<span>Which of the following is an advantage of increasing your market share? </span>C. Building your reputation When you have a good product, quantity and value are set at a rate that is important to the consumer, they are more likely to purchase your product. When the product meets their expectations, this set a good foundation to build the company's reputation on.
Answer and Explanation:
The adjusting entries are shown below:
1. Accounts Receivable $13,680
To Fees Earned $13,680
(Being Accrued fees earned is recorded)
2. Supplies Expense $3,210 ($4500 - $1290)
To Supplies $3,210
(Being Supplies used is recorded)
3. Wages Expense $1,720
To Wages Payable ($1,720
(Being Accrued wages is recorded)
4. Unearned Rent $4,470 ($13,410 ÷ 3 month)
To Rent Revenue $4,470
(Being rent earned is recorded)
5. Depreciation Expense $2,280
To Accumulated Depreciation- Equipment $2,280
(Being Depreciation expense is recorded)
Answer:
Limited liability for shareholders
Explanation:
Limited liability implies that owners or shareholders are legally responsible for the company's debts only to the extent of the amount of capital the shareholders invested.
Answer:
A.Income statement
Explanation:
The income statement of a institution or business that shows the expenses, costs and the incomes during a certain period of time, it is often done quarterly or annually in order to present the tax declaration, it is also known as "profits and loss statement" because it shows exactly if the business had profits or lost money during that period of time.
The main foundation or resource of economic activities in developing countries is production. A further relation is provided below.
- A community seems to be nearly dependent on its capacity to increase its workforce production. The capabilities of production, as well as consumption, are utilized for the evaluation of inflation expectations.
- Productivity improvements lead to increased economic growth, so the amount of products, as well as services generated by something like a comparable workforce, is greater.
Learn more about economic growth here:
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