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pochemuha
2 years ago
6

The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,390 from a local bank

on a note due in six months. b. Received $5,080 cash from investors and issued common stock to them. c. Purchased $1,900 in equipment, paying $650 cash and promising the rest on a note due in one year. d. Paid $750 cash for supplies. e. Bought and received $1,150 of supplies on account.
Business
1 answer:
algol132 years ago
3 0

Answer:

brainly.com/question/13288472

a.

(A) Cash +4,940

(L) Notes payable (short-term) +4,940

b.

(A) Cash +5,630

(S) Common Stock +5,630

c.

(A) Cash -1,200

(A) Equipment +3,000

(L) Notes payable (short-term) +1,800

d.

(A) Cash -1,300

(A) Supplies +1,300

e.

(A) Supplies +1,700

(L) Accounts payable +1,700

Explanation:

(A) = Assets  

(L) = Liabilities

(S) = Stockholders' Equity

(A) = (L) + (S)

Transaction a.

(A) Cash +4,940

(L) Notes payable (short-term) +4,940

Transaction b.

(A) Cash +5,630

(S) Common Stock +5,630

Transaction c.

(A) Cash -1,200

(A) Equipment +3,000

(L) Notes payable (short-term) +1,800

Transaction d.

(A) Cash -1,300

(A) Supplies +1,300

Transaction e.

(A) Supplies +1,700

(L) Accounts payable +1,700

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Explanation:

Economists believe that the economic growth of a country determines the standard of living of its people over the long term which is why measures such as GDP per capita exist.

They argue that if the economy is growing, more wealth will be created for citizens to access and the higher production of goods and services will give citizens more choice on what to buy to be able to improve their standard of living.

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The price of crude oil increases 50%. This will cause a change in ( supply/ quality supplied )
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Answer:

See below

Explanation:

A price increase motivates suppliers to avail more products for sale in the markets. High prices tend to have a high margin hence more profits. Like other businesses, oil producers are profit-motivated; they will supply more quantities if there is a high probability of making more profits.

The law of supply explains the correlation between supply and price. As prices increase, supply also tends to increase.

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2 years ago
Which examples demonstrate common Therapeutic Services workplaces and employers? Check all that apply. Reiko owns and operates h
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Any career in the therapeutic services pathway is someone that is working hands on with a patient and is working to improve the overall health status of the patient.

<h3>Therapeutic Services workplaces </h3>

Correct options are A, C and F

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6 0
2 years ago
5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opport
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PART I

Answer:

The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.

Explanation:

SWOT

Strengths

  • Unique Value Proposition which is healthier bread and cake recipes
  • 20 years experience in baking which translates to strong industry  knowledge

Weaknesses

  • Insufficient Equipment to go with
  • Weak or zero visibility for new business

Opportunities

  • Little or no competition as the recipes are unique to me
  • Huge demand for healthier pastry especially in my current location

Threats

  • The industry is heavily regulated and may be shut down if there are compliance issues
  • One competition that knows what they are doing and combines pastry with healthy drinks such as smoothies. We don't do smoothies.

Part II

Answer:

The persons I would give the business plan to are:

  • My family
  • An angel investor who I met on LinkedIn who supports small businesses and start-ups
  • My banker of over 20 years

  1. I would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.
  2. I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come by
  3. Banks always have the funds but the funds come at a higher cost than the first two.

Cheers

8 0
2 years ago
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