Explanation:
Consumers buy products for their own use, while businesses buy goods to use in their continuing activities and resell to consumers. Customers appetite and the need for manufacturing supplies force organizations to buy products in greater quantities than people.
Answer:
10.0 years
Explanation:
The computation of the payback period is shown below
We know that
Payback period = initial cost ÷ increase in net income
= $30,000 ÷ $3,000
= 10 years
As the depreciation expense is a non-cash expense so we dont considered it
Therefore the first option is correct
<span>The demand curve is based on the price of an item and the amount that people are willing to pay for it. Marketers want to see this, because it helps them figure out how to advertise to the public and what the public wants. This can be useful in pricing items so that they are lower than that of the competitors.</span>
Answer:
Moral rights
Explanation:
The moral rights approach says that decisions must be consistent with fundamental rights and privileges, for example, freedom, life, health, privacy. These rights are embodied in the United Nations Declaration of Human Rights.
Answer:
a. $15,000
Explanation:
common stock:
12/31 = $8,500 1/1 = $5,500
12/31 = $15,000
retained earnings:
6/30 = $3,500 12/31 = $15,000
11/30 = $5,000
Income Summary
12/31 = $18,500 12/31 = $33,500
12/31 = $15,000
income summary closing accounts:
Dr Revenue 33,500
Cr Income summary 33,500
Dr Income summary 18,500
Cr Expenses 18,500
Dr Retained earnings 15,000
Cr Income summary 15,000
net income = amount of income summary closed against retained earnings = $15,000
