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slava [35]
3 years ago
9

Nathan Long is entering into a partnership with Terri. Nathan is investing $2,000 in cash and equipment currently on Nathan’s bo

oks at $6,000, with an accumulated depreciation of $1,000. The equipment has a fair market value of $4,000. The entry to record Nathan’s investment should be which of the following?
A. Debit Cash $2,000; debit Equipment $6,000; credit Accumulated Depreciation $1,000; credit Nathan’s Capital $7,000
B. Debit Cash $2,000; debit Equipment $6,000; credit Accumulated Depreciation $2,000; credit Nathan’s Capital $6,000
C. Debit Nathan’s Capital $6,000; debit Accumulated Depreciation $2,000; credit Cash $2,000; credit Equipment $6,000
D. Debit Cash $2,000; debit Equipment $4,000; credit Nathan’s Capital $6,000
Business
1 answer:
horsena [70]3 years ago
8 0
The answer is

D. Debit Cash $2,000; debit Equipment $4,000; credit Nathan’s Capital $6,000
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Kodak possesses the leading imaging technology. This technology has allowed the company to differentiate its products from those
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Answer:

The correct option is C

Explanation:

Distinctive competency is the competency which is unique or differentiate to the business firm or organization. It is a competency superior in aspect rather than the competencies of other firms, that enables the production of the unique value proposition in the business function.

So, Kodak posses the technology of leading imaging and this technology allow the company to differentiate its products from rivals. Therefore, this technology of Kodak is distinctive competency.

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3 years ago
A recession is____.<br> Consecutive periods of deflation<br> Apex Financial Literacy
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A recession is when the inflation rate is low.. prices are falling dramatically in the market

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3 years ago
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Pat shopped at Target for new summer shorts. After trying on three different brands and price comparing, he decided to buy the D
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Answer:

Shopping and convenience

Explanation:

Pat shopped at Target for new summer shorts. After trying on three different brands and price comparing, he decided to buy the Dockers shorts. While heading to the checkout stand, he spotted earphones hanging on the endcap of the electronics area. Remembering he needed new earbuds for his iPod, he grabbed a set and paid for it all at the checkout counter. What types of product categories did Pat experience in this shopping trip

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Shopping products are types of products categories in which a consumer takes his or her time to deliberate, research, compared on a product before they decided to buy the said product while convenience product is one that required no deliberation, the are usually routine products.

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3 years ago
Lynn Ally, owner of a local Subway shop, loaned $40,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Ly
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Answer:

Lynn will receive $63,754 at the end of 8 years.

Explanation:

Future value is the sum of value of principal invested and compounded return received over the investment period.

Using following formula of future value to calculate the required interest rate.

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FV  = $40,000 x ( 1 + 6% )^8 = $63,754

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3 years ago
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