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ivanzaharov [21]
3 years ago
13

Petty Cash is a liability with a normal debit balance. True or false

Business
1 answer:
KatRina [158]3 years ago
8 0
True because it is a liability with a normal debit balance
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At the conclusion of a tort trial the jury finds the plaintiff about 30% responsible for the damages she suffered and the defend
KonstantinChe [14]

Answer:

The answer is: $70,000

Explanation:

70% of the total damages equals $70,000 (70% x $100,000)

Comparative negligence refers to a legal defense used by the defendant to reduce the amount of damages that a plaintiff can recover. This is based on what percentage of the plaintiff's damages could be attributed to the plaintiff's own negligence.

6 0
3 years ago
Lahdekorpi OY, a Finnish corporation, owns 100 percent of Three- O Company, a subsidiary incorporated in the United States. Requ
RUDIKE [14]

Answer:

Lahdekorpi OY, a Finnish corporation and Three-O Company, a subsidiary incorporated in the United States

Transfer Pricing:

a) The best transfer pricing method in this case is the cost plus method.  This gives the transfer price as Cost + 50%.

b) The appropriate transfer price should be $3 ($2 x 1.5).

Explanation:

Transfer pricing arises when controlled entities set prices for exchange of goods and services.  When Lahdekorpi OY, a Finnish corporation, sells wooden puzzles to Three-O Company, given their relationship, transfer pricing has arisen.  It is the assignment of cost for goods and services exchanged between related parties, like a parent and a subsidiary.

There are many Transfer Pricing methods which entities and the taxing authorities can use to determine the best transfer price.  According to the Organisation for Economic Co-operation and Development (OECD) Multinational Entities and tax authorities can use any of these five main transfer pricing methods:

a) Comparable uncontrolled price (CUP) method. The CUP method is grouped by the OECD as a traditional transaction method (as opposed to a transactional profit method)

b) Resale price method

c) Cost plus method

d) Transactional net margin method (TNMM)

e) Transactional profit split method.

7 0
3 years ago
The other day, you had to remember some items for an important exam. you are sure you studied them and knew them before you ente
ahrayia [7]
Sometimes when people are under pressure they forget things that they have memorized. Sometimes its answers for a test and sometimes they forget how to walk, your body will just shut down under pressure.
Just try to relax and think of something else of a few, then move on to the next question, it will come back to you.
3 0
2 years ago
What is the primary objective for a for-profit business
sattari [20]

Answer:

the primary objective, or purpose of a for-profit business is to maximize profits for the owners while maintaining corporate social responsibility.

can i have brainliest

4 0
3 years ago
U Do It Centers deposited $3,200 in an account two years ago and is depositing another $5,000 today. A final deposit of $3,500 w
GaryK [48]

Answer:

Total= $13,221.52

Explanation:

Giving the following information:

Deposited $3,200 in an account two years ago and is depositing another $5,000 today.

A final deposit of $3,500 will be made one year from now.

Interest expense= 4.85% compounded annually.

We need to calculate the final value of each deposit using the following formula:

FV= PV*(1+i)^n

First deposit= 3,200*(1.0485^5)= $4,055.01

Second deposit= 5,000*(1.0485^2)= $5,496.76

Third deposit= 3,500*(1.0485)= $3,669.75

Total= $13,221.52

4 0
3 years ago
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