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4 years ago

Are the so-called advantages of small business really advantages?

1 answer:

5 0

There are many different types of advantages for different people. If you own your own small business then you can choose what hours you have to work, and what hours your employees have to work. The downside to that are numerous things, you are accountable for what your employees do and you have to figure out what to do about it. I don't know if this was what you were looking for but there's my answer.

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Indicate whether a debit or credit decreases the normal balance of each of the following accounts.

Alinara [238K]

Answer:

__________________Increase ___Decrease ___ Normal balance

a. Postage Expense__ Debit ______ Credit ______ Debit

b. Utilities Payable___ Credit ______Debit _______Credit

c. Prepaid Insurance__Debit ______ Credit ______ Debit

d. Janitorial Expense __Debit ______Credit ______ Debit

e. Advertising Expense Debit ______Credit ______ Debit

f. Rent Payable______ Credit ______Debit _______Credit

g. Prepaid Parking ____Debit ______ Credit ______ Debit

h. Fuel Expense ______Debit ______Credit ______ Debit

i. Accounts Receivable _Debit ______Credit ______ Debit

j. Service Revenue____Credit ______ Debit _______Credit

k. Unearned Revenue_ Credit ______ Debit _______Credit

l. Warehouse________ Debit ______ Credit _______ Debit

Explanation:

Debit Balance

All the Assets and Expense has the Normal debit balance that is increased by the debit entry and decreased by the credit entry.

The followings are the account with debit balances.

Expenses

a. Postage Expense

d. Janitorial Expense

e. Advertising Expense

h. Fuel Expense

Assets

c. Prepaid Insurance

g. Prepaid Parking

i. Accounts Receivable

l. Warehouse

Credit Balance

All the Revenue, Liabilities, and Equity accounts have the Normal credit balance that is increased by the credit entry and decreased by the debit entry.

The followings are the account with credit balances.

Liabilities

b. Utilities Payable

f. Rent Payable

k. Unearned Revenue

Revenue

j. Service Revenue

7 0

3 years ago

James has been in his management position for many years and is comfortable there. Recently, the CEO has been applying pressure

Vinil7 [7]

1. The most appropriate response from James would be to show that he has learned a lot during Randal's stay.

James should not remain in his comfort zone because it is not an advantageous option. James must demonstrate that he is able and willing to become computer literate by a change of attitude.

2. The most ineffective response from James would be for him to show anger at Randal. Instead of this, he should approach Randal with an open mind, ready to learn.

Thus, Randal may take James' job if James does not rethink his strategy and push his unit to embrace the technological advancement recommended by Randal.

Learn more: brainly.com/question/20851760

4 0

3 years ago

Determine whether each of the following events causes a shift of a curve or a movement along a curve in the short run. Indicate

Over [174]

Answer:

A. The Supply Curve shifts Right.

As American Producers are paying less in dollar terms, their costs of production will reduce. The reduction in Cost of Production will spur producers to produce even more because inputs are cheaper and more will be bought and processed and so the Supply will increase and shift the Supply Curve left.

B. Aggregate Demand Curve shifts Right.

As a result of more money being in the Economy, more people will want to lend out the excess cash they have to earn some interest on it. This will reduce the cost of borrowing and will therefore spur people to borrow more to be able to afford things they want. With the people having more money, they will buy more things therefore upping Demand. The Demand Curve will shift to the Right as a result.

C. Supply Curve shifts Left

Wages are an input into Production. Should they increase that would mean that the cost of Production has risen as well for Producers. They will respond by reducing the amount of goods they produce so as to maintain Profitability and reduce those costs. This will cut supply and shift the Supply Curve to the left.

D. Movement along Short Run Aggregate Demand Curve

Aggregate Demand Curve is constructed based on the demand of the Economy at different prices levels. Should the Price Level decrease it is simply a movement along the Aggregate Demand Curve.

4 0

3 years ago

The December 31, 2018, balance sheet of Justin’s Golf Shop, Inc., showed current assets of $1,155 and current liabilities of $94

alekssr [168]

Answer:

The answer is $325

Explanation:

To calculate net working capital for 2019;

Current asset for 2019 minus current Liability for 2019.

Examples of current assets are cash, inventory, accounts receivable

Therefore, net working capital for 2019 is;

$1,370 - $1,045 = $325

7 0

3 years ago

Data for Hermann Corporation are shown below:

timama [110]

Answer:

1) Yes monthly advertising budget should be increased as it increases the sales by $ 9000 even then there would be profit of $ 4000

2) the net operating income will increase by (38,000-24,000) = $ 14,000

Explanation:

Given

Sales 2000 units for $ 90 = $ 180,000

Variable Expenses = $126,000

Contribution Margin = $ 54,000

Less Fixed Expenses = $ 30,000

Operating Income = $ 24,000

1) Yes monthly advertising budget should be increased as it increases the sales by $ 9000 even then there would be profit of $ 4000

2) the net operating income will increase by (38,000-24,000) = $ 14,000

Sales 2000 units for $ 99 = $ 198,000

Variable Expenses (63 +2= $65) = $130,000

Contribution Margin = $ 68,000

Less Fixed Expenses = $ 30,000

Operating income = $ 38,000

8 0

4 years ago