Answer:
B) Sales discounts.
Explanation:
Sales Discount is a contra revenue account which is adjusted in the sales to calculate the net sales value.
As the following transaction is already been recorded at the time of sale
Dr. Account receivable xxxx
Cr. Sales xxxx
Sales account will not be debited to adjust the transaction. we will record this transaction in sales discount account which will ultimately adjusted.
The answer is b. In a table that is provided
Answer:
a) If bribes cost $1,000 each, how much will a housing inspector make each year in bribes?
So, if the corrupt inspector approves two newly built structures each week, ti means that he is bribed twice per week. There are 52 weeks in a year, so he gets a total of 104 bribes (52 x 2). If each bribe costs $1,000, then he makes a total of: $1,000 x 104 = $104,000 in bribes per year.
c) Corrupt officials may have an incentive to reduce the provision of government services to help line their own pockets.
This statement is true. Corrupt officials will want to have private companies they can obtain bribes from provide government services. It increases the probability of them making money from bribes.
d) What if reducing the number of inspectors from 20 to 10 only increased the equilibrium bribe from $1,000 to $1,500?
Reducing the number of inspectors in hafl means that each inspector now gets twice the bribes. Because the equilibrium price did not double as did the quantity of bribes, each inspector will make less money than expected, but they will still the incentive to collect all the four bribes per week.
Answer:
A is the correct answer
Explanation:
Most small businesses use a simple organizational structure. In this, decision making is centralized with the owner. It doesn't have any formal departments and layers. There are both advantages and disadvantages of running the company with this structure. It enables the owner to keep tight control over the company's operation. No decisions can be made without the owner's approval and the owners of aware of every decision made. These companies make decisions quickly as there are no layers of management where the request needs to climb before approval.
