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Lisa [10]
3 years ago
11

Good friends, bernie and latasha, both studied accounting in college. recently, they decided to work together as co-owners of a

small accounting firm. this is an example of a(n) _____.
Business
1 answer:
-BARSIC- [3]3 years ago
3 0
This is an example of a partnership 
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Assume that the weekly payroll of in the woods is . December​ 31, end of the​ year, falls on​ Tuesday, and will pay its employee
shusha [124]

Answer and Explanation:

The adjusting entry made on Tuesday is as follows

Salaries expense Dr $120  ($300 × 2 days ÷ 5  days)

         To Salaries payable $120

(Being the salaries expense is recorded)

here the salaries expense is debited as it increased the expenses and salaries payable is credited as it also increased the liabilities.

6 0
3 years ago
When leaders of an organization compete and debate for scarce resources. They are operating within which frames of reference?
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6 0
3 years ago
Most art and antiques are _____, and the transaction costs are ____ compared to those of financial assets.
iVinArrow [24]

Most art and antiques are <u>illiquid</u> and the transaction costs are <u>high</u> compared to those of financial assets.

"in addition to online services and SERPs, it's far feasible to find out how a great deal your antiques are worth by means of simply asking a vintage dealer or an appraiser at a public sale house, for example," Martin says.

In quick, vintage is a hundred years older, while antique is younger, although commonly nonetheless prior to 1999. it's a rather easy difference, but not necessarily as important as you watched it might be. The age of a chunk doesn'tdirectly correlates to price.

A real leather-based jacket from the Nineteen Forties could be taken into consideration as antique garb. Dictionary.com offers several definitions of the phrase antique: “of or belonging to the beyond; now not modern;” “relationship from a long ago;” and “noting or bearing on cars about 25 years vintage or more.”

Learn more about antique here brainly.com/question/1475385

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5 0
1 year ago
Hot Wok Cuisine is a premium Asian restaurant chain that differentiates itself from a large number of competitors by providing e
aleksley [76]

Answer:

monopolistically competitive industry.

Explanation:

this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated

5 0
3 years ago
Which of the following is an example of marginal cost?
cestrela7 [59]

Answer:

B

Explanation:

6 0
3 years ago
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