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3 years ago

During 2017, its first year of operations as a delivery service, Concord Corporation entered into the following transactions:

Business

1 answer:

Natasha2012 [34]3 years ago

3 0

Answer:

Concord Corporation

Transaction Assets = Liabilities + Stockholders' Equity

1 Assets (Cash +$181,000) = Liabilities + Stockholders' Equity (Common Stock +$181,000)

2 Assets (Cash +$54,000) = Liabilities (Bonds Payable +$54,000) + Equity

3 Assets (Delivery Trucks +$60,000, Cash - $60,000) = Liabilities + Equity

4 Assets (Cash + $17,000, Accounts Receivable -$17,000) = Liabilities + Equity

5 Assets (Supplies + $5,800) = Liabilities (Accounts Payable +$5,800) + Equity

6 Assets (Cash - $4,800) = Liabilities + Equity (Retained Earnings -$4,800)

7 Assets (Accounts Receivable + $11,000) = Liabilities + Equity (Retained Earnings + $11,000)

8 Assets (Cash - $29,300) = Liabilities + Equity (Retained Earnings + $29,300)

9 Assets (Cash - $10,700) = Liabilities + Equity (Retained Earnings + $10,700)

Explanation:

In accordance with the accounting equation, Assets are always equal to Liabilities + Equity with each given business transaction. The accounting equation reflects the double-entry system of accounting. It shows that two or more accounts are involved in any transaction and each transaction that is properly recorded keeps the equation in balance at all times.

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Complete Question:

If each of two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, the total result is

Group of answer choices:

A. they will both increase market share.

B. they will simply neutralize one another's efforts.

C. they will both lose market share.

D. they will both improve their industrial position.

Answer:

B. they will simply neutralize one another's efforts.

Explanation:

If each of two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, the total result is they will simply neutralize one another's efforts.

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Hence, when two competing monopolists undertakes equal advertising efforts to attract consumers away from the other, this would result in one monopolist effort canceling or nullifying the effort of the other. This simply means that, it would have been as though none of them had made any effort at all because they were both involved in doing the same thing. Thus, making the market the same as it were originally prior to their advertising efforts.

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3 years ago

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Answer:

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Explanation:

The amount that the home needs to sell can derived from the net to seller's formula given as: Net to seller = Sale Price * (100% - commission rate)

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Answer:

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