The retail chain that has a logo featuring a caricature of the faces of the three founders is Pep Boys.
<h3>What is a retail chain ?</h3>
A retail chain can be regarded as a retail outlet that has several locations share a brand, central management with business practices.
Pep Boys which is an American automotive aftermarket service chain featured caricature of the faces of the three founders and was a company was founded in Philadelphia, Pennsylvania.
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Answer:
Debit Merchandise Inventory $300; credit Cash $300
Explanation:
The journal entry to record the given transaction is shown below:
Merchandise inventory Dr $300
To Cash $300
(being cash paid is recorded)
Here the merchandise inventory is debited as it increased the assets and credited the cash as it decreased the assets
Answer:
Option (C) is correct.
Explanation:
Given that,
No. of shares = 200,000
Market value per share = $20 each
Tax rate = 34%
Debt amount = $1,000,000
Market value of firm:
= Market value of equity + (Tax rate × Debt)
= (No. of shares × market value per share) + (Tax rate × Debt amount)
= (200,000 × $20) + (0.34 × $1,000,000)
= $4,000,000 + $340,000
= $4,340,000
= $4.340 million
The firm be worth after adding the debt is $4.340 million.
Answer:
the answer is simple.
How can you finalize anything without identifying the themes, patters and trends of data and information 1st?
in any given scenario, once you have the data with you, you have to investigate and identify pattern and recurring trends in that data. only after such an analysis you will be able to accurately and properly come in to logical and scientific conclusions to finalize.
Explanation:
