Since the transaction was on account basis, the journal entry will be:
debit accounts receivable for $625
credit sales $625
the account title accounts receivable was used because the debtor didn't pay for the merchandise and the sales account was used because the company gain income from that transaction.
Answer:
Tammi's liability is d. limited to her investment in the stock.
Explanation:
Since Tammi has purchased a stock in a corporation, one of the fundamental property of a corporate is that the stock-holders of the corporation have a limited liability meaning shareholders are only legally responsible for the debts of a company only to the extent of their investment in the company.
So Tammi's liability is limited to her investment in the stock of Vivaldi Corporation.
Reduce interest rates to make it easier for businesses to obtain new loans and expand commerce.
Also, create tax inventives for desired business that would benefit say a nation that is on a coastal waterway. Offerring a reduction in taxes paid by corporations that import and export goods and services. This attracting more business.
Answer:
Hicks Health Clubs, Inc. earnings after taxes will change by minus $10,800 if they choose the more aggressive financing plan instead of the more conservative plan.
Explanation:
Note: I experienced a difficulty submitting the explanation here. Kindly find attached the full answer and explanation in the attached Microsoft word document.
The answer is 15. Hope this helps!
