Debit to "Accounts Payable to Smith"
and Credit to "Inventory" account
A debit in an expense account is a decrease in the amount owed. Since you are returning inventory and getting the money back, you owe less.
You credit inventory because you are taking away from it by returning the goods.
If a company has a high level of relation coordination then the expected employee behavior is good as well. The employees respond to the company is highly satisfactory
Answer:
Total cost recovery deduction = 1251450
Explanation:
Given the seven-year class asset bought by the Sid = $1500000
On 2nd December the five-year class asset bought = $900000
Now we have to find the cost recovery deduction for 2020.
900000/(900000 + 1500000) = 37.5% Thus, use half-year convention and avoid mid quarter
1500000 – 1,000,000 (Sec 179 limit) = 500000
500000 x 14.29% = 71450
900,000 x 20% = 180,000
1,000,000 + 71450 + 180,000
Cost recovery for 7 year asset = 1,071450
Cost recovery 5 year asset = 180000
Total cost recovery deduction = 1251450
Answer:
a. 1, and total revenue and price move in the same direction
Explanation:
Unit elasticity of demand is when a change in price leads to a proportional change in quantity demanded.
A good has a unit elastic demand when its coefficient of elasticity is equal to one.
If price increases by 20% , quantity demanded falls by 20%.
If price falls by 20%, quantity demanded increases by 20%.
I hope my answer helps you.
Answer:
This practice of charging women more than men for the same service is known as <u>pink tax</u>.
Explanation:
Many manufacturers are charging more for products simply because they're branded for women. This practice is know as pink tax . It is consider a gender discrimination
