Answer:
The journal entry would be as follows:
Account Debit Credit
Cash $480
Sales Revenue $500
Credit Card Expense $20
The Credit Card Expense corresponds to the 4% fee that Master Card charged P. Jameson Co. ($500 x 20% = $20)
Answer:
Specialization can lead to an increase in overall production
Explanation:
We specializes in something we are skilled at and will become better at and so we will be able to produce more of that goods and services
Answer:
Explanation:
He should work with the 50,000 hours estimate instead of the 40,000 in order to avoid shortage of funds during the business year
