Answer:
Date Account Title Debit Credit
12/31 Cash $23,000
Patent $85,000
Accounts Receivable $38,000
Accounts Payable $10,000
Allowance for doubtful debt $2,000
Capital $134,000
Answer:
1) The cupcakes are being sold below their equilibrium price
3) The customers who receive cupcakes are the customers with the highest willingness to pay for cupcakes.
4) The bakery is not using price as the only means of allocating cupcakes to its customers.
.Explanation:
at equilibrium price, quantity demanded equals quantity supplied and there would be no excess demand as in the case of the bakery.
The customers who receive cupcakes are the customers with the highest willingness to pay for cupcakes because these consumers are willing to lineup for these cupcakes.
the bakery also allocates the cupcakes by time. the cupcakes are usually only available within a specific time
Answer:
False
Explanation:
Under the subscription model of pricing the customers are to pay a subscription fee for availing the service.
This does not imply that there is an individual charge for each service.
Generally this has combined service or define services that can be used and facilities can be availed.
Initially it was used by newspapers, which clearly reflected that newspapers will be delivered no matter whether you read the newspaper or not.
Similarly in case of golf club, if the subscription period is 6 months it means that, the subscription will not be extended even if you play for continuous 6 months or you do not play at all.
Thus, this is clear that the fee or the price do not depend upon the volume of service used.
B) He was a ruthless steel tycoon who donated millions to charitable organizations
I'm almost 100% sure
A franchise can be used.
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Explanation:</u></h3>
Franchise refers to the authorization that is given by the government for involving in commercial activities. It is the permission that is obtained legally for using the ideas, expertise and processes of some one else with their permissions.
In the example given, a firm is willing to provide all necessary materials for the preparation of coffee and wants to penetrate the European market. The company here provides all the equipment, ingredients, trademarks and operating systems and hence it can make use of franchise type of strategy.