1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Luda [366]
2 years ago
6

Felipe's uncle owns a large manufacturing business with offices in three states. This type of business would BEST be described a

s what?
Business
1 answer:
lesya692 [45]2 years ago
3 0

The type of business that the uncle is said to have would be described as an entrepreneurial business.

<h3>What is an entrepreneurship?</h3>

This is used to refer to the business that is owned by a single person. This person is called the entrepreneur who gets to enjoy either the profit or the loss that may occur in the business that he is operating.

The question says that the uncle has a chain of these businesses across three states, we can say that the uncle is an entrepreneur.

Read more on entrepreneurship here: brainly.com/question/353543

#SPJ1

You might be interested in
Torres Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that T
Karo-lina-s [1.5K]

Answer:

Torres Company received  $4,800 on May 12.

Explanation:

<u>When The Sale was made, the following entries apply :</u>

J1

Trade Receivable $5,000 (debit)

Sales Revenue $5,000 (credit)

J2

Cost of Sales $3,000 (debit)

Merchandise $3,000 (credit)

J3

Freight Expenses $110 (debit)

Cash $110 (credit)

<u>When Campbell Company returned Merchandise :</u>

J1

Sales Revenue $200 (debit)

Trade Receivable $200 (credit)

<u>When Campbell Company pays for the goods</u>

The payment is made 2 days out of the discount period, therefore not eligible for discount.

<em>Settle amount in full less Return Allowance of $200</em>

Trade Receivable $4,800 (debit)

Cash  $4,800 (credit)

Conclusion :

Torres Company received  $4,800 on May 12.

6 0
3 years ago
Sheldon and Morton formed a partnership with capital contributions of $80,000 and $40,000, respectively. Their partnership agree
Anastaziya [24]

Answer:

The answer is:

Sheldon: $39, 500;     Morton: $50, 500

Explanation:

A partnership is a binding agreement between two or more parties to carry on a business. The sole purpose of this agreement is to share skills and expertise so as to generate a profit. In a partnership, the partners have unlimited liability meaning that if the business established by the partners in unable to repay creditors, the creditors are legally allowed to seize the personal assets of the partners to cover the debts owing. However, in accounting for financial performance, the business is considered to be a separate entity (exists independent of the partners). Sheldon and Morton have established a profit-sharing arrangement that compensates Sheldon for the capital contribution (larger interest share) and Morton for his contributions to the business operations (larger salary share). The profit after these deductions is shared equally between the 2 partners. Assuming the given net income is after operations but before partner deductions, the share of the partners is calculated as follows:

                               Sheldon                           Morton

Interest                   $8,000                              $4,000

Salaries                  $10,000                             $25,000

Profit share            <u>$21, 500 </u>                           <u>$21, 500</u>

Total share            <u>$39, 500</u>                            <u>$50, 500</u>

Interest        (10% * $80, 000)                           (10% * $40, 000)

Profit share (50% * $43,000)                           (50% * $43,000)

Net Profit Share: $90, 000 - $(8,000 + 10,000 + 4,000 + 25,000)= $43,000

                     

8 0
3 years ago
a type of bank account used by a person who wants to safely store their money over a long period of time, earning interest durin
Phoenix [80]

savings account

your welcome

4 0
3 years ago
Kim's Bridal Shoppe has 10,200 shares of common stock outstanding at a price of $36 per share. It also has 215 shares of preferr
iVinArrow [24]

Answer:

a. .4223

Explanation:

Kim's Bridal shoppe has common stock, bonds and preferred stock in its capital. To identify capital structure weight of common stock we calculate value of each capital.  

Common Stock : 10200 shares * $36  = $367,200

Preferred Stock : 215 shares * $87 = $18,705

Bonds Outstanding : 520 Bonds * $1,000 * 93% of par = $483,600

Total capital : $367,200 + $18,705 + $483600 = 869,505

Common stock share : $367,200 / $869,505 = 0.4223

6 0
3 years ago
Which of the following describes the process whose ultimate result is Illustrated by the multiplier (the result being that gross
mafiozo [28]

Answer:

2. When people spend money, that money ends up In the pockets or bank accounts of other people (or organizations) who then use that money in some way.

Explanation:

In the economy exist different types of agents: people, government and enterprises. No more.

5 0
3 years ago
Other questions:
  • which type of worker has a career that can be important in both maintenance/operation services and construction services
    13·2 answers
  • Name one of the most famous rock concerts to be held on the weekend of august 15 – 18, 1969.
    14·1 answer
  • The factors of production are
    13·1 answer
  • A successful TQM program incorporates all of the following except __________. ANSWER Unselected benchmarking Unselected centrali
    8·1 answer
  • A report by the Wall Street Journal found there were several online retailers that offered customers different prices based on t
    13·1 answer
  • A company reports the amounts below in its statement of cash flows.
    13·1 answer
  • Knowing that accounting and reporting laws differ widely around the world thereby posing risks for the international business, b
    12·1 answer
  • Martin Company manufactures a powerful cleaning solvent. The main ingredient in the solvent is a raw material called Echol. Info
    10·1 answer
  • When a company guarantees the payment of debt owed by a supplier, customer or another company, the guarantor usually discloses t
    6·1 answer
  • Government purchases include government spending on.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!