Answer and Explanation:
The Journal entry is shown below:-
1. Sales revenue Dr, $226,700
To Income revenue $226,700
(Being close accounts with credit income balances is recorded)
2. Income revenue Dr, $134,010
To Sales discount $4,410
To Cost of goods sold $129,600
(Being close accounts with debit expenses account is recorded)
Answer:
B. Environmental.
Explanation:
Similarly as environmental uncertainty impacts the design if an organization's structure, it is likewise impacts feelings of anxiety among employees in that organization.
Answer:
Edward can deduct his $7,000 loss from his adjusted gross income (AGI). Partnerships are investments that you make regardless of whether you work for them or not. One of the key characteristics of partnerships is that they are not taxed as separate entities, they pass-through their income or losses to the partners.
Answer:
This question is incomplete, it misses the options. The options are the following:
For the first question:
a) boom
b) expansion
c) recession
For the second question:
a) cyclical
b) frictional
c) structural
And the correct answer are the options B and A: recession and cyclical.
Explanation:
To begin with, when an economy is in recession that means that the whole production of it is slowing down because of the economic policies taken, due to the context of it and many other factors. Therefore that, when an economy is in recession the rate of unemployment increases due to the decrease of the production and that type of unemployment is known as cyclical because it relates to the process that the economy is going through.
