Answer:
a) net income will increase
Explanation:
According to my research on different financial processes, I can say that based on the information provided within the question in this situation net income will increase. This is because at the time the sales invoice is issued, the client has not paid. Therefore once he pays in the future the business will receive that money and in term cause the net income to increase. Net income is what remains of a company's revenue after subtracting all costs, in other words the earnings of the business.
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The answer will be monopolistic competition
Answer:
c. Decreases.
Explanation:
Since the demand curve for a monopolist is like a normal demand curve with a negative slope, when the output increases the price decreases, as otherwise the monopolist would not be able to sell the additional units. This is why monopolists limit their production in order to charge maximum possible prices to earn economic profits.
Hope that helps.
Answer:
None of the choices are correct
Explanation:
We use the par value of stock to determine the dividend instead of the market value of stock.
<u><em>Dividend Calculation :</em></u>
Dividend = 35,000,000 shares x $1 x 1%
= $350,000
<u><em>Journal :</em></u>
Debit : Dividend $350,000
Credit : Cash $350,000
