Solved

The Following Transactions for the Month of March Have Been

question 3

Multiple Choice

The following transactions for the month of March have been journalised and posted to the proper accounts.

Mar 1 Martinez invested $10,000 cash in his new design services business.
Mar 2 Paid the first month's rent of $500.
Mar 3 Purchased equipment by paying $1000 cash and executing a loan payable for $5000.
Mar 4 Purchased office supplies for $750 cash.
Mar 5 Billed a client for $11,000 of design services completed.
Mar 6 Received $7000 on account for the services previously recorded.
What is the ending balance in the Service revenue account?

Recognize the principles behind the systems/contingency and transformational models, including their adaptability and approach to management and communication.

Describe how virtual organizations operate and their temporary nature.

Understand the concept of mutual adjustment as a method of coordination.

Recognize the importance of horizontal communication in various organizational models.

Definitions:

Marketing Mix Element

Components that can be controlled to influence how a product is positioned and sold in the market, often identified as product, price, place, and promotion.

Sole Proprietorship

A business owned by one person who has full exposure to its liabilities.

Google Ad

An online advertising platform developed by Google, where advertisers pay to display brief advertisements, service offerings, product listings, or videos to web users.

S.A.V.E. Framework

An approach emphasizing Solution, Access, Value, and Education for marketing in contrast to traditional methods.