Answer:
A salesperson talking about the advantages of the washing machines at his store.
Explanation:
There is a certain criteria of calling a transaction as selling. There must be some offerings for exchange of some money, or any other article.
When a sales person in the store of washing machines, then it is obvious that all the machines in the store are kept as an offer to buy, further when the salesperson provides the description and that the salesperson targets to attract more customers. Therefore, there is an offering of the product.
Accordingly it will be termed as sales.
In any other case there is no article served for sale.
Answer:
Variable Costing Income Statement
Sales Revenue = 60,450 X $120 = $7,254,000
Less: Variable Cost
Reg, records, marketing = $275 X 4,500 = $1,237,500
Instructional cost = $64 X 60,450 = $3,868,800
Contribution Margin = $2,147,700
Less:
Fixed Cost
Depreciation $825,600
Net Operating Income = $$1,322,100
Answer:
C. debit Salary Expense, $8000; credit Salaries Payable, $8000
Explanation:
When Salaries are payable or accrued, the following journal entry is passed:
Salaries Expense A/C Dr.
To Salaries Payable A/C
(Being salaries payable recorded)
The effect of the above transaction being, salary expense being debited and salaries payable or outstanding liability being created.
On the date of payment, the journal entry would be:
Salaries Payable A/C Dr.
To Cash A/C
(Being salaries paid in cash recorded)
In the given case, 2 days salaries i.e $8000 have accrued. The entry to be passed on Tuesday would be as under:
Salaries Expense A/C Dr. $8000
To Salaries Payable A/C $8000
(Being salaries payable recorded)
Answer:
Direct foreign investment
Explanation:
Foreign direct investment (FDI) is done in the case when the company controls the ownership in the other country of the business entity
Here the foreign company would be directly linked with the day to day operations that done in the other country this means that here not only the contribution of money matters but also the knowledge, skills, capabilities, techonology is also matter
Therefore the above represent the answer