Answer:
Cobras Incorporated
Trial Balance as at March 31.
Debit Credit
Supplies $1,100
Buildings $41,000
Cash $2,100
Accounts Receivable $2,800
Prepaid Insurance $1,100
Salaries Payable $300
Accounts Payable $1,500
Common Stock $21,000
Retained Earnings $14,500
Service Revenue $18,100
Utilities Expense $2,300
Salaries Expense $5,000
Totals $55,000 $55,000
Explanation:
A Trial Balance is used to check mathematical accuracy in ledger Accounts. It represents a list of Balances : Debit and Credit extracted from the Ledger Accounts.
Answer:
B
Explanation:
If an investment adviser representative transacting business in a state terminates employment with a state registered investment adviser, both the representative and the investment adviser must notify the Administrator promptly.
I would say that B), C) and D) would apply as events that would be covered by one's own homeowner insurance for sure. The flooding, as long as it wasn't one's own fault, ie it was the neighbour's fault or it ingressed from outside for example should be covered by the building insurance if it is a strata complex and if one has a deductible for flooding in case of one's fault, that will help too.
Answer:
See
Explanation:
Selling price = $25,000/1,000 = $25
Variable cost = $17,500/1,000 = $17.5
1,001 units
Contribution margin income statement
Sales ($25,000 + $25)
$25,025
Less variable expenses
A cartel exists when various companies producing similar products or services work together to control markets for the types of goods and services they produce.
A cartel is a group of independent market participants who work together to improve profits and control the market. Cartels are usually associations in the same line of business and mergers of competitors.
1: Written agreement between Sengoku. 2 : An association of independent commercial or industrial enterprises aimed at limiting competition or fixing the prices of illegal drug cartels. 3 : Faction combination for joint action.
Examples of cartels: Organization of the Petroleum Exporting Countries (OPEC), an oil cartel whose members control 44% of world oil production and 81.5% of world oil reserves.
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