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julia-pushkina [17]
3 years ago
15

1; Choose a business or an industry that is considered as a perfect market and explain which characteristics of a perfect market

are not met by this business or industry.​
Business
1 answer:
Sophie [7]3 years ago
4 0

Answer:

hey what kind of watch is that in your profile pic

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Waddell Company had the following balances in its accounting records as of December 31, 2015:
Lilit [14]

a. The amount of land on the balance sheet will be $36,000 which is historical cost of the land. Land is not subject to depreciation so it is recorded at historical cost and not carrying value.

b. The amount of rent expense reported on Income statement will be $5,500 [ $ 6,000 * 11 /12 months ]

c. The total amount of liabilities reported on the balance sheet will be $43,800. This includes the contingent liabilities and warranties.

Learn more at brainly.com/question/24540829

8 0
2 years ago
In a(n) _____ organization, top managers make all the decisions and pass them down to lower levels for implementation
Naya [18.7K]
Partly this statement is true however this does not implies to all.
In a big company, it;s really the top managers who do all the planning and decision making for the good of the company and then cascade it to the lower level for implementations
8 0
3 years ago
Gus needs to purée his soup while it's still in the pot. What is the best tool for him to use?
JulijaS [17]

if i was gus i would use a immersion blender cuz its the easiest and fastest.

4 0
3 years ago
Read 2 more answers
Sysco Corporation, formed in 1969, is the largest global distributor of food service products, serving over 500,000 restaurants,
Leona [35]

Answer:

Sysco Corporation

Journal Entries:

a. Debit Buildings $450

Debit Equipment $234

Credit Cash $684

To record the purchase of long-term assets for cash.

b. Debit Cash $119

Credit Short-term Note Payable $119

To record the funds borrowed from a bank.

c. Debit Accounts receivable $23,358

Debit Cash $30,813

Credit Service Revenue $54,171

To record the provision of service to customers on account and for cash.

d. Debit Accounts Payable $129,574

Credit Cash $129,574

To record the payment on account.

e. Debit Inventory $41,983

Credit Accounts Payable $41,983

To record the purchase of merchandise on account.

f. Debit Salaries Expense $5,240

Credit Cash $5,240

To record the payment of payroll during the year.

g. Debit Cash $19,043

Credit Accounts receivable $19,043

To record the cash received from customers on account.

h. Debit Delivery Vehicles Expense $1,600

Credit Cash $1,600

To record the purchase of fuel for the delivery vehicles.

i. Debit Dividend $598

Credit Dividends Payable $598

To record the declaration of dividend.

j. Debit Utilities Expense $126

Credit Cash $93

Credit Utilities Payable $33

To record the Utilities expenses incurred during the year.

Explanation:

Transactions Analysis:

a. Buildings $450  Equipment $234  Cash $684

b. Cash $119 Short-term Note Payable $119

c. Accounts receivable $23,358 Cash $30,813 Service Revenue $54,171

d. Accounts Payable $129,574 Cash $129,574

e. Inventory $41,983 Accounts Payable $41,983

f. Salaries Expense $5,240 Cash $5,240

g. Cash $19,043 Accounts receivable $19,043

h. Delivery Vehicles Expense $1,600 Cash $1,600

i. Dividend $598 Dividends Payable $598

j. Utilities Expense $126 Cash $93 Utilities Payable $33

5 0
2 years ago
If the price of milk rose to $6 per gallon, consumers would purchase fewer gallons of milk than if the price were $2 per gallon.
Law Incorporation [45]

Answer:

the law of demand

Explanation:

as the law of demand states that the higher the price the lower the quantity that will be demanded, and the lower the price the higher the quantity that will be demanded

4 0
3 years ago
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