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nydimaria [60]
3 years ago
6

Match the definition with the term.

Business
1 answer:
RSB [31]3 years ago
3 0

Answer:

a. It is a collection of all accounts with their activity and balances that exist in a business.  - A general ledger

The General Ledger is the central record in an accounting system and contains a record of all financial transactions in the company.

b. It is a book of original entry that includes a chronological record of all transactions that Have occurred within a business during a period occurred. - A Journal

When a transaction takes place in a business, it is recorded first in a Journal. As such, a journal contains a chronological record of all transactions that have occurred within a business during a period occurred.

c. It is a list of each account and its balance at any given time and is used to verify that debits = credits . - Trial Balance

The Trial Balance helps a business balance its debits and credits by listing them so then equating them to verify that indeed the debits match the credits.

d. It is a list of all ledger accounts which exist in a business and includes an identification number assigned to each account . - A chart of accounts

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During its most recent fiscal year, Dover, Inc. had total sales of $3,340,000. Contribution margin amounted to $1,570,000 and pr
MariettaO [177]

Answer:

d) $1,065,000

Explanation:

5 0
3 years ago
When a pharmaceutical company discovers a new drug, patent law gives it market power by guaranteeing:
Roman55 [17]

C) exclusive ownership of the drug's right to sell it for a limited time.

What guarantees the monopoly when a pharmaceutical company discovers a new drug?

A company without market power is a monopoly. Patent law grants a pharmaceutical company a monopoly when they discover a new drug: the right to sell the drug in part for an unlimited number of years.

What is monopoly power's fundamental source?

Barriers to entry are the primary factor that lead to monopoly. There are three sources of entry barriers: Responsibility for secret weapon.

Is a patent monopoly-granting?

Invention is rewarded by patents, not commercialization. In a similar vein, a patent does not constitute an economic monopoly. First, because having a patent does not result in the "single supplier" situation that is typical of most monopolies in real life.

To learn more about monopoly here

brainly.com/question/29765560

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5 0
1 year ago
PLZ PLZ HELP HELP HELP YALL ITS IMPORTANT ASAP
fredd [130]

Answer:

1144.95$

Explanation:

375.40 was given every week so multiply by 3 and I got 1126.20.. now annually is the key work and annually means per month so I divide 22500 by 12 and got 18.75. last, I added 18.75 a d 1126.95 and got 1144.95!! Hoped explained well!!

3 0
3 years ago
Benson Corporation manufactures car stereos. It is a division of Berna Motors, which manufactures vehicles. Benson sells car ste
Alla [95]

Answer:

Potential loss to the whole corporation = $(60,000)

Explanation:

The Benson  Division is operating at full capacity, hence it has no excess capacity .

This implies that it can not produce enough to meet both demand of  internal and external buyers.

<em>Hence, Benson Division  cannot accommodate the demands of the Berna Division at a price lower than the external price, because it will result to a loss in contribution.</em>

To maximize and optimize the group's profit in this scenario, the minimum transfer should be:

Minimum transfer price = External selling price - savings in selling cost resulting from in internal transfer

= $86-3= 83

Minimum transfer price = $83.

Effect on Group's profit

<em>Any unit transferred at a priced lower than $83 would result in a unit loss to the Benson Division equal to $83 minus the transfer  price.</em>

<em>Any unit transferred to Berna at a price lower that its current purchase cost would save the division an amount equal to the current purchase cost  minus the forced transfer price.</em>

The potential loss to the organization as a whole would be computed as the net effect of the following:

Lost contribution by Benson : The difference between the Minimum transfer price and the transfer imposed by the group company multiplied by the quantity transferred.

Savings made by the Berna Division : The difference between the forced transfer price and current purchase of Berna.

We can summarize the effect of the forced transfer price on the whole corporation as follows:

Lost contribution per unit = 83 - 35= 48 .

Savings made per unit = 80 - 35 = 45

                                                                                       $

Total lost contribution by Benson

(48 × 200,000)                                                         (960,000)            

Savings made by Berna as result of the transfer

(45 × 200,000)                                                          <u>900,000</u>

Potential loss to the group                                       <u> (60,000)</u>

Potential loss to the whole corporation = $(60,000)

5 0
3 years ago
Iceberg Storage, a leading hard drive manufacturer, recently filed for bankruptcy. While most of Iceberg's competitors were shif
katen-ka-za [31]

Answer:

The correct answer is the option D: path dependence.

Explanation:

To begin with, the concept called as <em>''path dependence''</em> in the field of management and economics, is known for refering to the situation where the past decisions of a person affects the current situation that the person is going through and therefore it is said that the dependence is in the path that the person choose.

To sum up, the scenario illustrated in the case of Iceberg Storage relates to a case of path dependence due to the fact that its managers decided to invested in something that the competitors did not and therefore to take risks knowing that a possible damage can occur in the future, and eventually it did.

8 0
3 years ago
Read 2 more answers
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