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nikklg [1K]
2 years ago
12

Jeff, the owner of a business, withdrew $100 from the business for personal use. How would this affect the total equity of his b

usiness
Business
1 answer:
andrey2020 [161]2 years ago
6 0

Answer:

Jeff invests an additional $100 into his company from his personal checking account. How would this affect the equity of his business? Common stock would be increased and total equity would also increase J. Brown paid $40 to its stockholders.

The owner has effectively withdrawn part of their equity as inventory. The drawings account is a temporary account and is cleared at the end of each year either by a debit against the capital account, repayment by the owner or against the salary of the owner, depending on the circumstances of the original goods withdrawal.

Explanation:

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Which is not an advantage of a personal professional liability policy? Select one:
Alexus [3.1K]

The disadvantage of a personal professional liability policy is that it is expensive.

Option - a.

<u>Explanation:</u>

Proficient risk protection (PLI), additionally called proficient repayment protection (PII) yet more normally known as mistakes and oversights (E&O) in the US, is a type of obligation protection which ensures proficient guidance and administration giving people and organizations from bearing the full cost of shielding against a carelessness guarantee made by a customer, and harms granted in such a common claim.

The inclusion centers on supposed inability to perform with respect to, budgetary misfortune brought about by, and mistake or oversight in the administration or item sold by the policyholder. These are foundations for lawful activity that would not be secured by a progressively broad risk protection arrangement which tends to more straightforward types of damage.

Proficient risk protection may take on various structures and names relying upon the calling, particularly medicinal and lawful, and is once in a while required under agreement by different organizations that are the recipients of the exhortation or administration.  

Inclusion now and then accommodates the safeguard costs, including when lawful activity ends up being unfounded. Inclusion does exclude criminal arraignment, nor a wide scope of potential liabilities under common law that are not identified in the arrangement, yet which might be dependent upon different types of protection. Proficient risk protection is legally necessary in certain zones for particular sorts of expert practice.

6 0
3 years ago
Why dont you guys use Question Cove or another service. Why do you like brainly so much?
Slav-nsk [51]

because I think people answered their questions really fast even though they don't sometimes

6 0
3 years ago
Read 2 more answers
Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company’s management predicts that 6,1
frutty [35]

Answer:

Production for the third quarter   159,500

Explanation:

Sales for the period           161,000

Desired ending inventory    4,600

Total production needs     165,600

Beginning Inventory             (6,100)

Production for the third quarter   159,500

The sales for the period and the desired ending inventory are the total units we need for the quarted.

the beginning inventory reduces the production because are units we already have

5 0
3 years ago
If customer satisfaction does not always lead to customer loyalty, firms may need to focus additional effort on _____ strategies
mihalych1998 [28]

The firms may need to focus additional effort on retention strategies.

Retention strategies are means employed by firms to retain their customers both new and existing, over some specified period.

Where a company has high customer retention, it means customers would continue to patronize the company's products and not not defect to another product or business.

Customer retention process starts with the first point of contact in an organization and spread through the whole duration of the customer's relationship with the organization.

Learn more at: https://brainly.com/question/4310845

5 0
2 years ago
Compute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,90
Alexxx [7]

Answer:

Conversion costs: d. $384,200

Explanation:

Conversion costs are the costs incurred on activities that convert raw material to finished goods. Conversion costs are calculated by using following formula:

Conversion costs = Direct labor + Factory overhead.

In the case: Direct labor  are $196,300; Factory overhead are $187,900

Therefore:

Conversion costs = $196,300 + $187,900 = $384,200

5 0
3 years ago
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