Answer:
There is no entry to be made on April 17, 2014
Explanation:
Following The accrual principle - an accounting concept that requires accounting transactions to be recorded in the time period in which they actually occur, rather than the period in which the cash flows related to them occur or the transaction are received.
On April 17, 2014, Naughton Ltd. received an order from a customer for a delivery to be made in May 2014 and the delivery does not occur yet on that day. I should be occur in May 2014.
Therefore, there is no entry to be made on April 17, 2014. In May, when the company finish delivering, the entry would be made:
1. Debit Cash (or Accounts Receivable) $11,000
Credit Revenue $11,000
2. Debit Cost of goods sold $7,500
Credit Cash $7,500
Answer:
b. is zero.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
There are three (3) types of taxation used by the government, these are;
1. Progressive taxation: it involves charging individuals having higher incomes a higher percentage of their total income.
For instance, Citizen A pays 20% on $50,000 and Citizen B pays 15% on $36.000.
2. Proportional taxation: it involves charging both lower and higher income earners equally in proportion to their income.
For instance, Citizen A pays 10% on $50,000 and Citizen B pays 10% on $36,000.
3. Regressive taxation: it involves charging individuals with low incomes a higher percentage of their total income and vice-versa.
For instance, Citizen A pays 15% on $50,000 and Citizen B pays 20% on $36,000.
The marginal tax rate for a lump-sum tax is zero because an additional amount of money would not change it.
Answer:
see below
Explanation:
The concept of limited liability is a confirmation that a corporation's assets are liabilities are distinct from those of shareholders. The concepts safeguard the shareholder's private properties should a business fail to meet its obligations.
Limited liability states that the liabilities of a shareholder is limited to the extent of his capital contribution. If the event of a dissolution, a shareholder's losses are capped to the share contribution. Their personal properties cannot be used to pay business debts should the business's assets be inadequate.
For many things identity theft, to be treated as if they don’t know as much etc
Answer:
The answer is C: 14300
Note: The actual answer is 14296, <em>and </em>the closest to that was option C.
Explanation:
Formula to calculate forecast using Exponential smoothing:
Where,
= New Forecast 
= Previous period's forecast.
= Smoothing Constant 
= Previous period's Actual Demand.
- Calculating the forecast for period 5:
Data:
Putting <em>values in the formula:</em>
