Answer: Transferring debit and credit amount from the journal to the ledger.
Explanation:
Posting in Accounting refers to the process of transferring debit and credit amounts from the books of original entry i.e the journals, to the relevant general ledger.
Posting to the general ledger is the third step in the Accounting Cycle and as such is very important in determining the balances to put into the Unadjusted Trial balance.
Answer:
$7,000 was invested in Fund A
Explanation:
As per given Condition
A + B + C = $22,000 (1)
A5% + B8% = $750 (2)
As given
C = 2B
Placing C value in 1
A + B + 2B = $22,000
A +3B = $22,000 (3)
Multiplyin (2) by 20
A (0.05) x 20 + B (0.08) x 20 = $750 x 20
A + 1.6 B = $15,000 (4)
Subtracting (4) from (3)
A +3B - (A + 1.6 B ) = $22,000 - $15,000
A +3B - A - 1.6 B ) = $7,000
1.4 B = $7,000
B = $7,000 / 1.4
B = $5,000
As
C = 2B
C = 2 x $5000
C = $10,000
Placing value of B and C in (1)
A + $5000 + $10,000 = $22,000
A + $15,000 = $22,000
A = $22,000 - $15,000
A = $7,000
<u>CHECK</u>
A5% + B8% = $750
$7000 x 5% + $5,000 x 8% = $750
350 + $400 = $750
$750 = $750
<u>Answer:</u> building customer awareness of the product.
<u>Explanation:</u>
Introduction is the first stage in the product life cycle where the company focuses on creating customer awareness of the product. In this stage only a few customers will know about the product. Through better marketing campaign companies try to increase the customer awareness.
Only after creating brand awareness and publicity for the product the company can concentrate on other aspects such as pricing, distribution, additional features etc. The main aim of the companies is to gain the market share.
Answer:
A) App stores
Explanation:
App stores have a positive impact on the whole American economy and can help companies by:
- reducing transaction costs
- lowering entry barriers
- increasing consumer trust and security
For example, during 2018, the app economy in the US represented $568.47 billion and it included over 5,744,481 people working in 317,673 different companies.
App stores allow companies, specially smaller companies and entrepreneurs, to have a low-cost distribution channel to massive markets all around the world.
The impact of the app economy will only increase as the internet of things (IoT) increases.
