N/A MLSs are private databases that are created, maintained and paid for by real estate professionals to help their clients buy and sell property.
Answer:E) getting a loan or selling corporate bonds
Answer:
Monopolistic competition is similar to oligopoly because both market structures are characterized by barriers to entry.
Explanation:
Monopolistic competition can be defined as a type of imperfect competition in which different companies produce similar products, but not absolutely identical. These products differ from each other by their quality and packaging. In monopolistic competition each company set the prices of their product based on the different costs incurred during production.
Oligopoly can be described as a market structure with a low number of different organisations. In oligopoly each firm has to right to influence the price of their products inorder to maximise profit.
Monopolistic competition and oligopoly market structure share a similar characteristic which is the barrier to entry.
If ABC purchased $500 of merchandise on account. ABC's journal entry to record this transaction includes a:
Debit to Inventory of $500
Credit to Accounts Payable of $500.
Based on the information given if the company purchased merchandise of the amount of $500 on account, the appropriate journal entry to record this transaction is:
ABC journal entry
Debit to Inventory of $500
Credit to Accounts Payable of $500
(To record merchandise on account)
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