LLCs were created to protect business owners from liabilities while

What is one course of action available in every decision making process?

vovikov84 [41]

"Choose to do nothing about the issue" is the one among the following choices given in the question that <span>is one course of action available in every decision making process. The correct option among all the options that are given in the question is the third option or option "c". I hope the answer has come to your help.</span>

3 0

3 years ago

Read 2 more answers

The individual firm in a purely competitive labor market faces:

Reptile [31]

Answer:

The correct answer is D. perfectly elastic labor supply curve and a downsloping labor demand curve.

Explanation:

The basis of the model is the assumption that no player in the market is large or strong enough to be able to control the industry. There are many buyers and sellers, and each one is small. Companies can sell any amount of production at market prices. Companies in this form of market face a horizontal demand curve, and all companies produce a homogeneous product.

A large number of small sellers and buyers exist in this type of market. No entity is so powerful that it can change the face or direction of the industry. No company can produce any control over the price or quantity of the product. Although each company increase or decrease prices and production, the industry as a whole remains unchanged.

8 0

3 years ago

At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 918,000 Credit sales 31

Leona [35]

Answer:

Journal entries

Explanation:

The journal entries are as follows

a. Bad debt expense $15,900 ($318,000 × 5%)

To Allowance for doubtful debts $15,900

(Being the bad debt expense is recorded)

b. Bad debt expense $37,080 ($318,000 + $918,000) × 5%0.

To Allowance for doubtful debts $37,080

(Being the bad debt expense is recorded)

c. Bad debt expense $18,240 {($143,000 × 8%) + $6,800}

To Allowance for doubtful debts $18,240

(Being the bad debt expense is recorded)

Since same entry are passed but the amount are different as in the first case the bad debt is calculated on credit sales. In the second case, it is calculated on total sales and on the third case it is calculated on account receivable after considering the debit balance

4 0

3 years ago

Following are the transactions of a new company called Pose-for-Pics.

liraira [26]

Answer:

Pose-for-Pics

Trial Balance

For the month ended August 31

DEBIT CREDIT

b. Cash 8,539

c. Offices 2,280

d. Prepaid insurance 2,300

e. Photography equipment 51,600

f. Common stock 63,600

g. Photography fees earned 2,000

<u>h. Utilities expense 881 </u>

i. Totals 65,600 65,600

Explanation:

In trial balance, all accounts in general either real or nominal is posted here whether on debit or credit side. It shows the balances of debits and credits entries from the transaction of the general journal that the company have made for the period. There are 2 types of trial balance, the unadjusted trial balance and the adjusted trial balance.

8 0

4 years ago

EA8.

Naddik [55]

Answer:

960,000 units

Explanation:

In order to maintain the desired ending inventory, the following relationship must be true.

Beginning inventory + produced units = expected sales + desired ending inventory

Skyline, Inc. has a planned production of 900,000 units, a desired beginning inventory of 160,000 units, and a desired ending inventory of 100,000 units. Therefore:

$160,000 + 900,000 = Expected\ sales + 100,000\\Expected\ sales=960,000\ units$

960,000 units are estimated to be sold.

7 0

4 years ago