Answer:
B. False
Explanation:
As we know that in the case of the normal goods, there is a positive relationship between the consumer income and the quantity demanded
If the income falls, the quantity demanded also falls and if the income rises, the quantity demanded rises
Therefore in the given case, since the income falls, so the consumers do not purchased more as the quantity falls
So, the given statement is false
Explanation:
The journal entry is shown below:
Cash A/c Dr $1,372
Sales Returns and Allowances A/c Dr $600
Sales Discounts A/c Dr $28
To Accounts Receivable A/c $2,000
(Being the cash is received)
The computation is shown below:
For sales discount
= (Sales value of merchandise - returned goods) × discount rate
= ($2,000 - $600) × 2%
= $28
And, the remaining balance is debited to the cash account
Answer: $1,575
Explanation:
When using Last In First Out (LIFO) method of inventory valuation, it is assumed that the most current goods purchased are the ones to be sold first. This means that the remaining inventory are the earlier ones purchased.
25 units remain at the end of the year. These will therefore come from;
The 10 units of beginning Inventory at $60 each
The remaining 15 units will come from the first purchase at $65 each.
Amount of Inventory = (10 * 60) + (15 * 65)
= 600 + 975
= $1,575
I have attached the complete question.
Answer:
B. attract and retain local talent
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question the answer that is not a reason would be to attract and retain local talent. This can be said because changes focused on international operations will not affect local talent at all.
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