Answer:
• One firm to have left.
• At least one will be suffering.
Explanation:
There are four companies in this scenario which means that demand should at least be 4 times the production for all of them to sell.
With demand at only 2.5 times, at least one company will not be selling enough cars to survive in the industry so they will exist.
Another one will stay but will face tough times because a demand of 2.5 times production will not be enough to Carter or three companies.
Answer:
The correct answer is letter "D": the beginning balance of owner's equity.
Explanation:
The statement of owner's equity reports the changes in a company's capital balance during a certain period. Thus, the transactions that increased or decreased stakeholder's equity is portrayed in this section. In the statement of owner's equity, the income earned during the current period is added to the beginning capital balance and the owner's equity withdrawals are deducted.
<em>The statement of owner's equity shows at its head the Beginning equity balance -initial money invested in the company over a period.</em>
When a tax of $1.00 per gallon is imposed on sellers of gasoline, the supply curve for gasoline shifts upward, but by less than $1.00. A tax on sellers usually causes buyers to pay more for the good and sellers to receive less for the good than they did before the tax was levied.
Answer:
The Journal entry with their narrations is shown below:-
Explanation:
The Journal entry is shown below:-
Cash Dr, $1,200
Notes Receivable Dr, $2,800
To Accounts Receivable -R. Roy $4,000
(Being office supply of Vikram is recorded)
Therefore for recording the office supply we simply debited cash and notes receivable and credited the accounts receivable
Based on the scenario above, Janet can be regarded as an Free-rein learder. Janet has the authority style where subordinates are not straightforwardly managed and rather should work on possess and demonstrate their value through achievements. No particular supervisory criteria must be met.