Answer:
d. Debit Cost of Goods Sold $500.
c. Credit Merchandise Inventory $500.
Explanation:
The journal entry to record the cost of the sale is shown below:
Cost of Goods Sold $500
To Merchandise inventory $500
(To record the cost of the sale)
Here the cost of goods sold is debited as it increased the expenses and credited the merchandise inventory as it reduced the assets
Answer:
c.relinquish
Explanation:
-Reap means to receive a compensation.
-Harvest means to collect or gather something.
-Relinquish means to voluntarily give control of something to someone else.
-Co-opt means to accept someone in a group by decision of the other members.
According to this, Ned intends to relinquish his business because his plan was to give the control of the company to someone else by selling it so it could be taken to the next level.
In general, real estate taxes are divided between the buyer and seller based on the number of days each party held (or will hold) the property during the tax year.
<h3>
What is Property tax?</h3>
- Real estate taxes and property taxes are the same things.
- They are levied on the majority of properties in the United States and paid to state and local governments.
- Property taxes (or real property taxes) generate funds that are generally used to help pay for state and local services.
- In general, real estate taxes are divided between the buyer and seller based on the number of days each party held (or will hold) the property during the tax year.
- Investors can defer taxation by selling a property investment and using the proceeds to buy another property in a 1031-like-kind exchange.
- Landowners can borrow against their current property's equity to make other investments.
Therefore, generally, real estate taxes for a tax year are divided between the buyer and the seller based on the number of days each party held (or will hold) the property.
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Answer: Let the manager know that a takeover is possible if he or she doesn’t perform well.
Explanation:
Agency problems refer to when managers take actions that benefit them instead of the shareholders of the company.
There are quite some ways to reduce the incidence of this happening and one of those is to let the manager know that a takeover is possible if they do not perform well.
Managers do not particularly like takeovers because the new owners of the company tend to get rid of the company's management who will be viewed as the reason for the company's failure or lack of growth. This will also impart on their reputations as good managers.
Answer: fall; rise
Explanation:
The real interest rate is the rate of interest that is received by an investor, lender or after inflation has been taken into consideration.
The real interest rate is when the inflation rate is deducted from the nominal interest rate. A reduction in the domestic real interest rate would cause a fall in net exports and a rise in the exchange rate.
