Southwest airlines is known for hedging management strategy.
What is hedging?
A hedge is a position in the market used to counteract any gains or losses that might be experienced by a companion investment. Stocks, exchange-traded funds, insurance, forward contracts, swaps, options, bets, other over-the-counter and derivative products, futures contracts, and other financial instruments can all be used to create a hedge.
In order to facilitate transparent, standardized, and effective hedging of agricultural commodity prices, public futures markets were created in the 19th century. Since then, they have grown to include futures contracts for hedging the values of energy, precious metals, foreign exchange, and interest rate fluctuations. The concept of hedging involves taking a stake in one market to balance and offset the risk taken by holding a position in a different, opposing market or investment.
To learn more about Hedging visit:
https://brainly.com/question/22282124
#SPJ4
what is a characteristic of a high-context culture? multiple choice workers get right to the task, without the need to socialize during the first 30 minutes at work. workers get right to the task, after they ease into the workday. relationship building is considered a waste of time. relationship building and group trust are considered very important and occur before performing business tasks.
A characteristic of a high-context culture is that relationship building and group trust are considered very important and occur before performing business tasks.
The high-context cultures are said to be more likely to be contemplative, intuitive, and concerned with the collective. Here, the communicators in high-context cultures tend to pay attention to more than the words spoken and they also pay attention to interpersonal relationships, physical settings, non-verbal expressions, and the social settings.
However, before performing business tasks, relationship building and group trust are considered very important and they are said to occur before. Thus, here subtlety and collective understanding rule the day.
Hence, a high-context culture communicates dominantly.
To learn more about a high-context culture here:
https://brainly.com/question/14740278
#SPJ4
calculate by how much will gdp change if firms increase their investment by $8 billion and the mpc is 0.80?
The rise in GDP can be computed as follows given that the increase in investment is $8 billion and MPC is 0.8: As a result, the GDP will grow by $40 billion.
What GDP means?A country's gross domestic product is the most commonly used measure of its size (GDP). GDP can be computed for an entire country, a region (like Tuscany in Italy or Burgundy in France), or perhaps an association of countries (like the European Union) (EU). A gross domestic product measures the total value of the final goods and services produced inside a nation's borders (GDP).
What causes GDP to increase?The number of people who would like to work when the labor market is strong, or their potential labor force, as well as their potential labor productivity together make up their potential GDP growth. Consumption, investment, government spending, exports, and imports are the components used in the expenditures approach to computing GDP.
Briefing:The following formula determines the multiplier:
= 1 / (1 - MPC)
= 1 / ( 1 - 0.8)
= 5
Therefore, the GDP change is:
= 8 billion x 5
= $40 billion
To know more about GDP visit:
https://brainly.com/question/15682765
#SPJ4
suppose that the value of the euro fell from $1.32 on april 30, 2012, to $1.24 on july 5, 2012. this implies that:
Explanation:
the rate of currency decreased from may to july
Interpersonal conflict _________________.
Relationships often experience interpersonal strife. As a result, choice (B) is the adequate answer.
What is interpersonal conflict?Any disagreement between two or more persons might lead to an interpersonal conflict. Differences in objectives, standards, opinions, or access to resources are frequently the root cause of disagreements.
Any situation where individuals are present can lead to interpersonal disputes, including the workplace, the family, the classroom, and interpersonal or professional connections. Fortunately, there are a number of approaches to conflict resolution that allow you to maintain your connection.
Even while it can occasionally be beneficial, fighting can be challenging for many people. Many people try to avoid conflict, defend themselves, or attack.
Hence, option (B) is accurate.
Learn more about interpersonal conflict, from:
brainly.com/question/22554753
#SPJ1
international trade equalizes the opportunity cost of producing any good around the world. group of answer choices true false
The statement is False. International trade equalizes the opportunity cost of producing any good around the world.
Global Exchange is known as the change or alternate of goods and offerings between exceptional international locations. This kind of exchange contributes to and will increase the world economic system.
In simple phrases, international trade can be defined because the trade of products and offerings that takes location among countries throughout national boundaries. Nations who can not produce positive commodities on their personal should purchase from different international locations or change their material to gain commodities.
Learn more about International trade here https://brainly.com/question/15115779
#SPJ4
how does free trade tend to benefit society? multiple select question. it helps businesses succeed by monopolizing their industries. it reduces animosity among nations that trade with each other. it encourages businesses to use low-cost production techniques. it spurs economic growth by encouraging business to innovate.
