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3 years ago

Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation.

Business

1 answer:

Thepotemich [5.8K]3 years ago

8 0

Answer:

Debit credit analysis of given journal entries.

Explanation:

1. Cash ac dr , Purchase (common stock) ac cr ... 30000

2. No entry for hiring only , No accrual or cash transaction takes place

3. Furniture ac dr, creditor/ accounts payable (Furniture supplier) ac cr ... 3800

6. Debtor/ accounts recievables (Roads') ac dr, Comission ac cr ... 10800

10. Cash ac dr, Comission ac cr ... 140

27. creditor/ accounts payable (Furniture supplier) ac dr, Cash ac cr ... 700

30. Salary ac dr, Cash ac cr 3000

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Explain how each of the following people would talk about scarcity and trade-offs.

Bumek [7]

B.The president of a developing nation.

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3 years ago

The four career pathways in finance are?

kondaur [170]

The four career pathways in the finance cluster are banking and related services, business financial management, financial and investment planning, and insurance services.

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2 years ago

Bild-Rite, Inc., is a Colorado-based firm that does business with clients throughout North America. Bild-Rite oversees construct

Rzqust [24]

Answer:

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3 years ago

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Gemiola [76]

Answer: True.

Explanation:

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2 years ago

Select the correct answer from each drop-down menu.

LUCKY_DIMON [66]

Answer:

1. Technical improvements cause production costs to decline, which causes supply to increase and prices to decrease.

2. Decreased unemployment causes consumer incomes to increase which causes demand to increase and hence price to increase.

Explanation:

Demand refers to a consumer's desire to purchase a particular good or service at a given time for a specific price. Supply on the other hand, is the willingness of a producer to produce a particular good or service at a given time for specific price.

1. Production cost is a factor that influences supply. For example, cost of labor or raw material cost. When production costs fall, more products can be produced at a lesser cost. Hence'

The supply curve shifts right from S1 to S2.
This causes quantity supplied to increase from QS1 to QS2
And price to fall from P2 to P1. Please refer Diagram 1 in attachment.

2. When unemployment decreases, it means that more people are working in the economy and hence their incomes are also higher. This means there is a higher purchasing power and also higher demand for products. Hence,

The demand curve shifts from D1 to D2.
This causes quantity demanded to increase from QD1 to QD2
And price to increase from P1 to P2. Please refer Diagram 2 in attachment.

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3 years ago