Organization Expenses Dr 7,500
Cash 7,500
June 14 Cash Dr 120,000
Common Stock 110,000
Paid-In Capital in Excess of par value—Common 10,000
June 22 Cash Dr 120,000
Preferred Stock 90,000
Paid-In Capital in Excess of par value—Preferred 30,000
The owner of a business invested $5000 in the business: Assets increase by $5000; Liabilities, no effect; owner's equity increases by $5000. A debit may signify a decrease in Liability, Capital, and Revenue accounts.
Business typically refers to organizations that are searching for earnings by offering items or services in trade for a charge. but, corporations do not need to show a profit to be considered a business. The pursuit of income, in and of itself, makes an organization a commercial enterprise.
Commercial business improves the fine of existence in two ways. first of all, it affords goods and services to the people required for amusement, consolation, and fitness. Secondly, a business offers employment opportunities to human beings by way of which they could generate income and enhance their high quality of life.
“One element successful agencies have in common is … a sturdy client focus,” said John Stevenson, advertising professional at My GRE exam coaching. “they create a subculture that is targeted around their customers and awareness of their techniques, services, and products around their services needs.
Learn more about business here brainly.com/question/26106218
#SPJ4
Answer:
The answer is: The price elasticity of demand for a good measures the willingness of buyers of the good to buy less of the good as its price increases.
Explanation:
The price elasticity of demand measures the change in the quantity demanded of a product in relation to a change in its price.
The formula for determining the price elasticity of demand (PED) is:
PED = % of the change in Quantity Demanded / % of the change in price
If a good has a high PED (≥ 1) then it is called elastic, which means that any change in the price will change the quantity demanded in a greater proportion. If a good has a low PED (≤ 1) then it is called inelastic, which means that any change in the price will affect the quantity demanded in a smaller proportion.
Usually goods or services considered luxurious (e.g. gourmet cheese), tend to be very elastic (high PED). While products considered basic necessities (e.g. gasoline) tend to be very inelastic (low PED).
Answer:
$100,000
Explanation:
The computation of the equity in his home is shown below;
Given that
Increased in the value of the house = $160,000
And, the amount he has to paid is
= Borrowed amount - down payment
= $80,000 - ($100,000 × 20%)
= $80,000 - $20,000
= $60,000
So, the equity is
= $160,000 - $60,000
= $100,000
hence, the equity value is $100,000