Answer and Explanation:
The journal entry for establishing the fund as on September 1 is shown below:
On September 1
Petty cash Dr $410
To cash $410
(Being establishment of fund is recorded)
Here petty cash is debited as it increased the asset and credited the cash as it decreased the asset
Therefore the same is to be considered
<span>Government interference in business can cause many problems. Government taxation policies Affect business cost. Four instance, A rise and corporate tax rate Have the same affect as a rising cost. And while companies will pass many of these cost onto their consumers, it will Still affect their bottom line. Also when government raises things such as the minimum wage, it affects how many people a business going higher and can lead to them having to lay off employees.</span>
C.
Multinationals are often known for their extraction of natural resources, and when they swoop in to harvest this new deposit of resources, what ends up happening is they indeed earn a profit, but due to repatriation of profits, the money may be sent back to the country of origin and the multinational may pressure the government to not tax the multinational.
C is correct answer ......
Answer:
19.8%; 16.8%
Explanation:
In 2016:
Common size percentages for operating expenses:
= (Operating expenses ÷ Net sales) × 100
= (65,960 ÷ $333,800) × 100
= 0.198 × 100
= 19.8%
In 2017:
Common size percentages for operating expenses:
= (Operating expenses ÷ Net sales) × 100
= ($68,440 ÷ $407,400) × 100
= 0.1680 × 100
= 16.8%
Note:
Table is missing in this question, so i have attached the missing table.
