The retailer was asking the designers to agree to <u>Exclusive distribution</u>.
<u>Explanation:</u>
Exclusive distribution is characterized as the arrangement under which a participant is a supplier and provider. It specifies that the seller can not offer their service or item to some other group. It attaches the contract that the commodity must be distributed to an exclusive seller. The retailer asks developers for exclusive supply as per the situation specified in the discussion. Retailer does not want the jewelry design to be sold to any other outlet or retailer for successful sale. Thus agreement on this matter is suggested by the retailer.
Answer:
(B) $205,000
Explanation:
Retained earnings at December 31, were $145.000, with the Net Income for 2018 of $90.000 the total amount of Retained earnings up to $235.000, but as the company has paid dividends for $30.000, it means a cash out of $30.000.
So the new balance in the Retained Earnings Account it's $205.000
Advertisements, discount offer,sales,
Answer:
Dr Cash900
Cr Land900
Dr.Equipment 900
Cr Cash 900
Explanation:
Simpson Company Journal entries required to correct the error that occured, in which expenditure was credited to Cash, but was debited to Land instead of Equipment.
Dr Cash900
Cr Land 900
To reverse erroneous entry
Dr.Equipment900
Cr Cash 900
To record correct entry