This answer is true, because merchandisers design window displays, t shirts, and all kinds of stuff
Answer:
c. Dec. 31Fees Earned750 Rent Revenue175 Income Summary925
Explanation:
The journal entry to record the closing of Fees earned and rent revenue is given below:
On Dec 31
Fees earned $750
Rent revenue $175
To Income summary $925
(Being the revenues and fees earned is closed)
For recording this we debited the fees earned and rent revenue and credited the income summary so that the correct recording and posting could be done
Therefore the total amount of $925 is credited to income summary
The correct answer would be option A, you will simply have to pay some penalty fees.
If you fail to pay your annual taxes, you will simply have to pay some penalty fees.
Explanation:
People who earn income in a country are liable to pay a certain amount from their income as taxes to the government for enjoying the services given by the government to the citizens.
If you have filed for your taxes and then you are unable to pay them, then the Internal Revenue Service will charge you a failure to pay penalty. You will have to submit the penalty fee along with the taxed amount as soon as possible.
Learn more about Purpose of Taxation at:
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Answer:
a. advertising
Explanation:
Advertising: It is a creative marketing strategy to promote product and service by using paid communication channel. It help to spread awareness to the target audience. This technique is used to aware public about product, social cause, scheme or government policies.
There are three primary objective of advertising:
Advertising follow the AIDA model, which states awareness leads to Interests which lead to Desire and finally lead to Action.
Answer:B. $700 of new reserves.
Explanation: Reserve ratio is the percentages of bank deposits which commercial banks must keep with them and not lend out, this is done by central bank in order to control inflation, interest rates etc
In ordinary terms reserve ratio is the percentage amount that is kept aside for future endeavours. Reserve ratio is very good to protect an organisation or a country during trying times.
A higher reserve ratio will reduce money lending rate and make commercial banks have less amounts to lend out.
If the reserve ratio is 12.5%, the dollar value of the amount that can be reserved from $5600.
The formula is as follows,the reserve ratio divided by one hundred multiplied by the amount. The reserve in Dollar value will be
Equal to (12.5%/100)*$5600= $700.
