Answer:
sale on account
Explanation:
When a sales is made and payment is expected at a future date, a sales on account occurs, e.g.:
January 2, 2020, 5,000 units sold at $10 each to ABC company, credit terms 2/10, n/30. Cost of goods sold is $30,000
Dr Accounts receivable 50,000 (5,000 x 10)
Cr Sales revenue 50,000
Dr Cost of goods sold 30,000
Cr Merchandise inventory 30,000
After the invoice is collected, the journal entry would be:
January 30, 2020, invoice collected from ABC company
Dr Cash 50,000
Cr Accounts receivable 50,000
Explanation:
To his surprise, Deci found that “people given a financial incentive were now less interested in solving puzzles on their own time.” External rewards “seemed to kill their internal drive.” Later psychologists who have studied Deci's experiment theorize that the cash payments implied that the puzzle solving had no ...
<span>It would be surprising if a ceo of a large company does their own housework, especially in economists' opinion, because a ceo makes lots of money and can hire someone like a maid. This, in turn, would create more jobs. If ceo did own housework, there would be less need for maids.</span>
<span>When the top management team is homogeneous and a new CEO is selected from inside the firm, it is B. unlikely that the current strategy is going to change.
Nothing much is going to change when it comes to the way this company works - be it strategy or its other functioning. It doesn't really matter whether the CEO came from inside or the outside of the firm - if the strategy is good, it shouldn't be changed </span><span /><span>
</span>
Answer:
B) $522,000
Explanation:
Calculation for the maximum business interest deduction
Using this formula
Maximum business interest deduction =(Allocable taxable income+Deductible expenses of business interest +Depreciation)× Standard Tax rate
Let plug in the formula
Maximum business interest deduction =
($1,250,000 + 240,000 + 250,000) × 30%
Maximum business interest deduction =$1,740,000*30%
Maximum business interest deduction = $522,000
Therefore the maximum business interest deduction that George will be eligible to claim this year will be $522,000
