In free enterprise when businesses can complete against each to sell their goods and services to buyers.
<h3>What is
free enterprise?</h3>
Free enterprise, can be described as the free market or capitalism, which is an economic system driven by supply and demand.
In this case, it should be noted that In free enterprise when businesses can complete against each to sell their goods and services to buyers.
We can conclude that in a free Enterprise, the economy is been driven by the demand and the control of the market is with the businesses as well as the consumer and in this type of market, there is no invention of the government and they do not hold any central plan.
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Answer:
Hugo Münsterberg
Explanation:
Based on the information provided within the question it can be said that Colleen should learn more about Hugo Münsterberg. Münsterberg was a German-American psychologist who is considered to be the Father of Industrial and Organizational Psychology. This field deals with studying, analyzing, and understanding human behavior in the workplace, as well as how and why they function the way they do.
Answer:
The closing entries of Teresa Davis shows a profit of $$136,400 after expenses were deducted,being transferred to Teresa Davis' capital account as at 31st December.
Also,$50000 withdrawal by a way of drawings was transferred out of the capital account.
Explanation:
In calculating the closing entries I only looked at the transactions in the year that would have impact on Teresa Davis' retained as at 31st December.
Find attached spreadsheet showing the closing entries made in books of Teresa Davis.
Answer:
Uncle accounting:
Cash Note Payable
DEBIT CREDIT DEBIT CREDIT
450 450
Bank Accounting
Cash Note Receivables
DEBIT CREDIT DEBIT CREDIT
450 450
B.- False
Explanation:
The uncle will see a decrease in their assets (cash) and a decrease i ntheir liabilties(Note payable)
Therefore their net equity (wealth) will remain the same
The bank will record the collection from their client and decrease their receivables.