Base on the given scenario of which the orange company
introduced an innovative mp3 player, the apple inc’s ipod will likely tend to
decrease its mark up as a new rival has been introduced which is having a head
on with the apple’s mp3 product.
Answer:
A. debit to Interest Receivable for $2,000
Answer:
Supply and demand
Explanation:
First is important to remember the supply and demand principle. We can analyze this by the law of supply and demand.
The law of supply states that "the quantity of a good supplied rises as the market price rises, and falls as the price falls".
Conversely, the law of demand says that "the quantity of a good demanded falls as the price rises, and the quantity of a good increase as the price decrease".
For this case if the manufacturing plant close 20% of the people in the area will not have a job and the prices of the real state values will tend to decrease and if the prices decrease the quantity falls from the supply law.
Answer:
Option (a) is correct.
Explanation:
Given that,
Beginning balance of Retained Earnings = $75,000
Net income = $26,000
Ending retained earnings = $91,000
Total Balance during the year:
= Beginning balance of Retained Earnings + Net income
= $75,000 + $26,000
= $101,000
Dividend declared:
= Total Balance during the year - Ending retained earnings
= $101,000 - $91,000
= $10,000
Therefore, the amount of dividend declared by the Superior during its recent year of operation is $10,000.
