The correct answer is joint venture.
When it comes to such a collaboration, both of these companies work together so as to create something new, that will belong to both of them and will be different than what they usually make when they are not working together on a new product.
Answer:
a. $7,000
Explanation:
The computation of the cash paid to suppliers is shown below:
= Beginning Account payable + Purchase - Ending account payable
where,
The costs of goods sold = Beginning balance of raw material + purchase made - ending balance of raw material
$7,500 = $600 + purchase made - $300
$7,500 = $300 + purchase made
So, the purchase would be
= $7,200
Now the cash paid to suppliers would be
= $300 + $7,200 - $500
= $7,000
Answer:
b
Explanation:
Without a collage education, workers will actually lose money in the long run.
It is best to keep both a check register and then to reconcile your bank statement with your check register. That means you have recorded everything that has happened.
