tax. And includes the manufacturer's sales and wholesales tax and gross receipt and exercise tax and values added tax.

4 0

3 years ago

Blythe Industries reports the following account balances: inventory of $417,600, equipment of $2,028,300, accounts payable of $2

aleksley [76]

Answer:

$783,400

Explanation:

The total assets comprise of current assets, fixed assets ,and the intangible assets

The current assets include cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

So, the amount of the current assets is shown below:

= Inventory + cash + account receivable

= $417,600 + $51,900 + $313,900

= $783,400

The account payable is a current liabilities, Hence, we do not considered for the computation part

6 0

3 years ago