Answer:
$6,726
Explanation:
If Crawford Company has total proceeds (before segregation of sales taxes) from sales of $7,155. If the sales tax is 6%, the amount to be credited to the account Sales Revenue is:
Sales Proceeds - 7,155
less: Sales Tax - <u>429</u>
Sales Revenue - <u>6,726</u>
<u>Sales tax is included in revenue but not included in net sales. Sales revenue does not include sales tax collected by the business.</u>
Answer: Offshoring.
Explanation:
Palin Inc., is involved in Offshoring by taking their production operations from the U.S of America to China where they can get cheap and quality labor. Offshoring occurs when a production company changes their industry site to a new location, which posseses quality and cheaper labor than their original location.
Answer:
6.97%
Explanation:
the formula to be used is
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$4,100.00 = $3,350.00 x ( 1 + r)^3
divide both sides of the equation by $3,350.00
$4,100.00 / $3,350.00 = ( 1 + r)^3
1.223881 = ( 1 + r)^3
find the cube root of both sides
1.069661 = 1 + r
r = 6.97%
Answer:
D. Capacity
Explanation:
In order to applying for a loan, the financial institution analyze the borrower information in terms of creditworthiness i.e. collateral property, cash on hand, repayment conditions, status of the job. These factors should be based on the capacity of the borrower whether he or she is eligible for a loan or not
Therefore according to the given situation, the option D is correct and the same is to be considered
