Answer:
The company records the investment by the entry:
(D) debit Cash and credit Owner's Equity
Explanation:
Mr. Decker invested $20,000 in cash in his new business. He is the Owner of the company.
In the case, the company that he invested received cash from Mr. Decker.
The company will record the increasing in cash and increasing in Owner's Equity account by the journal entry:
Debit Cash $20,000
Credit Owner's Equity $20,000
Answer:
The four-step process that many companies follow to estimate the market demand curve for their products are:
a. survey customers
d. add up the total quantity demanded by the customers at each price
c. scale up the quantities demanded by the survey respondents
b. plot the demand curve
Explanation:
The above steps enable the companies to estimate the market demand for their products. They also segment the demand to ascertain the segments that will perform better than others. The behavior of consumers is modeled during the estimation to verify how the price of the product, consumer income, or any other variables will impact the market demand.
I think the correct answer is the third option. An industrial union organizes a wide range of skilled and unskilled workers in an industry. It is a group where all workers regardless of position of a particular industry are to be members. These are organized in order to gain a bargaining power especially in strike events.
Answer:
Yes
All agreement are contract, but not all agreement are contract.
Explanation:
All agreement are contract, but not all agreement are contract. If an agreement fails to create legal obligation, then it cannot become a contract.
An agreement is created when there is a mutual understanding between parties. It can either be have a legal backing or not.
A contract is a written or express legally binding agreement between parties to perform a task or obligation.
For an agreement to become a contract, it must be legally binding between the parties. Just as in the case of (CARLILL V CARBOLIC SMOKE BALL CO (1893). It was held that no contract existed between the parties because the agreement is not enforceable under the law.
Answer: True
Explanation: Strategic positioning refers to the different position a company makes by taking certain actions and implementing some special strategies.
In the given case, Donna's restaurant is offering some services to the customers that no other entity in the industry is serving, which is resulting in a unique image of Donna in the industry.
Thus, from the above we can conclude that the answer is true.
