Answer:
Mijka Company
a. Journal Entries
Debit Cash $30,400
Credit Service Revenue $30,400
To record the proceeds for services provided.
Debit Expenses $13,800
Credit Cash $13,800
To record the payment of cash for services.
Debit Dividend $2,100
Credit Cash $2,100
To record the payment of cash dividend.
b. Income Statement for the year ended December 31, 2018:
Service Revenue $30,400
Expenses 13,800
Net Income $16,600
Dividends (2,100)
Retained earnings $14,500
Statement of Changes in Stockholders' Equity as of December 31, 2018:
Retained Earnings $14,500
Balance Sheet as of December 31, 2018:
Assets:
Cash $14,500
Equity:
Retained Earnings $14,500
Explanation:
a) Data and Calculations:
Cash revenue $30,400
Cash expense (13,800)
Cash dividend (2,100)
Cash balance $14,500
Answer:
you can get more of one good only by giving up some of another good
Explanation:
A production possibilities frontier shows the opportunity cost of producing one good instead of another. This way, as you follow the curve, the combination of goods will vary, increasing the production of one good but deceasing the production of the other.
Opportunity costs are the benefits lost or extra costs associated to choosing one activity or investment over another alternative. Since resources are scarce, you must always give something up in order to obtain another thing, e.g. you give up your leisure time in order to study.
It is possible but there should be some type of criteria that needs to be met. For example, the market should have room for both products and the other important thing to have in mind is that the company must have sufficient resources in order to produce both products simultaneously.
The question is incomplete. The complete question is:
Rebecca Minkoff's integration of technology and fashion has resulted in innovate products and an enjoyable shopping experience that stands out in the world of retail fashion. This illustrates _______.
a.multi-channel retailing
b.retail positioning
c.category management
d.atmospherics
e.store image
Answer:
Retail positioning
Explanation:
Retail positioning helps to differentiate a particular retailer from its competitors due to the various unique features possessed by the retailer.
This type of positioning helps to provide a high competitive advantage to the retailer by differentiating the business from the rest of it's competitors.
An effective positioning strategy can contribute immensely to a retailer's overall success in the market.
Rebecca Minkoff's integration of technology and fashion has positioned her in a top level in the retail market, it has made her business stand out among her competitors.
