Answer:
Debit cash $3,390
Credit sales revenue $210
Cales tax payable $3,180
Explanation:
Preparation of the journal entry to record the information given.
Journal entry
Debit cash $3,390
($3,180+$210)
Credit sales revenue $210
Cales tax payable $3,180
Certificates of deposit exist as funds that the bank keeps on hand that exists not loaned out or invested in bonds.
<h3>What are certificates of deposits?</h3>
Unsecured negotiable promissory notes, or certificates of deposit (CDs), are frequently issued by commercial banks and other financial organizations.
A certificate of deposit (CD) is a type of savings account where the issuing bank pays interest in exchange for holding a specified sum of money for a predetermined length of time, such as six months, a year, or five years. You will receive the amount you initially invested plus any interest when you cash in or redeem your CD.
Bonds and certificates of deposit (CDs) are comparable but not the same. Both of these securities are fixed-income investments that the holder keeps until the due dates. Investors invest money in bonds or CDs for a predetermined amount of time, and when that time expires, they receive their money back.
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Germaine is operating in a perfectly competitive market. As there are many competing florists, each selling somewhat unique floral arrangements, earning zero economic profits in the long run.
<h3>What is perfectly competitive market?</h3>
Perfectly competitive market is considered when all the competitors have same items and has no influence on pricing, and companies can enter and exit the market at any moment.
The market without restriction, customers have perfect or complete information, and companies are unable to set prices, according to economic theory.
Thus, the situation is of perfectly competitive market.
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Answer:
e. $111,000
Explanation:
Absorption costing income for year 3 = Income under variable costing - {Beginning inventory (units) * Fixed manufacturing overhead per unit} + {Ending inventory (units) * Fixed manufacturing overhead per unit}
Absorption costing income for year 3 = 115,000 - (500*8) + (0*8)
= 115,000 - 4,000 + 0
= $111,000
Answer:
Holacracy
Explanation:
According to my research on different organizational structures, I can say that based on the information provided within the question the type of structure being used is called a Holacracy. Like mentioned in the question this is a method which focuses on self-organizing teams who each have authority within the company, while at the same time ditching traditional management hierarchy's. Which is exactly what Tiffany's Tea has implemented.
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