Answer and Explanation:
The journal entries are shown below:
On Aug 1
Inventory Dr $850
To Accounts payable $850
(Being inventory purchased on account)
On Aug 8
Cash Dr $125
To Advance deposit a/c $125
(Being cash receipts is recorded)
On Aug 20
Accounts Receivable Dr $1250
To Rental Revenue $1250
(Being revenue is recorded)
On Aug 31
Utility expense Dr $180
To Cash $180
(Being cash paid is recorded)
On Aug 31
Cash Dr $600
To Accounts Receivable a/c $600
(Being cash received is recorded)
The market for a certain item can go down. It can simply be caused by too much of a supply and not enough demand which can usually cause a company to go into debt if they specialize in one product only (e.g. fuels)
Answer:
e
Explanation:
A merger can be described as the absorption of one firm by another firm.
When a merger occurs, one of the firms would not exist as a separate entity while the other firm would continue to exist.
<em><u>Types of merger </u></em>
<em><u>1. Horizontal merger : </u></em>this is a type of merger that occurs between firms in the same industry. The firms are usually competitors.
<u><em>Reasons for an horizontal merger</em></u>
- It is done to increase the market power of a firm
- This type of merger is done to achieve economies of scale.
An example of an horizontal merger is the merger between Mobil and Exxon in 1999.
2.<u><em> Vertical merger : </em></u>this is when a firm purchases another firm in the same production line. e.g. a baker purchases a pastry distributing company
<u><em>Reasons for a vertical merger</em></u>
- Cost savings
- It provides the firm acquiring a greater control of the production process.
<u><em>Types of vertical merger</em></u>
<u><em>a. Backward integration :</em></u> it is when the acquiring firm purchases a firm ahead of it in the production process. e.g. a baker purchases a pastry distributing company
<u><em>b. Forward integration :</em></u> it is when the acquiring firm purchases a firm that is behind it in the production process. e.g. a baker purchases a firm that supplies grains
<u><em>3. Conglomerate merger : </em></u>This occurs when the products of the merging firms were not related in any manner before the merger.
Answer:
Hii
Explanation:
A loan is when money is given to another party in exchange for repayment of the loan principal amount plus interest. Loan terms are agreed to by each party before any money is advanced. A loan may be secured by collateral such as a mortgage or it may be unsecured such as a credit card.
Hope it helps :)
Answer:
The operators have not violated the antitrust laws because they are only collaborating to lobby the government
Explanation:
The antitrust law in the U.S. can be described as a group of federal and state government laws enacted to regulate the activities of business firms in order to enhance competition to the advantage of consumers.
The antitrust law aims to collusive activities that suppress trade, any merger and acquisition that would reduce competition, and prevent the the abuse of monopoly power.
Since the activity of the operators of adult bookstores does not fall under what the antitrust law aims to prevent but it is just a collaboration to lobby the government, they have a good defense that they have not violated the antitrust laws.