Countries that are open to international trade tend to grow faster, innovate, improve productivity, and provide their citizens with higher incomes and more opportunities. hence option C and D is correct
What is Free Trade ?Open trade also benefits lower-income households by making goods and services more affordable to them.
Trade is critical to America's prosperity because it fuels economic growth, supports good jobs at home, raises living standards, and allows Americans to provide affordable goods and services for their families.
Free trade agreements do more than just reduce and eliminate tariffs; they also assist in addressing behind-the-border barriers that would otherwise impede the flow of goods and services; encouraging investment; and improving rules governing issues such as intellectual property, e-commerce, and government procurement.
Learn more about Free Trade here
https://brainly.com/question/29889813
# SPJ 1
commercial food service accounts for roughly what percentage of the food service industry?
Commercial food service accounts for roughly 75% of the food service industry
Food service industry
It is the one that carries out all the phases of the food chain and even drinks. In other words, it is in charge of transforming raw materials of animal and vegetable origin into food that will be brought to the market for direct consumption. The main processes of the food industry are the following:
Reception: receives and selects the best quality foods and eliminates those that are not valid for human consumption or that do not meet quality standards.Storage: It refers to keeping food in the best possible conditions so that it can be preserved over time.Prosecution: They are all the procedures to which raw materials are subjected, such as mixing, roasting or packaging.Conversation: It is the phase through which food passes to prolong its useful life and in this way they can reach the final consumer in optimal conditions.Services: They are all the health protocols that supermarkets and similar establishments follow when offering food to their customers. In this phase, the processes followed by restaurants, hotels and other places where the public can directly consume the products also enter.For more about food service industry here https://brainly.com/question/29782179
#SPJ4
assume you own a corporate bond that has a face value of $1,000 and pays 4.9 percent. what is the current yield if the bond is currently selling for $980?
The current yield if the bond is currently selling for $980 is $5.
A corporate bond could be a bond issued by a company so as to boost funding for a range of reasons like to in progress operations, M&A, or to expand business. The term is typically applied to longer-term debt instruments, with maturity of a minimum of one year.
Face value is that the actual price of the digit whereas place price is that the position of a digit during a variety. for instance, the face price of five in five432 is five whereas the place price of 5 is 5000 (five-thousands).
To learn more about corporate bond here
brainly.com/question/14531325
#SPJ4
a system is a set of parts that operate together to achieve a common purpose. multiple choice question. organizational independent interrelated environmental
An organization system is made up of a number of components that work together to accomplish a single goal.
What role does organization have in business?The foundation of a solid financial management program is organization. Balances can go unpaid without warning without a system that records cash flow and keeps track of receivables. Knowing how much money is coming in and going out will help you make the necessary adjustments to cut costs and boost sales. Understanding and effectively managing the business is an organization's primary goal or purpose. The main goal is to unite all the personnel and clarify the organization's direction. Organizations are significant elements of both the social and physical surroundings, and they have a significant impact on the decisions people make, the resources available to them to help them make those decisions, and the elements in the workplace that may have an impact on their health.
To know more about organization visit:
brainly.com/question/4891892
#SPJ4
ssume that the average bitcoin return is 1.5 percent per week, the riskfree rate is 0.05 percent per week, and the average market portfolio return is 0.2 percent per week. we know from class that the capm beta of bitcoin is about 3. does capm account for the bitcoin returns?
The Capital Asset Pricing Model is a contemporary interpretation of financial theories that can be suitable for managing your cryptocurrency investments (CAPM).
This concept extends beyond diversification to control risk and is based on the two main types of investments: systematic and non-systematic. Beta analysis for bitcoin might be cryptocurrency to asset elasticity or market sensitivity. In other words, it's a metric that depicts how an equity instrument compares to the financial market where it's traded. The capital asset pricing model (CAPM) is an idealised representation of how securities are valued in financial markets, which in turn establishes projected returns on capital investments.
To learn more about CAPM, click here.
https://brainly.com/question/29893013
#SPJ4
True or false: A capital gain on a stock is counted as part of the total return whether or not the gain is realized from selling the stock.
True: A capital advantage on a inventory is counted as a part of the overall go back whether or not or now no longer the advantage is found out from promoting the inventory.
