Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers. This statement is true.
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What is Partnership?</h3>
- In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
- Organizations may work together to expand their reach and increase the likelihood that each will succeed in reaching their goals.
- A partnership may solely be controlled by a contract, or it may issue and hold stock. Business: Two or more businesses collaborate in a joint venture, a buyer-supplier arrangement, a strategic alliance, or a consortium to: I work on a project (such as an industrial or research project) that would be too difficult or risky for a single entity; and (ii) join forces to have a stronger position on the market.
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Answer:
The correct answer is option A.
Explanation:
A monopolistic market is a market structure that has a large number of buyers and sellers in the market. The sellers produce heterogeneous or differentiated products which are close substitutes. There are relatively easier entry and exit in the market as compared to a monopoly market.
There is a high degree of competition in the market and the producers use an advertisement to promote their products.
Answer:
Explanation:
The cost equation is shown below:
Y = Constant + Volume × Independent variable
where,
Y = operating costs
And, The other items values would remain the same
Now put these values to the above formula
So, the value would equal to
= $170 + 2,300 units × $260
= $170 + $598,000
= $598,170
Hence, the cost equation is displayed above and the operating costs are $598,170
Answer:
a.
Assets : Increase by $6,000
Liabilities : No effect
Equity : Increase by $6,000
b.
Assets : Increase by $4,500
Liabilities : No effect
Equity: Increase by $4,500
c.
Assets : Decrease $1,650
Liabilities : No effect
Equity : Decrease $1,650
d.
Assets : Increase $2,250, Decrease $2,250
Liabilities ; No effect
Equity: No effect
e.
Assets : Decrease $800
Liabilities : No effect
Equity : Decrease $800
Explanation:
a.
Recognize Revenue and Assets of Cash
b.
Recognize Revenue and Assets in Trade Receivable
c.
Recognize an expense and de-recognize the Assets of Cash
d.
Recognize Assets in Cash and de-recognize Assets in Accounts Receivables.
e.
Recognize an Expense and de-recognise the Assets in Cash
