Answer:
c. credit to Sales Revenue for $72,380.
Explanation:
Since AAA Car Repair's total purchases exceed $200,000 for the year, they are eligible for the 3% rebate on purchases above $60,000. Only the fraction of the purchase over $60,000 should get the 3% rebate, the first $60,000 get the 2% rate.
Therefore, the total sales amount recorded by P & G Auto Parts by selling $74,000 of parts to AAA is:
There should be a credit to Sales Revenue for $72,380.
Answer:
$300,000
Explanation:
Calculation to determine How much current taxable income must Lincoln report as a result of its ownership of the CFC
Using this formula
Taxable income=Subpart F income * Ownership percentage
Let plug in the formula
Taxable income=$600,000*50%
Taxable income=$300,000
Therefore The amount of current taxable income that Lincoln must report as a result of its ownership of the CFC is $300,000
Answer:
b. False
Explanation:
The product liability law is weak in developing countries due to its improper implementation while in many countries the law has not been implemented. the customers are not aware about the law and also government efforts does not meet the actual need of the law.
In the united states, in practice, the differences among the measures of inflation computed using the cpi, the GDP deflator, and the PCE deflator are small.
In economics, inflation is a widespread boom in the fees of goods and offerings in an economy. when the general fee degree rises, each unit of currency buys fewer items and offerings; therefore, inflation corresponds to a discount inside the purchasing energy of money..
whilst excessive inflation is commonly considered dangerous, a few economists accept as true that a small quantity of inflation can help drive a financial boom. the opposite of inflation is deflation, a scenario wherein costs have a tendency to say no. The Federal Reserve objectives a 2% inflation rate, based on the patron fee Index (CPI).
Learn more about inflation here: brainly.com/question/8149429
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Answer:
Take out a loan from a bank don't borrow from family it could ruin your relationship with them
Explanation:
If you take a loan you might have to pay interest depends on the bank and the time you take to pay it back.
If you take a loan from a family member it depends on their financial situation if they have loads of money they might be patient but if they have not lots of money but still some money they might be annoyed on how long you take so my conclusion is take money from the bank.
