Date - Account Title - Debit - Credit
Feb 13
Cash - $10,975 -
Sales - - $10,000
Sales Tax Payable - - $975
What is a Drop-down menu?
A drop-down list (abbreviated drop-down, or DDL; also known as a drop-down menu, drop menu, pull-down list, picklist) is a graphical control element, similar to a list box, that allows the user to choose one value from a list.
When a drop-down list is inactive, it displays a single value. When activated, it displays (drops down) a list of values, from which the user may select one.
When the user selects a new value, the control reverts to its inactive state, displaying the selected value. It is often used in the design of graphical user interfaces, including web design.
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The correct option from the given choices is; "<span>c. price, quantity demanded".
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The demand curve refers to graphical representation, which is used to show the relationship amongst cost (price of good) and quantity.Normally, the cost will show up on the left vertical axis, and on horizontal axis the demand of quantity is represented. The relationship between them is inverse relation or we can say that both price and quantity are inversely related to each other.
Answer:
Market penetration.
Explanation:
Market penetration is one of the strategies used by marketers to gain market share and increase sales volume. This strategy has been used to sell existing goods and services of the company to the existing market or new market by using a different technique and schemes like discounts, bundling of products, offers, etc to improve sales volume and get a competitive advantage. It is measured by the volume of goods and services been used by the consumer in comparison to other competitor and it´s a share in the total market.
Answer:
a) Assets will be overstated
Explanation:
Annual repairs costs are operating expenses that should be debited to the repair and maintenance account. The amount should increase the repair and maintenance account and, consequently, expenses for that period.
If the repair expenses are debited to the asset account, assets increase in value. Since the repair costs are wrongfully posted, the assets will be overstated. On the other hand, expenses will be understated
Answer:
A) Laws represent the minimum guidelines that companies must follow,whereas a firm's ethical stance may venture beyond the minimum level of compliance.
Explanation:
In the given scenario there are laws that allows community and state police to set up sobriety check points that discourages drunk drivers and saves lives.
The inclusion or removal of applications that helps drunk drivers avoid these checkpoints is not covered by the law. So if a company decides to include such applications it is at their discretion.
Blackberry have chosen to remove applications that helps drunk drivers avoid checkpoints. This is an example of when a company has ventured beyond the minimum level of compliance because of their ethical stance.
Google and Apple however have only ventured beyond the minimum compliance level because they have refused to honour requests by legislators to remove apps that permit smartphone users to navigate around the checkpoints.
