The Fed sells $5 billion worth of T-bonds on the open market.
Land and equipment are considered as fixed assets. As such, Julia should enter the two in long term fixed assets column and list their current values.
Short term assets
Long term fixed assets
Gross value of building
- Total depreciation value.
Over time though, she should carry out valuation to have a true picture of how the land has appreciated in value.
Explanation:
The journal entry is as follows:
Sales A/c Dr $900
To Customer refund payable A/c $900
(Being the refund is recorded)
For recording this given entry, we debited the sales account and credited the customer refund payable account so that the proper positing could be done. Both the accounts are recorded at $900
Answer:
goods (like foods or necessities)
Explanation:
Answer:
OLIGOPOLY
Explanation:
If Reality, Inc. is a major producer of reality television shows and the company faces fierce competition from three other major producers of similar shows. If together, Reality, Inc. and its three rivals control almost all of reality television. Their market environment is called Oligopoly
Oligopoly can be defined as a market environment or structure where a small number of firms control the market; none of which can keep the others from having significant market share or influence.
It can also be said that Oligopoly is a collusion of a small number of firms, either explicitly or tacitly, to fix prices or control quantity supplied, in order to achieve above normal market returns.