Answer:
immediate suggestions, which can be added as online It's a fundamental part of our training were trying to sterilize their masks by spraying them with lysol spray!
Answer:
Option (b) is correct.
Explanation:
Sale value of the merchandise = $74,900
Sales tax liability = $74,900 × (7% ÷ 107%)
= $4,900
Sale value prior to sales tax = $74,900 - $4,900
= $70,000
Sales tax @7% on $70,000 = $4,900
Hope the above calculation will clear the concept since the question clearly mention that
Calhoun Crockery sold merchandise; the total proceeds collected, including a 7% sales tax, amounted to $74,900.
This $74,900 includes 7% tax also it means that the collected proceed is 100% + 7% = 107%
which includes 7% tax liability.
Answer:
You need to deduct $450 from the company's cash balance. Since the check was received from a client, it covered an accounts receivable, so the adjusting entry should be as follows:
XX/YY, adjusting entry to reconcile checking account:
Dr Accounts receivable 450
Cr Cash 450
Accounts receivable and cash both have debit balances, and since you want to increase accounts receivable you must debit it, while you must credit cash in order to decrease it.
Explanation:
I think A. Because it is the only safe way to protect yourself even in the credit card company people might steal your identity and they dont know. So I say A
Answer:C. full efficiency in this market could be achieved even without reallocating workers between the two markets.
Explanation:
The marginal product of labour is the additional value that will be gained from production from employment of additional labour. The Entrepreneur will be willing to employ additional labour if the wages is lower than the marginal productivity and efficiency will only be achieved at that point.
Moving the labour from to market will not achieved efficiency in either market, for the wage rate is higher than the marginal product of labour in both market.
Increasing wage rate will reduce the efficiency and there is need to increase efficiency by making the marginal product of labour to be higher than labour rate.
