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2 years ago

4. What are the major benefits of business ownership?

Business

1 answer:

SOVA2 [1]2 years ago

6 0

1.financial rewards

2.learning opportunities

3.independence

4.lifestyle

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Jorge purchased a copyright for use in his business in the current year. The purchase occurred on July 15th and the purchase pri

ZanzabumX [31]

Answer:

total amortization expense = $5400

so correct option is C) $5,400

Explanation:

given data

purchase price = $67,500

time period = 75 months

months = 6th

to find out

total amortization expense

solution

we get here total amortization expense that is express as

total amortization expense = $\frac{purchase\ price}{time\ period}$ ×months ...............1

put her value we get

total amortization expense = $\frac{67500}{75}$ × 6

total amortization expense = $5400

so correct option is C) $5,400

5 0

3 years ago

Analysis of Accounts Receivable and Allowance for Doubtful Accounts Steelcase, Inc. reported the following amounts in its 2014 a

Naddika [18.5K]

Answer:

b. Gross Receivable = Net receivable +Allowance

2014 = $306.8 + $13 = $319.80

2013 = $287.3 + $14.5 = $301.8

Allowance as a % of Gross receivable = Allowance / Gross receivable

2014 = $13/319.80 = 0.041 = 4.1%

2013 = $14.5/301.8 = 0.015 = 1.5%

c. Average Net Accounts receivable = (Accounts receivable, net 2014 + Accounts receivable, net 2013) / 2 = ($306.8 + $287.3] / 2 = $297.05

Receivable Turnover = Net credit sales / Average Net Accounts receivable

Receivable Turnover = $2,989 / $297.05

Receivable Turnover = 10.06 Times

d) Cash received in 2014 = Beginning Gross receivables + Net sales - Ending Gross receivables-Adjustment in allowance (Write-off 2014)

Cash received in 2014 = $301.8 + $2,989 - $319.8 - $4.3

Cash received in 2014 = $2,966.7

Increase in customer deposits = $16 - 13.5 = $2.5

Total Cash received from customers in 2014 = Cash received in 2014 + Increase in customer deposits

Total Cash received from customers in 2014 = $2,966.7 + $2.5

Total Cash received from customers in 2014 = $2969.20

6 0

3 years ago

There are four general ways of making observations: (1) direct versus indirect, (2) overt versus covert, (3) structured versus u

torisob [31]

Answer:

False

Explanation:

7 0

3 years ago

In economics the "problem of coordination" is best summarized as A. deciding who gets the most chocolate cake B. coordinating di

zmey [24]

Answer:

Explanation:

did the problem myself

7 0

3 years ago

American Bakeries had a fleet of over 3,000 delivery trucks. Because of the increasing cost of gasoline, the company was interes

Lisa [10]

Answer:

American bakeries will win

Explanation:

In the given case the American bakeries will win.

It is given in the question that the contract between the American Bakeries and the Empire is a requirement contract.

The requirement contract not necessarily means that the two parties will have the trade.

Therefore,

The American Bakeries does not require any purchase from the Empire

3 0

3 years ago

4. What are the major benefits of business ownership?​

4. What are the major benefits of business ownership?