Answer:
Requirement: Prepare the entry to record the sales transactions and related taxes.
1. Date Account Titles and Explanation Debit Credit
Apr. 10 Cash $30,975
Sales Revenue $29,500
Sales Tax Payable $1,475
(To record Cash sales along with sales tax)
2. Date Account Titles and Explanation Debit Credit
Apr. 15 Cash $18,530
Sales Revenue $17,000
Sales Tax Payable $1,530
(To record Cash sales along with sales tax)
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<u>Workings</u>
- Total Sales along with sales tax = $18,530, Sales Tax Rate = 9%. Sales Tax Amount = 18530*(0.09/1.09) = $1,530
- Sales Without Sales Tax = $18,530 - $1,530 = $17,000
Answer:
Gross National Product (GNP)
Explanation:
According to Investopedia, "the Gross National Product is the value of a nation's finished domestic goods and services during a specific time period".
*Note that the GNP should NOT be confused with the GDP (Gross Domestic Product). The GDP only accounts for the value of goods and services produced within a nation's borders, while the GNP also adds the value of services produced by that country's employees and companies in other nations.
A job shadow is usually very short term and involves following someone around to observe their work. An internship is usually a month or longer and is more formalized.
Answer:
C.Positioning strategy
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question Gold Sheen is using a Positioning Strategy. This strategy focuses on placing the company's attention on one or at most two aspects within a market and excelling in those aspects in order to gain a competitive advantage in the market by being the best in those areas. Which is what is happening in this situation since no other company is concerned with herbal cosmetics.
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