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emmainna [20.7K]
3 years ago
14

Why do people start business?​

Business
1 answer:
max2010maxim [7]3 years ago
3 0

Answer:

Because certain individuals rather be self-employed and given a more flexible schedule. Entrepreneurs have the ability to use their talents or ideas to gain profit.

Explanation:

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What is the double entry system?​
Vikki [24]

Answer: Double-entry bookkeeping, in accounting, is a system of book keeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides known as debit and credit. Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation,

5 0
3 years ago
Read 2 more answers
During the agricultural revolution, the enclosure movement caused many former serfs to move to cities in search of work and led
netineya [11]
During the agricultural revolution, the enclosure movement caused many former serfs to move to cities in search of work and led to the rise of both the city and wage system
<span>The enclosure movement was legal movement and process in England of consolidating small landholdings into larger farms. Having larger farms resulted in bigger wages.</span>
8 0
4 years ago
At the beginning of the current year, Snell Co. total assets were $254,000 and its total liabilities were $177,200. During the y
tamaranim1 [39]

Answer:

66.62%

Explanation:

The debt ratio is the total liabilities divided by total assets. At the end of the year, total assets stood at $266,000, the increase in retained earnings which is the excess of revenue over expenses and dividends payment does not affect  liabilities, as a result, liabilities stayed the same at $177,200.

Debt ratio=total liabilities/total assets

debt ratio=$177,200/$266,000

debt ratio=66.62%

7 0
3 years ago
Knowledge Check 01 On March 15, Viking Office Supply agrees to accept $1,200 in cash along with a $2,800, 60-day, 15 percent not
liraira [26]

Answer:

Viking Office Supply

Debit Accounts Receivable $4,000

Credit Allowance for Uncollectible Accounts $4,000

To revise the write-off of past-due account.

Debit Cash Account $1,200

Debit 15% Notes Receivable $2,800

Credit Accounts Receivable $4,000

To record the cash receipt and notes settlement.

Explanation:

Since the account is past-due, it must have been written off as uncollectible expense.  To revise this entry, a credit is made to the Allowance for Uncollectible Accounts and a debit to the Accounts Receivable.

Then a debit to the Cash Account in the sum of $1,200 and a debit to the Notes Receivable account for $2,800 and a credit to the Accounts Receivable.

3 0
3 years ago
________________ focuses on explaining the differences between planned and actual contribution margins. a.Contribution margin an
Usimov [2.4K]

Answer: A.) Contribution Margin analysis

Explanation: The contribution margin analysis could be explained as an analytical tool in accounting which helps managers in observing variation or differences in the budgeted and actual contribution margin of a product. The contribution margin is used to determine the revenue made on a product after deducting the fixed cost incurred in it's production. It is also used to evaluate the performance of individual product derived from the amount of residual profit after deducting necessary production cost.

5 0
3 years ago
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