Explanation:
The journal entry is shown below:
Accounts Payable A/c Dr $8,300
To Cash A/c $8,140
To Merchandise Inventory A/c $160 ($8,000 × 2%)
(Being the purchase of merchandise is recorded)
The computation is shown below:
For account payable
= $10,000 + $300 - $2000
= $8,300
For cash account
= $8,300 - $160
=$8,140
Answer:
correct answer is B
Explanation:
Mike does not budget, because budgeting means actively spending less to save for something else, but mike spends all his money on comics.
Robert is budgeting so he can buy a new basketball hoop
Jeremy is thinking through a complex question that has nothing to do with money spending or saving
Alan doesn't make sense because the only money you get by banking your money is annual interest but i know he isn't budgeting.
Answer:
The correct answer is competitive intelligence.
Explanation:
Competitive intelligence is the systematic collection of open information, which once combined and analyzed provides a better understanding of the structure, culture, behavior, capabilities, and weaknesses of a competitor's firm.
It is a very important activity because it helps companies to better understand how the business works. This way you can learn to be better than your competitors.
Companies use competitive intelligence to compare themselves with others, allowing them to make informed decisions. Most firms today realize the importance of knowing what their competitors are doing, and the information collected allows organizations to find out about their strengths and weaknesses.
Answer:
The correct option is D,$3,000,000
Explanation:
The break-even point in dollars =fixed costs /contribution per unit
fixed costs is $900,000
contribution per unit =selling price-variable costs
if variable cost is 70% of selling price , it implies that selling price is 100%, as a result ,contribution is 30% 0r 0.30 (100%-70%)
Break-even in dollars=$900,000/0.3
=$3,000,000
Ultimately, the break-even in dollars is $3,000,000,option D
Answer: In general, the realists believes that there's not enough bang for the buck. It says the pace and scale of cuts required by Kyoto would hurt the U.S. economy without providing significant environmental benefits. USA believes more research is needed to understand the warming trend and how technology can be used to reverse or slow global warming.
Explanation: The United States hasn't become part of the agreement because it considers a problem the fact that several major developing nations, including India and China, are not required to reduce emissions under the agreement. China is expected to overtake the United States as the world's largest producer of greenhouse gases as early as this year.
Perhaps an even bigger problem with Kyoto, however, is that scientists say that even if it is successful, it would do relatively little to slow the pace of global warming.