Answer:
April 1 The company issued 9,000 stocks at $11 per stock
- Dr Cash account 99,000
- Cr Common Stock account 99,000
June 15 Cash dividends are declared $1.50 per stock
- Dr Retained Earnings account 103,500
- Cr Dividends Payable account 103,500
July 10 The company paid the dividends
- Dr Dividends Payable account 103.500
- Cr Cash Account 103,500
December 1 The company issued 4,000 stocks at $12 per stock
- Dr Cash account 48,000
- Cr Common Stock account 48,000
December 31 Cash dividends are declared $1.60 per stock
- Dr Retained Earnings account 116,800
- Cr Dividends Payable account 116,800
Answer:
Explanation:
Journal entries:
Oct 1
Dr Cash 41,000
Cr Common stock 41,000
Oct 2
No entry
Oct 3
Dr Equipment 4,400
Cr Accounts payable 4,400
Oct 6
Dr Accounts receivable 13,000
Cr Sales 13,000
Oct 10
Dr Cash 170
Cr Service revenue 170
Oct 27
Dr Accounts Payable 880
Cr Cash 880
Oct 30
Dr Salaries expense 2,500
Cr Cash 2,500
Answer:
ILUL YFGIDTLBsDGBL ASGNDI caugsg
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Explanation:
Answer:
The answer is: Not reliable because consumers know less than suppliers about used car quality.
Explanation:
Predictions using the supply and demand (S&D) model are reliable when:
- companies sell identical products,
- everyone involved (suppliers and consumers) has full knowledge
- about the price and quality of the products or services being offered,
- both the suppliers and consumers are price takers (have no control to dictate prices), and
- the costs of trading are low
If one or more of these conditions are not met, then the S&D model wouldn´t work properly. In this specific case, the suppliers had much information about the quality of the used cars than their customers.
Answer:
wholesalers, distributors and manufacturers.
Explanation:
