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2 years ago

Match each stage of the business life cycle to its corresponding description.

1 answer:

8 0

The business life cycle corresponds to the stages that a business goes through throughout its existence in the market, which are existence, survival of the fittest, success, take-off and maturity. The correct sequence for this question is C B D A E.

<h3>Maturity</h3>

The business is separate from the owner with responsibilities delegated to staff. A business in this stage usually commands a considerable share of the market and may even be a household name.

<h3>Takeoff</h3>

Expansion strategies are implemented, and investment is balanced with potential.

<h3>Existence</h3>

The business introduces itself to the market and attempts to catch the attention of potential customers.

<h3>Success</h3>

Company is stable and profitable.

<h3>Survival of the Fittest</h3>

Focus shifts to revenue, expenses, and growth. Cashflow is the major issue.

Therefore, the business life cycle will help management to manage its resources according to the business phase and make more effective decisions for competitiveness and organizational positioning.

The correct answer is:

C. Maturity

B. Takeoff

D. Existence

A. Success

E. Survival of the Fittest

Find out more information about business life cycle here:

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Answer:

Debit Estimated Warranty Liability $14,000; credit Merchandise Inventory $14,000.

Explanation:

The journal entry is shown below:

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To Merchandise Inventory $14,000

(Being the customer warranties is settled)

Since we have to settle the customer warranties, so we debited the estimated warranty liability account and credited the merchandise inventory account

Hence, all other options are wrong except last one

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3 years ago

A ________economy usually stresses the equality of all citizens. A________ economy aims to be self-sufficient. A ________economy

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Answer:

Command economy

Closed Economy

Traditional Economy

Mixed Market Economy

Explanation:

A command Economy stresses the equality of all citizens.e. g Cuba and North Korea

A closed economy aims to be self sufficient with all activities confined to its economy.e.g Brazil's economy.

A traditional economy being the oldest form of economy upholds culture and history and as such relies more on bartering than money. It is mostly common in emerging markets and developing countries.

A mixed economy encourages private businesses with a degree of state monopoly.Example is the USA's economy.

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3 years ago

Read 2 more answers

Ian participates in a 401(k) plan at work. For every $1 Ian contributes to the plan, his employer adds 50 cents. Employer contri

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Answer: $5,150

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Last year:

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Number of weeks in a year = 52

Ian's total contribution ($75 × 52) = $3,900

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Therefore total contribution last year :

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3 years ago

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Answer:

Check the explanation

Explanation:

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This will reduce the cost of production of American Producers and would increase their profit-margin.

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Kindly check the attached image below to see the required graph -

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3 years ago

Presented below are two independent situations.Gambino Cosmetics acquired 10% of the 200,000 shares of common stock of Nevins Fa

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Answer:

See the explanation below

Explanation:

(a) Gambino Cosmetics

Since Gambino Cosmetics just 15% which is less than 20% of Nevins Fashion, the cost method for accounting for investments is the relevant method that is used as follows:

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Dividend income = 10% * $60,000 = $6,000

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<u> Date Details Dr ($) Cr ($) </u>

08 Mar. ‘15 Stock investments 260,000

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<em><u> To record investment in Nevins Fashion </u></em>

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<em><u> To record dividend income from investment in Nevins Fashion </u></em>

31 Dec. ’15 Stock investments 12,000

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<u><em> To record share of income in Nevins Fashion </em></u>

(b) Kanza, Inc.,

Since Kanza, Inc. acquired 40% in Rogan Corporation which is greater than 20%, the equity method for accounting for investments is the relevant method that is used as follows:

Stock investment = 40% * 30,000 * $9 = $108,000

Dividend income = 40% * $30,000 = $12,000

Investment revenue = 40% * $80,000 = $32,000

<u>Date Details Dr ($) Cr ($) </u>

01 Jan. ‘15 Stock investments 108,000

Cash 108,000

<em><u> To record investment in Rogan Corporation </u></em>

15 Jun. ‘15 Cash 12,000

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<em><u>To record dividend received from investment in Rogan Corporation </u></em>

31 Dec. ’15 Stock investments 32,000

Investment revenue 32,000

<em><u> To record share of income in Rogan Corporation </u></em>

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