ABC Services Reported the Following Transactions for September,2013

question 112

Essay

ABC Services reported the following transactions for September,2013.
A.The owner opened the business with a capital contribution of $23,500 cash.It was credited to Capital.
B.The business purchased office equipment for $11,500.The business paid $2,500 cash down and put the balance on a note payable.
C.The business paid insurance expense of $1,350 cash.
D.The business paid a utility bill for $980 cash.
E.The business paid $2,000 cash for September rent.
F.The business had sales of $12,000 in September.Of these sales,60% were cash sales,and the balance was credit sales.
G.The business paid $9,700 cash for office furniture.
What are the total liabilities at the end of September,2013?
A)$980
B)$2,330
C)$9,000
D)$4,800

• A)$980
• B)$2,330
• C)$9,000
• D)$4,800

Understand strategic responses of direct sellers to market changes.

Comprehend the concept and strategies involved in markup pricing in retail.

Understand the components and significance of the retailing mix in retail management.

Understand the concepts of markup, maintained markup, and markdown in retail pricing strategies.

---

Definitions:

Definitive Set

A precise and unambiguous collection of elements or members with well-defined criteria of membership.

Trait Approach

A perspective in psychology that examines personality traits and how they influence human behavior and leadership.

Great Person Approach

A theory of leadership that assumes great leaders are born with innate qualities and not made.

Leaders' Traits

Innate characteristics and qualities that contribute to an individual's effectiveness in leadership roles, such as decisiveness, intelligence, and charisma.