Answer:
See explanation section
Explanation:
When we need to close accounts, we close the income and expenses accounts. The reason to close those accounts is that those are temporary accounts. Drawings and dividends are also temporary as those accounts have to be settled through capital and retained earnings balance. Therefore,
We will close the entries to income summary are -
D. Depreciation Expense
E. Fees Earned
J. Supplies Expense
L. Wages expense.
The entry to close against a capital account is Drawings. Therefore, Jackie Lindsay, Drawing should be closed.
Answer:
Foreign direct investment
Explanation:
Foreign direct investment (FDI) refers to a situation where a firm from country A invests in business in country B. Generally speaking FDI takes place when a firm acquires at least 10% of a business in another country.
In this case Dragon Autos is a company that is based in Bear Island (country A) that is investing $300,000 in the country of Westerland (country B).
FDI amounts to $253.6 billion in the US economy.
Answer:
Perfect competition is a market structure in which a large number of firms produce the same product.
Explanation:
Items at a grocery store are an example of perfect competition. onsumers have many options at multiple price points.
An <u>inferior good.</u>
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For inferior goods, when income rises demand falls.
B. Finance a car. If they need to use one yearly, then it would be best to finance one and pay it off over time
