Answer:
L. Lyons Company
Correct Journal Entry
Debit L.Lyons, Drawings $100
Credit Cash $100
To record the cash withdrawn by L. Lyons for personal use.
Explanation:
When the owner, L. Lyons, withdraws cash for personal use, it reduces the owner's equity interest in the business. Cash as an asset is also reduced by the same amount. Therefore, the double entry should be a debit to the Owner's Capital account (here represented by Drawings) and a credit to the Cash account.
Answer: B
Before any actual work is begun you need to have a formal application so there’s something to be worked with.
Answer: A. It could undermine confidence in the Fed and impact market conditions.
Explanation:
Independent Central banks are preferred as they keep market conditions stable by controlling inflation and affecting interest rates. For instance, Independent central banks have generally been favored by investors due to studies showing that they keep inflation rates low as opposed to countries where the Central bank is controlled by the government.
Investors like this as it reduces the erosion on their rates of return by inflation. If there is any indication that the Fed is no longer independence or less independent, market conditions might be affected as investors become worried about inflation amongst others and the market responds by raising interest rates to compensate.
The answer is <span> business buying
This group of people usually made their decision based on a certain matrics that they use in order to evaluate companies performance and determined what's necessary for the company to buy within their budget based on that evaluation.
This comittee is considered succesful if they managed to keep the company from spending more than their budget while still accomplishing the goals.
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