Answer:
B) Credit to refund liability of $280,000
Explanation:
The total estimated returns are 85 of the total sales = 8% x $21,000,000 = $1,680,000.
Since the company had already accounted for $1,400,000 in returns, the adjusted necessary should be = total returns - accounted returns = $1,680,000 - $1,400,000 = $280,000
Since the refund liability account must increase, and it is a liability account, it should be credited.
Answer:
Both an initial cash outflow and future cash inflow
Explanation:
Net value cash flow is the different cash flows that happens at different times. It takes into account the initial cash outflow or capital investment and the amount that it would be getting in the future that is the future cash inflow.
The net present value gives us a difference between cash inflows and cash outflows in their present values over a period of time.
The formation of a limited liability company is accomplished by filing the limited liability company (with a state official.
A limited liability company is a corporate structure that protects its owners from being personally sued for repayment of the company's debts or liabilities (LLC).
How we form an LLC?
- Although the rules for LLCs differ per state, there are some broad similarities. The first step for owners or members is to pick a name.
- Articles of incorporation are filed, together with a fee paid to the state. After that, the articles of incorporation can be recorded and filed with the state.
- These articles define each LLC member's rights, responsibilities, powers, liabilities, and other obligations.
- The paperwork also include the names and addresses of the LLC's members, the name of the registered agent, and the company statement of purpose.
To learn more about LLC
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Answer:
A. contrabands
B. lead in bullets
C. narcotics
D. genuine coins from counterfeit coins
Answer: Option D
Explanation:
Delegation is the transfer of responsibility for the performance of an activity from one individual to another while retaining accountability.
Maryland Nurse Practice Act: "The nurse may delegate the responsibility to perform a nursing task to an unlicensed individual or a certified nursing assistant.
Definition of delegation. The process of delegating the responsibility and authority to perform a task to another person who takes on that authority and responsibility. The delegator continues to be responsible for the task.
Delegation refers to transferring responsibility for a particular task from one person to another. From an administrative point of view, delegation occurs when a manager assigns a specific task to an employee.
Authority is the ability to perform a job in a particular role. Responsibility pertains to reliability, reliability, and commitment to work performance.
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