False,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Answer and Explanation:
The Journal entry is shown below:-
March 20
Accumulated depreciation - Delivery Truck Dr, $1,890
To Cash $1,890
(Being the replacement of transmission and capitalizing the transmission cost is recorded)
June 11
Delivery Truck Dr, $1,350
To Cash $1,350
(Being the installation of hydraulic lift and capitalization of installation expenses is recorded)
November 30
Repairs and Maintenance Expense Dr, $55
To Cash $55
(Being the payment for changing the oil and air filter is recorded)
Answer:
A. The trade-off a firm faces when using retained earnings or borrowed funds is the same.
Explanation:
- A trade-off is based on the situational decisions that usually involve the loss of quality and a property that is set or designed to give a return in the other aspects.
- As one part has to increase and the other has to decrease. The trade-off is commonly expressed as in the terms of opportunity costs which states the loss of the best alternative.
Answer:
Concept: Business digression
- Lets assume you live in Los Angeles CA
- LA houses the Lakers, dodgers, and so many more big brand teams.
- A consumer which is defined as any person in a free and open market to openly trade their wealth and income in return for an item or service.
- Residence defined as the area that surrounded the immediate perimeter of the said consumer.
- Hence, by the principle of <u>socialization</u><u> </u>people are more inclined to buy sports gear to represent their teams and inclined to participate in consumer purchases based on their peers.
- It becomes the "lifestyle" and "ideal" personalities in a place such as LA and this inherently drives up sales of sports and entertainment commodities.
- The location, or residence directly <u>exposes</u> the consumer to the products in a market where it "hot" and in style/demand.
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