Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $5,200
To Sales revenue A/c $5,000
To Sales tax payable A/c $200
(Being the cash is collected in respect of sales and sales tax)
Since the cash is collected so we debited the cash accounts and the sale is made. Along with it, the sale tax is also collected so these two accounts are credited.
Bigness in industry is resulted because of the working of the economic laws and increase in the efficiency.
<u>Explanation:</u>
Bigness in industry means that the size of the industries has grown in the economy. The production has been increased, the quality and the quantity of the production has gone up.
The bigness in industry somewhat harmed the economy because the way the employees were dealt by the employers was not very fair. There was damage done to the environment also because of the increase in the production by the industries. So bigness in industry was bad.
Answer:
B) Unrealized Holding Gain or Loss-Income. 300,000
Notes Receivable 300,000
Explanation:
December 31, 2017 realized losses:
- Dr Unrealized Holding Gain or Loss―Income 300,000
- Cr Notes Receivable 300,000
Since the carrying value of the notes receivable was $300,000 higher than their fair market value, it means that the company will lose money.
Since the company is losing money, it should debit the Unrealized Holding Gain or Loss―Income account. Gains are credited and losses are debited.
condition where different economic firms seek to obtain a share of a limited good by varying the elements of the marketing mix: price, product, promotion and place.
Answer: strikebreakers.
Explanation:
Strikebreakers are the people who are employed by an organization in place of the employees who are on strike. Strikebreakers make the strike ineffectual as they perform the work of the employees who have gone on strike.
Strikebreaker work even though there's ongoing strike. Strikebreakers are usually not employed by the firm before the trade union dispute, but are employed during or after the strike to keep the organization running.