An organization or economic system where goods and services are exchanged for one another or for money.
Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.
Businesses can be privately owned, not-for-profit or state-owned. An example of a corporate business is PepsiCo, while a mom-and-pop catering business is a private enterprise.
Answer:Please refer to the explanation section
Explanation:
The questions is incomplete, the events that were experienced by the company during the two year are missing in the question. we will assume these events took place in order to illustrate through journal entries how transactions and events affect the account balances mentioned in the question.
1. Knoll Company issued 100 shares at a price of $5 per share.
2. Knoll Company purchased supplies costing $250 cash
3 Knoll Company Purchased inventory costing $ 600 cash
journal entries
Dr Bank 500
Cr Shareholders equity 500
Dr Supplies 250
Cr Bank 250
Dr Inventory 300
Cr Bank 300
Balances at the end of year 2
Cash Account = 500 + 500 - 250 - 300 = $450
Supplies = 500 + 250 = $750
Equity = 1000 + 500 = $1500
Answer:
cost depletion expense = $128700
so correct option is B. $128,700
Explanation:
given data
paid = $429,000
recover = 6,500 pounds
extracted = 1,950 pounds
sold = $277,000
to find out
cost depletion expense
solution
we get here cost depletion expense that is express as
cost depletion expense = 
× extracted ...........1
put here value we get
cost depletion expense = 
× 1950
cost depletion expense = $66 × 1950
cost depletion expense = $128700
so correct option is B. $128,700
Answer:
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Put more money down.
Answer:
A case of corporate social responsibility for the environment.
Explanation:
Note that the proposed buildings would be close to a wild life reserve.
The company took the right step inorder to fulfill its responsibility to preserve and protect the environment (wild life reserve) by scheduling a meeting with Green Sands's representatives to make choices about the property that are agreeable to both sides.
