Answer:
A decrease in the price of unsliced bread, which people consider a substitute for sliced bread.
The answer would be, "<span>Longer response times, sometimes six to eight weeks".</span>
Answer:
a. Utilities Expense 500
Cash 500
Explanation:
Given: Consulting immediately paid $500 cash for utilities.
As $500 cash been paid for utility expenses.
We know the golden rule of accounting transaction:
- Personal accounts: Debit the receiver, credit the giver.
- Impersonal real account: Debit what comes in, credit what goes out.
- Impersonal Nominal account: Debit all expenses and losses, credit all profit and gains.
Paid for utility expense of firm is not the personal account, however, it is impersonal account. In the given case, cash is going out of business.
Therefore, Debit all expense and losses and credit what goes out of business.
Journal Entry of the transaction:
Debit utility expenses account--- $500
Credit cash account--- $500
Answer:
A. 2 to 5 percent of sales
Explanation:
According to the text, management contracts usually stipulate that a fee of 2 to 5 percent of sales be paid to the firm providing the management expertise.
Answer:
That statement is true.
Explanation:
Start ups tends to have overwhelmingly lesser capital compared to large/established firms. This means that The Large firms will be able to outperform the start ups in terms of marketing , advertising, and production efficiency.
This will make the start ups' product became less known and more expensive in the market.
Because of this, they tend to focus on the acquisition of intellectual property.
When a start up acquire the right of intellectual property, larger companies could not legally create a similar product and compete with the start up directly.
This will make the start up able to sell their products without having to worry about being outperformed by the larger companies.
