Answer:
Melody's net income for may is $ 1,075.
Explanation:
New income in cash basis = collection from instruction - piano rental bill
= $ 1,575 - $ 500
= $ 1,075
Therefore, Melody's net income for may is $ 1,075.
Answer:
Use strong judicial tools as patents and copyrights. Be flexible to enter the market. Understand that is more expensive to acquire a new client that to maintainn and excisting one.
Explanation:
The powerfull companies can make a product or service look bad (sabotage) or can change its prices to eliminate possible competitors from the market, they also have a huge share of the market so there are not many avilable new clients to gain.
Answer:
Perfection records in it's books an Investment in Associate of $486,000
Explanation:
Hi, your question has missing information, i tried to look for the full question online but I could not find it.
However, I have prepared below explanation to the problem.
When a firm has investments into another firm of less than 50% voting rights in stake but greater than 20% we say that firm has significant influent in the investee. The firm is said to have an Investment in an Associate.
Investments in Associates are always recorded using the Equity Method of Accounting.
<u>Entries for Investment in Associate are :</u>
Debit :Investment in Associate ($1,944,000 × 25%) $486,000
Credit : Share of profits of associate $486,000
Conclusion :
Perfection records in it's books an Investment in Associate of $486,000
Answer:
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Explanation:
A manufacturer tries to benefit by using scarce resources in the following ways -
Scarce resources will reduce the cost of production leading to maximum profits.
Lesser cost of production will make it more budget friendly and popular among the customers.
Because of better margins, business can invest in research and development to offer better quality products to its customers.
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