Answer:
A.Earns net income by buying and selling merchandise.
Explanation:
Merchandiser is a organization or individual which supplies and promotes products to the consumers. Merchandisers buy the merchandise from manufacturer and display it on their place to sale it. The Net value of Purchase price and Selling price is their return. So, They earn the net income from buying and selling of product.
Answer:
The total amount of credits for the trial balance will be $31,750, which includes: Accounts Payable of $9,000, Revenue of $8,000, Common Stock of $10,250, and Notes Payable of $4,500.
Explanation:
These four accounts normally have credit balances in the general ledger. Since they are the only ones in this example, they will be reflected also on the credit side of the trial balance with their given amounts.
The other accounts listed in the example normally have debit balances in the general ledger and are reflected on the debit side of the trial balance. These also have a total of $31,750 when they are added up.
Answer: The scenario exemplifies <em><u>simplification.</u></em>
Explanation:
Simplification is a process used to make something easier to understand. It can also be used to help something more simple to learn and also to easier to do.
With this scenario, the manager is interacting the exact same way as they always do no matter where they are located. This is helpful because the manager does not need to learn or remember to change the way they act when meeting someone new in business.
Answer:
Greenfield venture.
Explanation:
Greenfield venture is basically a form of strategy for market entry of a new whole owned subsidiary in a complete new country.
Answer:
B) Luis must report $80,000 of income on his return.
Explanation:
Shareholders of C corporations are not required to report the profits of the corporation in their adjusted gross income. They must report the amount of money they receive as dividends or in this case money withdrawals. The advantage that Eduardo has over Luis is that Luis will be subject to double taxation, since the company must pay corporate taxes and he must also pay personal income taxes.
