Answer:
6,000 on the left side of Equipment account; $5,000 on the right side of Accounts payable account; $1,000 on the right side of the Cash account
Explanation:
When fixed assets are bought whether paid for or not, debit the asset account with the monetary value if the asset, and credit cash or bank if payment is made or credit account payable account where purchase is on credit.
In this case, the following entries should be done:
Debit Equipment Account $6,000
Credit Cash Account $1,000
Credit Account Payable $5,000
Makes there wearer look cool of course ;)
Answer:
$10,000
Explanation:
In the given scenario a honest dispute develops between a homeowner and an electrician over whether wiring and circuit breakers installed by the electrician satisfied contractual specifications.
There are two contractual agreements. One for $10,000 for the original wiring, and the second for $8,000 for a different brand of wires.
The electrician will only be able to claim either the $10,000 or the $8,000.
When the homeowner claimed he was not satisfied with the original installation the electrician should have verified the job and and claimed damages of $10,000.
On the other hand he accepted the blame and agreed to the second contract of $8,000.
So he can either stake a damage claim on the original one alone or the second contract alone.
The maximum he can claim is $10,000
Each member country of the TRIPS agreement must include in its domestic laws broad intellectual property rights and effective remedies for violations, which is a True statement. This is further explained below.
<h3>What is TRIPS
agreement?</h3>
Generally, The TRIPS Agreement is a basic standards agreement that gives Members the option to provide more comprehensive intellectual property protection if they so choose.
In conclusion, It is True that each nation that is a part of the TRIPS agreement has a legal obligation to provide protections for intellectual property and remedies for infringements within its own domestic legislation.
Read more about TRIPS agreement
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Airlines that offer lower fares on seats shortly before a flight's departure date to fill empty seats are utilizing dynamic strategy which is a form of dynamic pricing. Real-time pricing, often known as dynamic pricing, is a highly adaptable method of determining a product's or service's price.
Dynamic pricing aims to enable businesses who offer products or services online to quickly modify prices in response to consumer demand. A pricing approach called "dynamic pricing" substitutes variable prices for fixed ones.
The fundamental tenet of the dynamic pricing model is to provide the same product to various customer segments at various costs. According to the number of individuals interested in particular products, dynamic pricing is a means to reflect changes and boost revenue .
To learn more about Dynamic pricing , click here
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