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vovikov84 [41]
2 years ago
13

Entrepreneurs use distributors to purchase resources and invest in the production of goods. True or false?.

Business
1 answer:
ANEK [815]2 years ago
4 0

Entrepreneurs do not use distributors to purchase resources and invest in the production of goods so this statement is FALSE.

<h3>How do Entrepreneurs purchase resources?</h3>

Entrepreneurs are able to invest in the production of the goods and services they provide by using their own funds and liability.

They do not use distributors but rather foot the bills as well as getting loans to be able to engage in the purchase of resources.

Find out more on Entrepreneurship at brainly.com/question/13628349

#SPJ1

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Larry worked as a lab tech and made $51,000 per year. However, he and his wife Lana had always dreamed of opening a bowling alle
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An online recruiting website offers business customers up to 25 job postings per year costing $75 each. If a company posted 15 j
DaniilM [7]

Answer:

$1,035

Explanation:

Each job costs $75

Job posted 15 jobs

Total  income = $1,125. ($75X$15)

8% sales tax =$90 (0.08 x $ 1, 125)

                 

Total cost= $ 1,123- $90

                  =$1,035

4 0
3 years ago
Rochester Corp. holds a 15% equity investment in LaCrosse Inc. Reedsburg Investments holds 45% of LaCrosse’s stock. On October 1
Bess [88]

Answer:

Correct Option is B) Rochester Income Increase, Reedsburg Income No effect

Explanation:

As per IFRS,

When a company holds share of any company up to 20% then it is an associate, and in this case Rochester holds only 15% and thus will increase its net income with dividend received. (Cost method is followed)

When a company holds more than 20 % and less than 50% then the equity method is followed until and unless major significance is not exercised, generally it is exercised. In that case equity method is followed, and any income received is adjusted from cost of investment, and do not form part of income.

4 0
3 years ago
Fes Company is making adjusting journal entries for the year ended December 31, 2018. In developing information for the adjustin
anyanavicka [17]

Answer:

Fes Company

1. Amount to report on the 2018 income statement as Insurance Expense

= $3,400

b. Amount to report on the December 31, 2018 balance sheet as Prepaid Insurance

= $3,400

2. Amount to report on the income statement as Supplies Expense

= $72,600

b. Amount to report on the balance sheet as Supplies = $8,400

3. The accounting equation effects of the adjustment for:

a) Insurance

Assets (Prepaid Insurance -$3,400) = Liabilities + Equity (Retained Earnings -$3,400 as Insurance Expense)

b) Supplies

Assets (Supplies - $4,600) = Liabilities + Equity (Retained Earnings -$4,600 in addition to Supplies Expense)

Explanation:

Adjusting Journal Entries:

a.

Debit Insurance Expense $3,400

Credit Prepaid Insurance $3,400

To adjust for expense for the year.

b.

Debit Supplies Expense $4,600

Credit Supplies $4,600

To adjust for used supplies.

Workings:

Supplies

Dec. 31, 2018 Balance   $13,000

Supplies on hand              8,400

Supplies used                 $4,600

Dec. 31 Supplies Expense Balance   $68,000

Supplies used                                       $4,600

Total supplies expense = $72,600

4 0
3 years ago
Martinez Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related va
Reptile [31]

Answer:

2020  $11,700

2021  $8,080

2022  $14,040

Explanation:

PBO = Projected benefit Obligation

PA =  Plan Asset

Acc. OCI  = Accumulated OCI Gain /  Loss

Min. Amort loss = Minimum Amortization of Loss

Year : PBO ; PA ; Corridor 10% ; Acc. OCI ;  Min. Amort loss

2019 : $2,340,000 ;  $2,223,000 ;  $234,000

2020 : $2,808,000 ;  $2,925,000 ;  $280,800 ;  $397,800 ; 11,700

2021 :  $3,451,500 ;  $3,042,000 ;  $345,150 ;  $264,350 ; 8,080

2022 :  $4,212,000 ;  $3,510,000 ;  $421,200 ;  $280,800 ; 14,040

6 0
3 years ago
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