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2 years ago

What section of the Constitution is the basis for most laws governing business transactions, and what does that section provide?

Business

1 answer:

sineoko [7]2 years ago

4 0

Answer and Explanation:

The Commerce Clause is a provision of the United States Constitution that grants Congress to <em>rule the business transactions with foreign nations, among the several States, and with Indian Tribes</em>. The clause mainly aims to set the boundaries of state commerce so they will not affect the overall economy towards engaging good business relationships with other countries.

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Journalize the following merchandise transactions. The company uses the perpetual inventory system.

aliya0001 [1]

Answer:

Accounts Receivable $17,300 (debit)

Cost of Goods Sold $12,600 (debit)

Sales Revenue $17,300 (credit)

Inventory $12,600 (credit)

Cash $15,916 (debit)

Accounts Receivable $15,916 (credit)

Explanation:

The Perpetual Inventory system records the cost of inventory after every sale.

a. Sale of Sold merchandise on account

Recognize the Revenue and Cost of Sale as follows :

Accounts Receivable $17,300 (debit)

Sales Revenue $17,300 (credit)

Cost of Sales $12,600 (debit)

Merchandise $12,600 (credit)

b.Received payment within the discount period

Recognize the Cash receipts to the extend of amount paid less cash discount of 2%

Cash $15,916 (debit)

Accounts Receivable $15,916 (credit)

Cash Receipt = $17,300 × 92% = $15,916

5 0

3 years ago

Which of the following is the BEST description of the law of demand?

34kurt

D

This is shown because when a item in demand is needed it becomes price and thus becomes lower of supply and gains value

8 0

3 years ago

If fixed costs increased and variable costs per unit decreased, the break-even point would_______________.

Aleksandr-060686 [28]

Answer:

The correct option is D,cannot be determined from the data provided

Explanation:

Break-even points in units=fixed costs/contribution margin per unit

Contribution margin per unit =selling price -variable cost

In other words, from the scenario, it is clear that the numerator fixed costs has increased and also a reduction in variable cost per unit implies an increase in contribution margin per unit since a lesser variable cost is being deducted from selling price.

The impact of both increases in fixed costs and contribution margin cannot be determined except if more details is provided which will give further guidance regarding which of the two increased at a higher rate compared to the other.

5 0

3 years ago

The following information is drawn from Royal Industries' cash budget: Cash Receipts $ 40,000 Beginning Cash Balance $ 10,000 Ca

Andreyy89

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

8 0

3 years ago

What is one reason why a business may want to move entirely online?

Brilliant_brown [7]

B. To focus on a global market.

4 0

3 years ago

Read 2 more answers