The required details for Stocks in given paragraph
A inventory, additionally acknowledged as equity, is a safety that represents the possession of a fragment of the issuing company. Units of inventory are called "shares" which entitles the proprietor to a percentage of the company's assets and earnings identical to how plenty inventory they own. Stocks are sold and bought predominantly on inventory exchanges and are the muse of many person buyers' portfolios. Stock trades need to comply with authorities guidelines supposed to defend buyers from fraudulent practices. A inventory is a shape of safety that shows the holder has proportionate possession within side the issuing company and is bought predominantly on inventory exchanges.
Corporations problem inventory to elevate budget to function their businesses. There are most important kinds of inventory: not unusual place and preferred. Historically, shares have outperformed maximum different investments over the long run.
To know about Stocks click here
https://brainly.com/question/16416503
#SPJ4
when the cost of inventory is rising, which inventory cost flow method will produce the lowest amount of cost of goods sold
When the cost of inventory is rising, which inventory cost flow method will produce the lowest amount of cost of goods sold is FIFO.
FIFO follows the natural glide of inventory (the oldest products are offered first, with accounting going by using the ones charged first). This makes bookkeeping easier with less danger of errors. less waste (an organization in reality following the FIFO approach will usually be shifting out the oldest stock first).
FIFO makes a specialty of the use of up antique inventory first, at the same time as LIFO uses the newest inventory available. LIFO helps preserve tax bills down, but FIFO is plenty less complex and easier to paint with. however, it's far all down to the organization you own as to what technique you pick.
Learn more about FIFO here https://brainly.com/question/17531223
#SPJ4
_____ is the name of an approach to building applications and services specifically for a cloud computing environment.
Cloud native is the name of an approach to building applications and services specifically for a cloud computing environment.
What are cloud computing environments?Over the internet, computer services are delivered using cloud computing. Web-based applications, data processing, storage, and other services are available to small businesses on demand. Infrastructure as a service, platform as a service, and software as a service are some of the services offered by cloud computing. A group of hosted servers and the programs they house that are accessed online together are referred to as the "cloud."
The practice of offering consumers computing services through the cloud is known as cloud computing. These include platforms, infrastructure, and/or software. Because it enables businesses to scale, preserve flexibility, and concentrate their attention on business operations rather than managing complex IT infrastructure, cloud computing is crucial for the industry.
To learn more about business operations, visit:
https://brainly.com/question/24142702
#SPJ1
The tendency for higher government budget deficits to decrease investment is called the.
The tendency for higher government budget deficits to decrease investment is called the crowding-out effect. Thus option B is correct.
What is government?A government refers to an administrative sytem developed to maintain the functioning of any country by maintaining peace and order by implementing laws and legislation of the constitution and providing better facilities to its citizens.
When a government borrows money, they are in competition with everyone else in the economy for the limited amount of accessible savings which is called Crowding out. This effect asserts that declining private-sector spending results from growing governmental sector spending.
Therefore, option B is appropriate.
Learn more about Government, here:
https://brainly.com/question/16940043
#SPJ1
The complete question is Probably
4) The tendency for a government budget deficit to decrease investment is called the
A) government dissaving effect.
B) crowding-out effect.
C) Ricardo-Barro effect.
D) capital investment effect.
E) deficit effect.
information in data warehouses and data marts generally are ____, which means they are organized by business dimensions, which are subjects such as product, geographic area, and time period.
a. time variant
b. integrated
c. nonvolatile
d. multidimensional
Information in data warehouses and data marts generally are multidimensional, which means they are organized by business dimensions, which are subjects such as product, geographic area, and time period. The Option D is correct.
What is data warehouses and data mart?A data warehouse is a large collection of historical data that supports decision making in an organization. A data mart is a smaller subset of a data warehouse that focuses on a specific topic or department.
A multidimensional data model allows users to view and analyze data from different perspectives and levels of detail. For example, a user can query the sales data by product, region, and month, or drill down to see the sales data by product, city, and day.
A multidimensional data model is often represented by a cube or a hypercube, where each dimension is a side or an axis of the cube. Each dimension can have multiple attributes or levels of hierarchy. For example, the product dimension can have attributes such as category, subcategory, and name. The data values are stored in the cells of the cube, which can be aggregated or disaggregated along the dimensions.
