Answer:
Expense & revenue summary a/c (credit balance) = $3500
Explanation:
1. Dr Expense & revenue summary 52500
Cr Sales discount 1500
Cr Sales return & allowance 3000
Cr Depreciation expense 25000
Cr Salaries expense 23000
(Close expenses to expense & revenue summary a/c)
2. Dr Sales 56000
Cr Expense & revenue summary 56000
(Close sales to expense & revenue summary a/c)
3. Dr Expense & revenue summary a/c 3500
Cr Retained earning a/c 3500
(To close expense & revenue summary a/c)
4. Dr Retained earning 2000
Cr Expense & revenue summary 2000
(Close dividend to expense & revenue summary a/c)d
Answer:
$299,280
Explanation:
If the Tolstoys purchased the house they would pay on average $120 per sq ft x 2,900 sq ft = $348,000
If Mr. installs the plumbing and Mrs. Tolstoy decorates the house, they can save 10% (plumbing and installing plumbing fixtures) and 4% (interior decorating) = 14% of the cost
So the Tolstoys can save = $348,000 x 14% = $48,720
the cost of the house = $348,000 - $48,720 = $299,280
What indicates the maximum quantity of a product that may be brought into a country in a specific period is a quota.
<h3>What does quota mean?</h3>
A quota is the maximum monetary value of a good and service that can be imported into a country for a specific period.
The purpose of a quota is to restrict the amount of import into a country so as to boost local production of the good for which the quota is placed. Quotas also limit foreign competition.
To learn more about imports, please check: brainly.com/question/26497713
- A firm that treats the whole world as one market by emphasizing the similar cultures in all the countries is called a global marketing firm.
- A firm that observes the world is comprised of different countries and done marketing of products in each country in a varied manner is called a multinational marketing firm.
<h3>
What is a marketing firm?</h3>
A marketing firm is an entity that enabled a business to create, execute and sustain the marketing strategies in the consumer market.
- The global marketing firm is the one that creates a standardized market in the scenario of similar cultures and adapts when the cultures are different in the worldwide market.
- The multi-national marketing firm is the entity that introduces varied products, their branding, and promotion in various countries in which they have their businesses.
Therefore, the global marketing firm focuses on marketing in the entire world whereas the multinational marketing firm focuses on the country in which they have their business set up.
Learn more about the marketing in the related link:
brainly.com/question/27155256
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Answer:
The correct answer is $200
Explanation:
The interest expense appearing on the company's income statement in year 1 is for a period of four months(September to December) year 1.
The interest expense using an annual rate of 6% is computed thus:
interest expense=$10,000*6%*4/12=$200
The correct option is $200 which is not one of the options provided,hence the options need.
In another version of the question,option D was $200 which shows is missing here,
All in all, the correct answer is $200 interest for a period of four months from September to December
