Credit unions are not-for-profit financial cooperatives. Whose earnings are paid back to members in the form of higher saving rates and lower loan rates.Banks are for profit businesses with earning paid to stockholders only.
They should work on structure and how it all comes together
Answer:
a.Building (Dr.) $145
Equipment (Dr.) $260
Cash (Cr.) $404
Long-term note (Cr.) $30
b. Cash (Dr.) $340
Common Stock (Cr.) $180
Share Premium (Cr.) $160
c.Retained Earnings (Dr.) $145
Dividend Payable (Cr.) $145
d.Short-term investment(Dr.) $7716
Cash (Cr.) $7716
e. No Effect on accounting equation or Canon Sporting Goods Accounts.
f. Cash (Dr.) $4313
Short-term Investment (Cr.) $4313
Explanation:
a. Non-current Asset is increase by $434 and Current Assets cash account decreased by $404, Non-current liability is increased by $30.
b. Cash received debited which increases current asset by $340 and common stock account increased by $180, Share premium account increased by $160 under the stockholder account.
c. Dividends are paid from retained earnings on the equity account of the balance sheet. No effect on the assets. Retained earnings are decreased (stockholder account) and dividend payable is increased (current liability account).
d. Both are current asset accounts. Short-term investment account is increased and cash is decreased by $7716.
e. There will be no effect on the accounts of Canon Sporting Goods as the transaction occurred between two outside investors.
f. Both are current asset accounts. Cash is increased and short term investment is decreased by the $4313.
Trader joes differentiate itself from competitors by offering top-quality foods obtained through sustainable agriculture. This business strategy implies that trader joes focus on gaining a market share and making up the loss in margin through increased sales.
According to the Cost Leadership article, Trader Joe's focuses on low-cost, high-quality products to attract customers' attention. Trader Joe's is a very small store less than 10,000 square feet.
Just Right Airline is probably sitting in the middle because it's basically trying to reconcile different strategic positions (high-quality features versus low price). Other airlines consistently pursue either differentiation or low-cost strategies.
Marriott has reduced its cost structure by distributing its manufacturing facilities across multiple hotel types, increasing the diversity and differentiated appeal of its hotel line.
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The partnership agreement provides for the division of income as Each partner is to be credited 8 percent interest on his or her average capital (calculated after rounding to the nearest number of whole months).
<h3>What is
partnership?</h3>
A partnership is an agreement in which two or more parties, known as business partners, agree to work together to advance their mutual interests. Individuals, businesses, interest-based organizations, schools, governments, or combinations can form partnerships.
A partnership is a single business owned by two or more people. Each partner contributes to every aspect of the business, whether it's money, property, labor, or skill. In exchange, each partner shares in the company's profits and losses.
The goal of a partnership agreement (or partnership contract) is to create a legally binding contract between two or more individuals or other legal entities in order to establish a business enterprise. This partnership agreement specifies each partner's or entity's rights and responsibilities.
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