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xz_007 [3.2K]
3 years ago
5

A bookkeeper has debited an account for $5,300 and credited a liability account for $2,900. Which of the following would be an i

ncorrect way to complete the recording of this transaction:
A. Credit another asset account for $2,400.
B. Credit another liability account for $2,400.
C. Credit an expense account for $2,400.
D. Credit the Common Stock account for $2,400.
E. Debit another asset account for $2,400.
Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
8 0

Answer:

Option E Debit another asset account for $2,400.

Explanation:

The other account which was debited with an excess amount to credit entry is $2400. This requires an adjustment for $2400 with credit entry to balance the credit and debit entry. So the only entry with debit is incorrect here which will not balance the entry and increase the difference between credit and debit.

So the option E is the option here which is will not complete the recording of transaction.

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Answer:

c. many buyers and sellers.

Explanation:

A perfect market for competition is a market that has a high level of competition.

It has the following features -  

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3. Deals with same or homogeneous products  

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3 years ago
Philip Morris bought Miller Brewing and used its marketing expertise to improve Miller's market share. This justification for di
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Answer:

The correct answer is the option B: Capitalizing on core competencies.

Explanation:

To begin with, in the field of business when we talk about "core competencies" we use the term to refer to something that a company can add to its business strategy with the purpose to add more value to the final benefit that the final consumer will obtain from the consumption of the good. Therefore that it means that capitalizing on core competencies refers to the situation where a company decides to add a superior value to its product by achiving diversification in its strategy and more specifically in this case, in its marketing campaign so that is why that Philip Morris will capitalize on core competencies by using marketing expertises from the other firm that has just bought.

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3 years ago
The level of aggregate supply in the long run is not affected by.
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Answer:

Long run aggregate supply (LRAS) is a theoretical concept and refers to the output that an economy can produce when using all its factors of production, and hence when operating at full employment. Graphically, it is a vertical curve indicating that, in the long run, output is not affected by changes in the price level.

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A person in the organization has the ability to given bonuses to employees as part of a corporate compensation program. This is an example of reward power.

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This is a term that is used formally in the workplace to refer to  a power that has been given by people to give out rewards to other workers in the workplace.

A supervisor who gives incentives to workers is an example of a person that holds such a power.

Raed more on reward power here:

brainly.com/question/4068765

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2 years ago
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