Answer: Global Company
Explanation:
<u>A Global Company</u> is a type of multinational corporation that centralizes its management and other decisions in the home country.
None of these answers are correct. However, I will assume you accidentally wrote "global economy" instead of "global company" because global company is actually the answer.
Answer:
Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.
Explanation:
The journal entry is given below
Insurance expense A/c Dr $2,400
To Prepaid Insurance $2,400
(Being insurance expense is recorded)
The computation is shown below:
= Insurance premium ÷ number of months × required months
= $4,800 ÷ 4 months × 2 months
= $2,400 months
The 2 months is taken from November 1 to December 31
Answer:
It would need to charge at least 66,960 to break even.
But it should offer his normal fee
Explanation:
Sales revenue 736,000
Cost Labor (466,000)
Lease (49,300)
Rent (42,400)
Supplies (32,300)
Tom salary <u> (73,500) </u>
Operating profit 50,500
increase in labor cost 58,800
increase in lease 4,930
supplies increase 3,230
the rent is a fixed cost, it would not change.
Total incremental cost: 66,960
It would need to charge at least 66,960 to break even.
Anyway, Tom should offer their normal fee as this job takes responsabilities and use Tom capacity to attend other client as it would invest time on this store rather than other projects
Answe answer is c I just took the same thing
Answer:
$60,000
Explanation:
Given that
Sale value of the merchandise = $60,000
Credit terms = 2/10, n/30
The cost of the merchandise sold = $45,000
So by considering the above information
The amount which is credited to account receivable is $60,000 as under the gross method the sale is recorded at the actual value of the inventory sold without considering the discount adjustment
