Answer:
In the Debit Column of your Expense Account
Explanation:
Answer:
C) a joint venture
Explanation:
A joint venture is a business organzation in which two or more firms come together to form an alliance. In a joint venture, resources of different firms are combined together to pursue specific projects and gain strategic edge in the market.
Joint venture involves the creation of a new firm from the coming together of two or more firms.
Advantages of joint venture
1. More capital can be raised to start the business by the participants.
2. Profits is shared among participants alone.
3. There is an improvement in the level of expertise because of the varying knowledge of participants.
4. Ability to compete well in the market.
5. The joint venture enjoys economies of scale
Disadvantages of joint venture
1. Decision making might be slow because the ideas of different participants will be put into consideration.
2. Loss is shared among participants alone.
3. Difference in the business objectives by different members might hinder the growth of the company.
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That there is direct relationship between price and quantity. Marginal cost is the cost of producing an additional unit of a good or service. Generally, marginal cost rises on each successive unit produced. A producer is willing to increase production only if he or she receives a higher price for the additional units produced. If price falls, the cost of producing the good will be more than the price the seller receives, and he or she will cut back production.
The account payable subsidiary ledger is the accounting ledger that is used to document the transaction histories of a company's suppliers. For each supplier, it show the amount of money owned by the company as a result of goods that the suppliers give to them on credit. Account payable ledger is used to document the amount payable to suppliers.