Answer:
Yes
Explanation:
Yes, this concept is an example of supply and demand. When there is a limited supply of a product like the soft drinks in the vending machines then the price would match the number of people that want to buy the product. If in a very hot day more people want to buy a soft drink to cool down then the supply will begin to decrease as more people buy, this will create an increase in price as people would be ok with paying more money in order to be one of the lucky few to get one of the few soft drinks that are left.
Answer:
1) October 1:
1.1
Debit Cost of Goods sold $3,600
Credit Merchandise $3,600
1.2
Debit Cash $6,000
Credit Revenue $6,000
2) October 7
2.1.
Debit Revenue $670
Credit Cash $670
2.2.
Debit Merchandise $402
Credit Cost of Goods sold $402
Explanation:
1. October 1: when sold goods, the company recorded Cost of Goods sold and revenue:
1.1
Debit Cost of Goods sold $3,600
Credit Merchandise $3,600
1.2
Debit Cash $6,000
Credit Revenue $6,000
2. October 7
The percentage of revenue that merchandise returned = $670/$6,000 = 11.17%
Assume a constant gross profit ratio for all items sold.
Cost of returned merchandise = $3,600 x 11.17% = $402
2.1.
Debit Revenue $670
Credit Cash $670
2.2.
Debit Merchandise $402
Credit Cost of Goods sold $402
Answer:
0
Explanation:
Because she is a chronically ill individual, Julia may exclude the full amount she receives as it is less than the amount of actual expenses and the daily limitation of $300 established by law.
That's why the taxable amount is 0.
Answer:
The correct option is B
Explanation:
FDI is an investment in the business through an investor from another country and control is with the foreign investor over the company purchased.
Licensing means all the contracts to which the third part has granted or licensed any right to its subsidiaries or company.
So, the reason for preferring FDI instead of license is sharing the intellectual know how with the foreign rival might be risky as this is a limitation in licensing.
