Answer:
a. Debit Retained earnings $53,200; credit Dividends $53,200.
Explanation:
When we close the journal entries, we close all the temporary accounts such as revenues, expenses, and dividends. Closing means the balance of revenues, expenses, and dividends will be "0". To make "0" balance of any temporary accounts, we have to reverse the balance as normal balance. For example - Service revenue is a credit balance. If we close it, we have to make service revenue as a debit account. Similarly, to close the dividends account,
The journal entry to record the closing of dividends is -
Retained earnings (Debit)
Dividends (Credit)
Answer:
MPC = 0.75
Explanation:
Marginal Propensity to Consume (MPC) is a part of Keynesian macroeconomic theory and is calculated by the change in consumption divided by the change in income. It quantifies the increased consumption which occurs with an increase in disposable income
If the exchange rate for mexican pesos has changed from 10 pesos to 9 pesos per dollar, The value of the Peso has increased.
This current situation meant in order to obtain the same amount of Peso, US dollar's holders need to sacrifice more amount of US dollar. This indicates either Mexican's economy is improving or United States economy is deteriorating.
Answer:
The correct answer is A. A successful firm will stake out a position unique in some manner from its rivals.
Explanation:
A competitive advantage is any characteristic of a company, country or person that differentiates it from others by placing it in a superior relative position to compete. That is, any attribute that makes it more competitive than the others.
The attributes that contribute to having a comparative advantage are innumerable. But we can cite as an example the advantageous access to natural resources (such as high-grade minerals or low-cost energy sources), highly skilled labor, geographical location or high barriers to entry, which can be enhanced if we have a product that is hardly imitable Or we have a great brand.
