The transaction effect on the global cleaning service's accounting equation is to increase both assets and equity by $180.
An asset is a property or an equipment that is purchased for the purpose of business activities, examples of business assets include cash, equipment, buildings and inventory to vehicles and office furniture. In this case assets worth $180 increased (may be cash or bank, depending on the means of payment) and also an increase in equity.
Answer:
C:Oligopolies involve more than one company while monopolies involve only one.
Explanation:
A monopoly is a market structure with one supplier serving a very large market. In a monopoly, a single firm sells to many buyers. The product or service offered by a monopoly has no close substitutes. Customers have no choice but to buy from the only firm providing the product or service. Monopolies may result from government policy or very restrictive barriers of entry.
An oligopoly is a market structure where very few firms dominated the market . It when four or five firms control the majority market share of a very large market. There could be other firms with very little market share. Firms in an oligopoly market may sell homogeneous or differentiated products. The few firms dominating the industry collaborate to profit from the market.
Answer:
C) operational systems.
Explanation:
This is been said to explain the the transactions that are been carried out in an organisation strictly on a daily basis. In many cases, it is seen to be tagged or called data warehousing. As seen in data warehousing where data cleaning, its integration and also its consolidation which is seen to be done by the means of integrating data and also by several heterogeneous sources that aid or enhances the analytical reporting and also decision making. All these courses are been applied to assist or in formation for a resourceful or productive business intelligence.
Answer:
Explanation:
The journal entry is shown below:
On January 1, 2017:
Unearned compensation A/c Dr $120,000
To Common stock (4,000 × $3) $20,000
To Paid-in capital in excess of par value $100,000
(Being restricted stock is issued and the remaining balance is credited to the paid-in capital)
On December 31, 2018:
Compensation expenses A/c Dr $30,000
To Unearned compensation $30,000
(Being compensation expenses are recorded)
The compensation expenses is computed below:
= (Fair value of stock) ÷ (number of years)
= ($120,000) ÷ (4 years)
= $30,000
Answer:
D. $4,000.
The Stockholders' equity increase by two items, one is the issued stock of $3,000 that increase equity and cash in assets part, and the result before dividends of $1,000 that increase retained earnings in the equity part and cash in the assets part.
The Net income of the year was $6,000 but were paid in dividends -$5,000, so the retained earnings is $1,000
Explanation:
START END
TOTAL ASSETS $20,000 $24,000
TOTAL LIABILITIES $5,000 $5,000
Common Stock $3,000
Retained Earnings $1,000
Capital $15,000 $15,000
TOTAL EQUITY $15,000 $19,000
Income Statement
Sales $16,000
Cost of goods sold -$10,000
Gross Profit $6,000
Dividends -$5,000
$1,000