Some benefits of a multidimensional data model are:
It is intuitive and easy to understand for business users, as it reflects the way they think and talk about their data.It supports complex and ad hoc queries, as it allows users to slice and dice the data along any dimension or combination of dimensions.It improves query performance, as it precomputes and stores the summary data for each possible combination of dimensions, reducing the need to scan large tables.Some examples of multidimensional data models are:
Star schema: A star schema consists of a fact table and multiple dimension tables. The fact table contains the measures or metrics of the business process, such as sales amount or quantity. The dimension tables contain the descriptive attributes of the dimensions, such as product name or region name. The fact table and the dimension tables are linked by foreign keys, forming a star-like structure.Snowflake schema: A snowflake schema is a variation of the star schema, where some of the dimension tables are normalized into multiple tables. This reduces data redundancy and storage space, but increases the complexity and number of joins in the queries.OLAP cube: An OLAP (online analytical processing) cube is a data structure that stores the precomputed summary data for a multidimensional data model. An OLAP cube can be created from a star or snowflake schema, or from other sources of data. An OLAP cube allows users to perform fast and interactive analysis on the data, using operations such as roll-up, drill-down, slice, dice, and pivot."Read more about multidimensional data
brainly.com/question/29038436
#SPJ4
true or false: the fed is composed of 12 regional banks and is governed by a seven member board of governors and one appointed director.
It is true that the Federal Reserved Bank is composed of 12 regional banks and is governed by a seven member board of governors and one appointed director.
What is the Federal Reserved Bank?A Federal Reserve Bank is a regional branch of the Federal Reserve Institution, which oversees the nation's monetary policy. There are a total of twelve, or one for each of the twelve Federal Reserve Districts created by the Federal Reserve Act of 1913.
The Federal Reserve Bank is in charge of supervising and regulating banks and other key financial institutions in order to maintain the security and stability of the nation's banking and financial system and to protect consumers' rights to credit.
Learn more about federal reserve bank here: https://brainly.com/question/10895688
#SPJ1
cpi-u in 1970 was 38.8. cpi-u in 1980 was 82.4. cpi-u in 1990 was 130.7 what is the percentage change in price level from 1970 to 1990?
The percentage change in the price level from 1970 to 1990 is 237%.
CPI stands for the Consumer Price Index, which is an economic measure of changes in the prices of goods and services purchased by households. The CPI is used to calculate inflation and is closely watched by governments, businesses, and consumers.
Calculate the difference in price level between 1970 and 1990:
130.7 - 38.8 = 91.9
Divide the difference by the price level in 1970:
91.9 / 38.8 = 2.37
Convert to a percentage:
2.37 x 100 = 237%
For more questions like CPI click the link below:
https://brainly.com/question/8496466
#SPJ4
question content area principal components of a master budget include a.sales budget b.production budget
The production budget, sales budget, and capital expenditures budget are the three main components of a master budget. Hence, both are correct.
What is included in a production budget?The word "production budget" is used particularly in film production and, more broadly, in business.
A "film production budget" specifies how much money will be spent on the whole film project. This entails identifying and calculating the ingredients for each phase of filmmaking (development, pre-production, production, post-production, and distribution). Normally, the budget structure divides "above-the-line" and "below-the-line" expenditures.
In business, a "production budget" refers to a corporation's budget for the number of units of a product that will be required and produced; see also demand forecasting, capacity planning, Revenue management Forecasting, and financial forecasting in general.
To learn more about production budget, click
https://brainly.com/question/18803390
#SPJ4
the united states recently imposed a tax on coconuts in order to raise money to be used for government spending. the tax can best be described as
Recently, the United States levied a tax on coconuts to generate revenue for government spending. The best way to explain the tax is as a revenue tax.
What is revenue tax?The majority of the government's revenue comes from taxes. Taxes, which are imposed on people and businesses without their consent to fund governmental operations, are the government's main source of income. There are two different sorts of revenue receipts: tax revenue and non-tax revenue. Tax revenue is the money the government receives by collecting taxes.The Receipt Budget, which is a component of the Union Budget's Annual Financial Statement, includes tax income.The outcome of applying a tax rate to a tax base is tax revenue. The proportion of GDP attributable to total tax revenue shows how much of the nation's output is taken in via taxes. One indicator of how much the government has resource control over the economy is tax revenue.The government's tax revenue comes from both direct and indirect taxes. It consists of receipts from taxes such as income tax, corporate tax, customs, wealth tax, and tax on land revenue, among others.The tax that is paid directly to the government by the individual or business it is imposed is known as a direct tax. Direct taxes include things like income tax, wealth tax, corporate tax, and property tax. Indirect taxes are those that are collected from people and businesses who suffer the cost of the tax and given to the government by middlemen. Indirect taxes include, for instance, the Goods and Services Tax (GST). A significant portion of the government's tax revenue comes from corporation tax.
To learn more about Direct taxes refer https://brainly.com/question/10333052
#SPJ4
Which statement best describes geocentric managers?
We know best, and we should follow our customs.
What's best is what's effective, regardless of origin.
They know best, and we should follow their customs.
The statement best describes geocentric managers is What's best is what's effective, regardless of origin.
Option B is correct.
What is an example of a geocentric approach?Adopting a geocentric approach requires a global perspective on recruitment. For example, if a position becomes vacant in the host or home country, the hiring team can:Before using a local job board, first place an ad on the global job board and clearly state the location of the job.
What is Geocentric Culture?Global corporate culture. This culture transcends the diverse national cultures that our employees bring with them, creating beliefs and values that are clear, relevant, and desirable for all employees, regardless of nationality, occupation, education, politics, or other background. should be promoted.
Learn more about Geocentric manager:
brainly.com/question/13342996
#SPJ4
travel substitution, transportation optimization, and environmental control systems are are aspecs of what level of environmental sustainability?
Decarbonizing transportation aims to reduce, mitigate, and even eliminate carbon emissions by adapting transportation infrastructures, conveyances.
Sustainable transportation refers to low- and zero-emission, energy-efficient, affordable modes of transport, including electric and alternative-fuel vehicles, as well as domestic fuels. The benefits of sustainable transportation in the United States include: Cost savings on fuel and vehicles.
Sustainable transport includes public transportation, such as electric buses and trains and BRT systems that can carry people far more efficiently than cars. Notably, while electric cars pollute less and reduce individual carbon footprints, they do not reduce congestion.
To learn more about Sustainable transportation visit:https://brainly.com/question/29565652
#SPJ4
marketers acknowledge a broader conception of product; they realize that people buy want satisfaction. using this broad concept, a television set is a(n):
Marketers recognize a broader concept of product; they understand that people buy to be satisfied. A television set, in this broad sense, is a method of providing entertainment.
What exactly can a marketer do?
A marketing expert is one who encourages the goods and services offered by a company. They devise strategies to increase revenue and sales while ensuring that these strategies are in line with customer needs and market demand.
What are marketers' abilities?
There are six place of work skills in marketing that you should grow and polish up throughout your career.
Creativity.Research.Listening.Communication.Critical and analytical thinking abilities.Collaboration.To know more about Marketers visit:
https://brainly.com/question/13414268
#SPJ4
about 30% of the united states land mass is used to grow corn. explain the role that government policy plays in making corn such a dominant crop.
Processing of corn results in industrial food. Corn is bought by large food firms at government-subsidized prices (because the government is lobbied by those companies.)
Why does the government subsidize corn?Agriculture receives financial assistance from the government in the form of agricultural subsidies, which helps farmers face less risks from the elements, commodities traders, and fluctuations in demand. They have, nevertheless, developed to be highly sophisticated. The only producers that can benefit from agriculture subsidies are the big ones.The Great Depression and the Dust Bowl further made matters worse as the oversupply drove maize prices to such low levels that they were practically worthless. In order to stabilize the shifting prices, the federal government then decided to put a subsidy on corn.Governmental payments made to farmers and agribusinesses for the purpose of boosting their income, controlling the flow of agricultural products, and affecting the price and availability of these products are referred to as agricultural subsidies.To Learn more About Corn refer to:
https://brainly.com/question/397421
#SPJ4
You are researching buying your first car and have found the following information. Use the information below to calculate how much owning the car will cost you over 5 years. (Note: Not all information is useful/needed)
• Purchase Price: $20,000
• 4--Year Auto Loan payment: $450
per month
• Depreciation: 10% of the original price each year
• Checkups/Oil changes: $100 per year
• 5-year Average Repair Costs:
$3,000
• Insurance: $1,200 per year
• Gas cost: $3,000 per year
Using mathematical operations, the total cost of owning the car will be $46,100 over its 5-year life.
How is the total cost determined?The total cost is the sum of the different costs associated with the ownership of the car over its 5-year period.
Some costs, like gasoline, checkups/oil changes, and insurance are multiplied by 5 years while others were not.
