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natali 33 [55]
2 years ago
11

The business owner used $25000 from their personal savings account to but common stock in their company. what would be the journ

al entry?
cash debit cash 25000?
common stock credit common stock 25000?
Business
1 answer:
irina1246 [14]2 years ago
7 0

The accounting entry is to Credit Cash for 25000 and Debit Common Stock for 25,000

<h3 /><h3>What is journal entry?</h3>

Journal entry shows how a business financial transactions are being recorded.

Typically, when cash is withdrawn from a business or personal account, the accounting entry is to credit the cash account.

Hence, the accounting entry is to Credit Cash for 25,000 and Debit Common Stock for 25.000.

Learn more about journal entry here : brainly.com/question/14279491

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At Seven Cycles, customers can arrange for a custom-made bike to fit their specifications, which is an example of ,how electroni
kakasveta [241]

Answer:

The correct answer is letter "B": form utility.

Explanation:

Utility refers to the satisfaction perceived by individuals at the moment of consuming a good or service. Economic utility can take four (4) different forms: <em>form, time, place, </em>and <em>possession</em>. Form utility refers to how good the product meets customers' expectations. Tailored goods represent form utility since personalized features are included in the final output.

Therefore, <em>a shop offering custom-made motorcycles is an example of form utility.</em>

5 0
3 years ago
Suppose gdp falls in the united states, but it doesn't fall in bahrain. what is the short-run impact of this change in gdp on th
VikaD [51]

Following short run impacts will be there when United States GDP falls and Bahrain GDP does not.

The value of the US dollar will depreciate: US dollar will depreciate relative to Bahrain dinar.

The value of the Bahrain dinar will appreciate: Bahrain dinar will appreciate relative to US dollar.

The exports of United States will increase: Exports will increase because US products will become cheaper because of fall in value of US dollar.


7 0
3 years ago
Portland Sardines produced $14 million worth of cans of sardines. In producing these cans of sardines, it purchased $2 million d
Rudiy27

Answer:

$12 million

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

contribution to GDP = value of final good - value of intermediate good

14 = 2 = 12

7 0
3 years ago
Based on the following information, calculate net income for Dana's Dress Shop using the traditional format. Sales $360,000 Gros
stich3 [128]

Answer:

$80,000

Explanation:

Calculation for the net income for Dana's Dress Shop using the traditional format

NET INCOME USING TRADITIONAL FORMAT

Using this formula

NET INCOME=Gross Margin -Total Selling & Administrative Expenses

Where,

Gross Margin =$140,000

Total Selling & Administrative Expenses=$60,000

Let plug in the formula

NET INCOME=$140,000-$60,000

NET INCOME=$80,000

Therefore the NET INCOME will be $80,000.

7 0
3 years ago
Do you think that setting business objectives for S and S blooms will make sure that the business is successful?Justify your ans
notsponge [240]

Improved Leadership will make sure that the business is successful.

Companies set goals and goals that help them make decisions. This allows the company to determine the main focus. Intentions and goals also indicate the direction the company wants to take, as well as key stakeholders such as investors and employees. This makes them more likely to support new projects.

Improved Leadership

With clear goals, organizational leaders can plan and direct new sales teams to see what they are working on. This kind of clarity also helps improve communication within the team, as everyone is on the same page.

“One thing that successful companies have in common is a strong interest in their customers,” said John Stephenson, marketing specialist at My GREExam Preparation. “They are creating a culture that focuses on customers and aligns processes, products, and services to the needs of their services.

Learn more about business objectives at

brainly.com/question/25754149

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8 0
2 years ago
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