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Finger [1]
3 years ago
6

Bennett is a software engineer who starts his own website development firm. His friend, Callie, is the owner of a store that sel

ls office supplies. Bennett designs a new website for Callie's store in exchange for the necessary office supplies and equipment he needs for his business.
Which source of business funding does this scenario best illustrate?

A. mortgaging
B. bartering
C. factoring
D. liquidating
E. equity financing
Business
1 answer:
antoniya [11.8K]3 years ago
7 0

Answer:

B. Bartering

Explanation:

Bartering refers to transactions which do not involve any money exchange and are rather completed by the exchange of goods or services of similar value.

Bartering represents the most ancient kind of trade wherein no money was involved.

In the given case, a software engineer designs a new website for his friend for which he obtains office supplies and equipments in return instead of any payment. Herein, no payment is received by the engineer for the services rendered.

Rather, office equipments and supplies are received in consideration for the services rendered. This is a case of barter wherein goods are received in exchange for services.

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On January 1, 2018, Jolley Corp. paid $250,000 for 25% of the voting common stock of Tige Co. On that date, the book value of Ti
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Answer:

            Dr. Investments in Associates 250,000

            Cr.            Cash                                 500,000

          Dr. Cash                                   10,000

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- Jolley receives dividends of $10,000, which is 25% of $40,000, and records a reduction in their investment account. The reason for this is that they have received money from their investee.

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The features of the work are collectively referred to as job characteristics. It will have a positive effect unless the above-mentioned features of the labor are utilized in a proper mix to ensure full employee satisfaction.

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