When a company obtains a utility bill but will not pay it right away, it should debit utilities expense and credit accounts payable.
The accounting equation, Assets = Liabilities + Owners Equity means that the total assets of the business are all the time equal to the total liabilities plus the total equity of the business. This is true at any time and applies to each matter.
In this case the balance sheet or accounts payable have an increased of $500, and the income statement has a utilities expense of $500. The expense decreases the net income, retained earnings, and therefore owners’ equity in the business.
Answer:
<u>4 bushels, 2 bushels, Bellisima, Euphoria</u>
Explanation:
Remember, opportunity cost as used in this context<em> refers to the loss of other profit alternatives when one alternative is chosen</em>. In this scenario if we consider the two neighboring countires called Acadia and Euphoria. Both have 4 million labor hours per month that they can use to produce corn, jeans, or a combination of both.
Euphoria produces <em>4 bushels of corn per hour and 16 pairs of jeans</em><em>. </em>Acadia produces<em> 5 bushels of corn per hour and 10 pairs of jeans.</em> Euphoria produces <em>12 million bushels of corn and 16 million pairs of jeans</em> and Acadia produces <em>5 million bushels of corn and 30 million pairs of jeans.</em>
<em></em>
<u>Euphoria's opportunity cost of producing one bushel of corn is</u> 
= 4 pairs of jeans and
<u>Acadia's cost of producing one bushel of corn is </u>
= 2 pairs of jeans.
Finanlly, It is obvious that Acadia has the comparative advantage of producing corn, and Euphoria has the comparative advantage of producing jeans.
Answer:
A. was an effective way to hurdle entry barriers, was quicker than trying to launch a brand-new start-up or joint venture operation, and allowed Apple Inc. to move directly to the task of building a strong position in the target industry.
Explanation:
1. Was an effective way to hurdle entry barriers
There are some entry barriers that need to be crossed before entering some industry like electronic new industry in headphones and streaming music services. For example, already existing firms might patent or copyright for their intellectual property which may require Apple Inc. to its own technology or wait for some years before entering.
2. Was quicker than trying to launch a brand-new start-up or joint venture operation.
Just like one above, acquiring Beats Electronics and Beats Music in 2014 by Apple Inc. saved it from all hurdles from entry barriers or having wait for some to sort bureaucracies of launching a brand-new start-up or joint venture operation.
3. and allowed Apple Inc. to move directly to the task of building a strong position in the target industry.
Since the entry barriers had already being crossed and the bureaucracies of launching a brand-new start-up or joint venture operation have been avoided by acquiring Beats Electronics and Beats Music, this gave Apple Inc. to move directly to the task of building a strong position in the target industry without any further delay.
Answer:
a. MITI
Explanation:
In Japan, the MITI helps small companies identify potential export opportunities
The full meaning of MITI his Ministry of International Trade and Industry which is the ministry which is responsible for always on the lookout for export opportunities and they are as well responsible for industry, investment, productivity as well as small and medium enterprise.
Lastly MITI also help in controlling Japan's foreign trade as well as helping to supervise the international commerce and ensuring the smooth flow of goods and service in the national economy.
Answer:
Total assets $
Building 102,100
Motor vehicle 19,907
Furniture <u>10.442</u>
Total assets <u>132,449</u>
<u></u>
Total liabilities $
Mortgage loan 58,347
Outstanding loan 2,567
Utility bills unpaid <u>242</u>
Total liabilities <u> 61,156</u>
Debt ratio = Total liabilities x 100
Total assets
Debt ratio = $61,156 x 100
$132,449
Debt ratio = 46.17%
Explanation:
In this case, there is need to calculate the total assets, which is the aggregate of building, motor vehicle and furniture.
We also need to calculate the total liabilities, which is the aggregate of mortgage loan, car loan outstanding and utility bills unpaid.
Debt ratio is obtained by dividing total liabilities by total assets multiplied by 100.
