Answer:
Explanation:
Account: Cash Account Dollar amount: $70,000
Account: Paid-in capital Dollar amount: $70,000
The amount is shown below:
= Deposit amount × number of classmates + purchase of stock
= $20,000 × 3 + $10,000
= $60,000 + $10,000
= $70,000
Only this two account is required i.e cash account and the paid-in capital account
Answer:
The statement is true. Because they can control product price, monopolists are always assured of profitable production by simply charging the highest price consumers will pay.
Explanation:
In economics, a monopoly is a term that describes an industry or other economic sector where control rests with one supplier as that supplier is the only one supplying the market. In theory, that means total control or "complete monopoly" but in practice most monopolies today are "quasi-monopolies", with a supplier dominating the market almost completely but with the space for a few small companies as well. The monopolist can get a high price for his product by limiting market supply so that the supply of goods is less than the demand for it.
I wanted to build my own business company right now at the age of 15
Answer:
<em>True</em>
Explanation:
The given statement is <em>absolutely TRUE</em>, because the unsuccessful franchisees can effect on the success of other franchise in the same franchise, because unsuccessful indicates that the people do not like the franchise and this will led people to fly of from the franchise as people do not like many of them, if there is a good franchise that will be sure effected in the negative direction.
The above act is basically named as the coattail effect.
