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lozanna [386]
3 years ago
7

All the following are ways in which business owners can promote their business to reference groups EXCEPT

Business
2 answers:
gizmo_the_mogwai [7]3 years ago
6 0

Answer:

Answer option B) selling an item at a competitive sale price.

Explanation:

Is the correct answer.

cupoosta [38]3 years ago
6 0
The answer is B because it is the only one where it is not in which business owners can promote their business to reference groups
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Coy, Inc. initially issued 200,000 shares of $1 par stock for $1,000,000 in 2016. In 2017, the company repurchased 20,000 shares
Ivan

Answer: $240,000

Explanation:

400,000÷20,000 = $20 per share (repurchase price)

160,000 ÷ 10,000 = $16 per share (sales price)

$400,000 - $160,000 = $240,000

The treasury stock account is created upon the repurchase of a company's own stock. The treasury stock account is debited for cost of repurchase and then credited.back when the stocks are resold. However, after repurchasing 20,000 stock for 400,000 and selling hlaf the repurchased stock (10,000) for $160,000, then the repurchase price is greater than the sales price. There will be no paid in capital, with the entire amount credited to treasury stock.

6 0
3 years ago
The historical cost principle requires that when assets are acquired, they be recorded ata. appraisal value.b. cost.c. market pr
Hitman42 [59]

Answer:

b. cost

Explanation:

Assets are accounted for under IAS 16 Property plant and Equipment, IAS 38 Intangible assets and IAS 40 and 41 Investment property and Biological assets.

The historical cost principle requires that assets on initial recognition be recorded at cost. This cost is maintained even as depreciation is charged for the use of the asset.

The cost is then netted off the accumulated depreciation to get the net book value of the asset or the carrying amount.

6 0
3 years ago
Read 2 more answers
On January 1, Wei company begins the accounting period with a $40,000 credit balance in Allowance for Doubtful Accounts. On Febr
faltersainse [42]

Answer:

The Journal entries are as follows:

(a) On February 1,

Allowance for doubtful accounts      Dr. $8,800

To Account receivable-Oakley Co                         $1,900                      

To Account receivable-Brookes Co                       $6,900            

(To record write off)

(b) On June 5,

(i)

Account receivable-Oakley Co.         Dr. $1,900

To Allowance for doubtful accounts                     $1,900

(To record amount reinstated)

(ii)

Cash  A/c                                          Dr. $1,900

To Account receivable-Oakley CO                     $1,900

(To record cash received)

6 0
3 years ago
If people expect the price of packaged coffee to rise next week, coffee demand will:
SVETLANKA909090 [29]
Increase, assuming packaged coffee=coffee, people will demand more coffee being aware that its price will be increased, thus they will try to consume its benefits before its price goes up.

4 0
3 years ago
Jones Corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. The curren
Dovator [93]

Answer:

Acid-test (quick) ratio=0.76642

Explanation:

Given Data:

Current Assets=$193,000

Current Liabilities=$137,000

Cash=$62,000

Accounts receivable=$43,000

Inventory=$88,000

Required:

Acid-test (quick) ratio=?

Solution:

Quick Assets=Cash+Accounts receivable

Quick Assets=$62,000+$43,000

Quick Assets=$105,000

Acid-test (quick) ratio=Quick Assets/Current Liabilities

Acid-test (quick) ratio=$105,000/$137,000

Acid-test (quick) ratio=0.76642

5 0
3 years ago
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