Auto loan repayment per month = $450
Period of auto loan repayment = 48 months (4 years x 12)
Auto loan repayment for 4 years = $21,600 ($450 x 48 months)
Checkups/Oil changes = $500 ($100 x 5 years)
5-year Average Repair Costs = $3,000
Insurance = $6,000 ($1,200 x 5 years)
Gas cost - $ 15,000 ($3,000 x 5 years)
Total cost = $46,100
Thus, we can use mathematical operations (multiplication and addition) to determine the total cost of the car over 5 years.
Learn more about mathematical operations https://brainly.com/question/20628271
#SPJ1
Which of the following is NOT a factor that is used to measure the health of the economy?
A. Unemployment rate
B. Gross Domestic Products (GDP)
C. Inflation
D. Consumer Price Index (CPI)
corporations may either sell stock directly to the stockholders or use the service of an underwriter.
Corporations may either sell stock directly to the stockholders or use the service of an underwriter is a true statement.
Why is stockholders' equity important?
The amount that a company's owners have put into their enterprise is known as shareholders' equity. This includes the funds they have personally invested as well as the total amount of earnings that have been reinvested by the business since its inception.
Corporations have two options for selling stock: they can go through an underwriter or sell shares directly to stockholders. The last line before Total Stockholders' Equity should be Treasury Stock or Accumulated Other Comprehensive Income.
Therefore, stockholders' equity is the number of assets left over after deducting all liabilities from all assets.
Learn more about stockholders from the given link.
https://brainly.com/question/18523103
#SPJ4
a small college employs two economists. rob has been employed by the college for 15 years and nasrin has been employed for one year. rob's salary is significantly higher than nasrin's, despite the fact that they both have doctoral degrees in economics. each professor averages one publication per year and both are excellent teachers. given this information, the wage difference is best explained by:
Given this knowledge, differences in human capital provide the best explanation for the salary gap.
What relationship exists between human capital and wages?There are a number of theories that explain why salaries increase throughout the course of a person's career, but the most frequently accepted one is that investments in human capital, particularly those spent in job training, are what ultimately lead to wage increases.
What underlying hypothesis explains the discrepancy between worker salaries and human capital?The human capital hypothesis asserts that the higher a worker's endowment in human capital, the better the salary she will receive, assuming that education and experience—the two traditional components of an individual's human capital—have a positive impact on productivity.
Learn more about human capital: https://brainly.com/question/28244215
#SPJ4
every unit of good x that is produced in the united states is exported to other countries. an increase in the price of good x shows up in:
Every unit of good x that is produced in the United States has been exported to other countries. an increase in the price of good x shows up in the GDP deflator, but not in the consumer price index.
Gross Domestic Product (GDP) is a degree of the overall financial interest in a given USA or place, usually measured in phrases of the marketplace fee of all goods and services produced inside a rustic or place in a given time period, usually a year. it's miles the most commonplace measure of the scale of an economy and is used to compare the financial performance of various nations.
GDP is often used as an indicator of a rustic's economic health. with the aid of searching at a rustic's GDP, economists can get a feel of the way well a country's financial system is doing, in addition to its residents' popularity of residing. it's also used as a measure of the general length of an economic system relative to different international locations. GDP may be used to degree the relative monetary performance of different international locations or areas and can be used to evaluate the financial overall performance of different nations over the years.
To learn more about GDP visit here:
brainly.com/question/15682765
#SPJ4
High quality products marketed to high income individuals A) Economy Pricing B) Bundle Pricing C) Market Penetration D) Price skimming E) Premium pricing
cantrell company is required by law to collect and remit sales taxes to the state. if cantrell has $5,500 of cash sales that are subject to an 8% sales tax, what is the journal entry to record the cash sales?
Debit Cash $5940 ; Credit Sale $5500 ; credit Sales Taxes Payable $440.
What is cash sales?Debit your Cash account and credit your Sales Revenue and Sales Tax Payable accounts to record the sales tax that you have received from clients. You can go back and undo your first journal entry once the sales tax has been paid to the government. To achieve this, debit your Sales Tax Payable account and credit your Cash account.
The entry for a cash sale is [debit] Cash. Since the customer pays cash at the moment of sale, cash is increased.
In a cash sale, the buyer pays for the goods or services right away. Payment is made right away in a cash transaction. It doesn't matter how the customer pays, as long as money is transferred. Cash is one possibility.
Therefore, the journal entry to record the cash sales is Debit Cash $5940 ; Credit Sale $5500 ; credit Sales Taxes Payable $440.
To learn more about cash sales refer to:
https://brainly.com/question/14279491
#SPJ4