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3 years ago

15

Garcia Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pres

sure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting

1 answer:

Nastasia [14]3 years ago

6 0

Answer:

i d k

Explanation:

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As discussed in the lecture video, Crocs’ plastic molding and sandal design capabilities have provided the firm with only a temp

Gnoma [55]

Answer: c. competitor imitation

Explanation:

When a company makes a good product that people like and therefore brings in profit, other companies will copy that product if it is not protected by law so that they too can make profit as well.

This is what happened to the Crocs' clogs. Other companies imitated them and so Crocs lost their competitive advantage. This led to prices falling for such footwear as the supply increased. It is for this reason that companies try to get patents when they make a product.

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3 years ago

On June 30, Cheyenne Corp. discontinued its operations in Mexico. On September 1, Cheyenne disposed of the Mexico facility at a

vazorg [7]

Answer:

net loss is : 450,000

tax = 625,000* 28%= 175,000

Explanation:

discontinued operation: in this case , gain or loss always be shown net of taxes in the income statement

total loss = 625,000

net taxes = 175,000

net loss= 625,000-175,000= 450,000

4 0

3 years ago

1. In the problem solving process, which step comes before Take Action?

Ainat [17]

A. Define the Problem first before take action.

4 0

3 years ago

Journalize the following five transactions for Nexium & Associates, Inc. Omit explanations.March 1 - Bills are sent to clien

emmasim [6.3K]

Answer: Please find answers in explanation column

Explanation:

Journal entry for Nexium & Associates

1.Journal to record Services provided in February.

Date Account Debit Credit

March 1 Accounts receivable $800

Service revenue $800

2.Journal to record purchase of furniture and supplies on account.

March 9 Office furniture $1,060

Office supplies $160

Accounts payable $1,220

3.Journal To record payment made to suppliers, Corner Office Inc.

March 15 Accounts payable $1,220

Cash $1,220

4.Journal To record the bill of electricity for march which is not yet due to be paid till April.

March 23 Electricity expense $430

Outstanding Liabilities $430

5.Journal To record the salary payment to employees.

March 31 Salaries expense $850

Cash $850

3 0

3 years ago

Simone lives in a country in which the government does not impose quotas on what can be imported or on what businesses can produ

irina1246 [14]

The type of situation that describe a situation where government does not impose quotas on what can be imported is known as free trade.

<h3>What is free trade?</h3>

Free trade is an agreement between two or more countries to remove trade barriers or restrictions . This enable member countries trade freely without any impediment to import and export of goods.

Countries come together to promote their goods and services by taking away any thing that could hinder import and export of goods among member nation. This bring about increased efficiencies.

Hence, the type of situation that describe a situation where government does not impose quotas on what can be imported is known as free trade.

Learn more about free trade here: brainly.com/question/3520350

7 0

2 years ago