Answer: See explanation
Explanation:
The necessary closing entries from the available information at December 31 will be calculated thus:
1. Dec 31
Dr Services Revenue $13000
Cr Income Summary $13000
2. Dec 31
Dr Income Summary $10000
Cr Wages expense $8400
Cr Rent expense $1600
3. Dec 31
Dr Income Summary = $13000 - $10000 = $3000
Cr D. Mai, Capital $3000
4. Dec 31
Dr D. Mai, Capital $800
Cr D. Mai, Withdrawals $800
Answer: C. Increase
Explanation:
An oligopoly is a market structure in which a few firms dominate. When a market is shared between a few firms, it is said to be highly concentrated. Although only a few firms dominate, it is possible that many small firms may also operate in the market.
Where few firms dominate the equilibrium price will increase because the demand will be high, and this will make the equilibrium price increase.
Answer:
The correct answer is option d. to increase the shares outstanding.
Explanation:
A company can repurchase its previously purchased stocks to resell to the employees, for bonuses to employees and to even support the market price of the stock.
But the company certainly will not repurchase its previously purchased stocks to increase the shares outstanding.
I hope the answer is helpful.
Thanks for asking.
Answer: Option D
Explanation: In simple words, controlling refers to the function of management in which manager sets the standards of performance, compares the performance with the standards and take corrective actions in case of any discrepancy.
Controlling helps the organisation to achieve its goals by making the employees working towards the same goal determined in the planning stage. Controlling sets the standards of performance for the employees which works as a guide in their job.
Hence the correct option is D.
