Which of these statements about this network is BEST?
A) Activities A and B are serial activities.
B) Activities B and C are serial activities.
C) Activities A and C are serial activities.
D) Activity D is a merge activity.
D
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In the milk power scandal in China in 2008, milk farmers were found to add melamine into milk purchased by milk product producers such as Mengniu. This case illustrates that ________ increases transaction costs for milk product producers.
A. asset specificity B. partner opportunism C. small numberness D. frequency of transaction
Refer to the following adjusted trial balance
Accounts Debit Credit Cash $15,500 Accounts Receivable 8,400 Office Supplies 900 Equipment 9,400 Accumulated Depreciation- Equipment $3,000 Accounts Payable 1,800 Salaries Payable 700 Unearned Revenue 550 Common Stock 3,900 Dividends 1,000 Service Revenue 52,050 Salaries Expense 23,000 Supplies Expense 2,200 Depreciation Expense- Equipment 1,600 Total $62,000 $62,000 What will the final ending balance in the Retained Earnings account be after posting the closing entries? A) $24,250 B) $25,250 C) $29,150 D) $26,250