Answer:Self employment is working for yourself. Wage employment is working for someone else.
Explanation:
Self employment is employment where you are your own boss and you do not have to run issues and concerns through another person. The money that you make is your own.
Wage employment is when you earn your money through someone elses business and you are paid either salary or by the hour (wages). You are not allowed to make decisions for the business, just take orders and fulfill them.
Transactions must be recorded separately inside this debt or equity portion as both a drop to income of $450,000 as well as a rise of $700,000.
The accounting equation for a business must show steady income through operational operations.
These variations on obligations, investors' capital, other tangible resources may be used to reflect about the difference on income.
A firm's first stage of development is prone to experience operational and investment income stream. retained earnings through funding that is profitable.
1)The quantity of money that exists for usage in free liquidity
2)pay off existing debt
3)By engaging in further investment activities, grow the company.
4)increase the company's cash position
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Answer:
D: $259,000
Explanation:
The computation of the paying amount which borrower can pay for a property is shown below:
= Mortgage loan amount for borrow ÷ loan-to-value ratio
= $220,000 ÷ 85%
= $258,823.53
= $259,000 round off
We simply divide the mortgage loan by the loan to value ratio so that paying amount could arrive which borrower can pay for a property.
Answer:
The correct option is B,common stock 30,000 cash 10,000 and building 20,000
Explanation:
Geraldine Parker's contributions to the business -that is both cash and building are seen as his capital invested in the business.Invariably, it is assumed the new business owes Geraldine Parker the worth of resources invested
Appropriate double entries for the transaction are shown below
Dr Cash $10000
Dr Building $20000
Cr Capital $30000
This is the capital as at the start of the business,it is also possible that Geraldine Parker contributes additional capital which adds to existing capital.
Also,the profits made increases the stake of the owner in the business and drawings should e deducted from the capital in case the owner withdraws cash or goods from the business.
Answer:
The amount of the cash flow from assets is outflow of $42,000, all other cash a re from Cash flow from operation and cash flow from finance.
Explanation:
Operating Cash Flow
net working capital increased from $13,506 to $18,219.
depreciation expenses of $16,805.
Investing Cash Flows
company purchased $42,000 in net new fixed assets
Financing Cash Flows
Miser Materials paid $27,500 in dividends
$28,311 in interest over the past year
firm issued $25,000 in net new equity
and paid off $21,000 in long-term debt.