Answer:
Credit Sales Taxes Payable for $23700
Explanation:
The journal entry to reflect the sale transactions is:
- Account Cash, an asset account, which increases with debit. $395000 + $23700.
If you debit a cash account, then this means that the amount of cash on hand increases.
- Account Sales, an income account, which increases with credit. $395000.
Income accounts, a credit increases the balance.
- Account Sales Taxes Payable, a liability account, wich increases with credit. $23700.
If you credit an accounts payable account, this means that the amount of accounts payable liability increases.
Loans are sums of money that are expected to be paid back with interest or in full
Answer: (a) -0.1412
(b) 0.4941
Explanation:
Q = 11 - 2P + 3Ps
Where,
P - price of the product
Ps - price of a substitute good
Ps = $2.80
P = $1.20
= 
= -0.1412
= 
= 0.4941
Answer: MULTINATIONAL
Explanation: MULTINATIONAL ENTERPRISE is any Enterprise that has its presence and does business in two or more countries. The presence can be in the form of Production facilities, Marketing facilities,joint ventures or even Franchise etc
Companies like Green Cleaners Inc., a U.S. company which has expanded to Spain and Poland are multinationals. Multinational organizations or enterprises have huge capital base through which they are able to acquire properties abroad.
