Answer:
1. Stockholders invested $24,500 cash in the business in exchange for common stock.
Dr Cash 24,500
Cr Common stock 24,500
2. Purchased equipment for $4,500 cash.
Dr Equipment 4,500
Cr Cash 4,500
3. Paid $200 cash for May office rent.
Dr Rent expense 200
Cr Cash 200
4. Paid $600 cash for supplies.
Dr Supplies 600
Cr Cash 600
5. Incurred $350 of advertising costs in the Beacon News on account.
Dr Advertising expense 350
Cr Accounts payable 350
6. Received $4,900 in cash from customers for repair service.
Dr Cash 4,900
Cr Service revenue 4,900
7. Declared and paid a $1,000 cash dividend.
Dr Dividends 1,000
Cr Cash 1,000
Answer:
Edgar is a chef and the kitchen manager in an upscale restaurant. He is very knowledgeable in both the culinary and restaurant management fields. Because he possesses these technical skills, Edgar can be considered an Management by objectives (MBO)
Explanation:
Management by Objectives (MBO) has to do with management of organization in terms of their goals and ensure maximum performance is recorded. Edgar used MBO as a result helps the restaurant to harness their resources and manage it efficiently.
Answer:
The correct answer is letter "D": all of the above.
Explanation:
Partnerships are forms of entities where the owners of the business or partners are unlimited liable. This means if the company is in debt the personal assets of the partners can be considered as part of the repayment. If one of the <em>partners retires, is removed, if a new partner is added </em>or <em>if one of them deceases</em>, the current partnership is dissolved or legally terminated.
Answer:
C. calculating the total output for Portugal
Explanation:
- Aggregate demand can be thought as the total amount of products that are demanded by individuals in an economy, in a certain period of time.
- It is a way of measuring the total output of goods demanded in a territory, periodically.
- Because in equilibria, aggregate demand must equal aggregate supply, thinking about total output (produced and demanded) is correct.
- Because <u>it has to do with all the goods that are demanded,</u> options A and B are not suitable.
The statement in above describes the choice letter B, which can be considered as the correct answer. It is considered to be not clear and not measurable because the statement does not provide the exact or clear information. It does not state in which or what way will the expanding of the product line be.
