This type of competition is called the pure competition. Sellers would always base their products to the buyers' perceptions of the benefits of the products offered by particular companies. In pure competition, the sellers would always see to it that their customers will be satisfied with their products or else the customers would be shifting to the other company.
I would say strongly agree
hope this helps!
Answer:
Option A is correct
Explanation:
The amount owed and the interest would be paid in six months' time ,hence,prior to that time,any interest incurred would be accrued for.
December 31 2021 is two months after the note payable agreement was reached ,as a result,there is need to record accrued interest for two months,November and December.
Interest accrued=$195,000*6%*2/12=$1950
Interest expense is debited while interest payable is credited
Answer:
Middle managers.
Explanation:
A middle manager refers to an individual who acts as an intermediary between the executive management (top or senior) and the lower (junior) level staffs in an hierarchical organization.
Middle managers make tactical decisions, which deal with activities such as short-term planning, organizing, and control. They are saddled with the responsibility of controlling and supervision of their subordinates (junior employees), as well as presenting innovative ideas and opportunities to the executive management team.
The journal entries for the given above would include the following:
(1) Initial cost: $210,000
(2) depreciation: $147,000
(3) final value of old server: $63,000
(4) cash on hand: $180,000
In fact, the price of the depreciated old system is equal to $63,000 and that the money out of $180,000 will actually mean that the new system was bought for $243,000. This is slightly higher compared to the true price of the new system.