Answer:
Debit: Accounts Receivable 707,350
Credit: Sales Revenue 658,000
Credit: Sales taxes payable ([6% + 1.5%] × $658,000) = $49,350
Explanation:
Answer:
The correct answer to the following question is option B) both statements i and ii are correct.
Explanation:
First of all the marginal product can be defined as the additional unit of product that a business can produce by using additional unit of input. And marginal revenue product refers to the change that occurs in the total revenue due to the production of additional unit of product.
Any competitive firm would hire additional workers only when the MRPL (marginal revenue product of labor) is greater than the wages paid to that labor and additional cost incurred in hiring those workers and they would stop hiring the workers when the MRPL is equal to the cost paid to the workers.
To complete the statement above, research indicates that the
efficiencies of managing through centralized control may be ‘greater’ when
operating the environments of divisions in multidivisional organizations are
relatively ‘stable and predictable’. It is because when there is a presence of
stable and predictable in operating the environments of division in
multidivisional organization, there will likely be a result of their managing
to be more effective because it is not destructive but stable.
The answer is A. The owner has a lot of his own money invested in the business.
