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alukav5142 [94]
3 years ago
12

Jen Rogers withdrew a total of $35,000 from her business during the current year. The entry needed to close the withdrawals acco

unt is:
Business
1 answer:
Dmitrij [34]3 years ago
6 0

Answer and Explanation:

The journal entry is shown below:

Jen Rogers, Capital $35,000

         To Jen Rogers, Withdrawals $35,000

(Being withdrawals entry is recorded)

Here the Jen Rogers, Capital is debited as it decreased the stockholder equity while the Jen Rogers, Withdrawals is credited as it also decreased the drawings account. Also, the capital contains normal credit balance while drawings contains normal debit balance

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Sveta_85 [38]

With <u>predatory pricing</u>, a company deliberately sets a low price with the express idea of driving its competition out of business.

Predatory pricing is a pricing strategy, the usage of the method of undercutting on a bigger scale, wherein a dominant firm in an enterprise will intentionally reduce the fees of a service or product to loss-making stages within a short-time period.

Predatory pricing is the lowering of charges by a corporation specifically to put rival companies out of business. with the aid of doing away with the opposition, the enterprise edges closer to turning into a monopoly, a privileged position of marketplace dominance that might allow it to fix prices and stay away from the natural laws of supply and demand.

In a short time period, predatory pricing creates a buyer's marketplace, in which customers are able to “shop around” and generally attain goods at a decreased price. For agencies, profitability declines as competitors actively try and undercut every other's costs and divert visitors to their personal business.

Learn more about Predatory pricing here brainly.com/question/12751629

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1 year ago
As an importer of clothing, would you rather have your products sold by a general merchandise retailer or a specialty store? Why
jok3333 [9.3K]

Answer:

Specialty store

Explanation:

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2 years ago
Creating a chart using a spreadsheet Chart Wizard involves four steps. Which is the first step?
ycow [4]
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8 0
3 years ago
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5. June sales were $27,000, while projected sales for July and August were $51,000 and $69,000, respectively. Sales are 60% cash
liraira [26]

Answer:

$41,400

Explanation:

The computation of the expected collections for July month is shown below:

Expected Cash collection for July = June Credit sales + July Credit sales

where,

June credit sales is

= $27,000 × 40%

= $10,800

And, the July credit sales is

= $51,000 × 60%

= $30,600

So, the expected collections for July month is

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3 years ago
"A company has a defined benefit pension plan for its employees. On December 31, year one, the accumulated benefit obligation is
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Answer:

$6,100

Explanation:

Data given in the question

Accumulated benefit obligation = $45,900

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= $68,100 - $62,000

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Hence, the accumulated benefit obligation is ignored

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3 years ago
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