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2 years ago

Describe:

1 answer:

8 0

Entrepreneurship is the act of starting own business, this includes risk, most of the times financial loans are obtained from banks and secured against assets of the business.

<h3 /><h3>What is Small Business?</h3>

A small business is the business which is small in nature, mostly this includes sole traders, the capital is injected by the owner there is no or lower long term liabilities, fewer employees and lower revenue.

Small businesses should be encouraged as these businesses provide profits to individuals which will also contribute to the economy, and these small businesses will provide employment opportunities to young individuals. They fail because of high risk.

Learn more about Small Business at brainly.com/question/27367881

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A company has three products possible products that it can produce in a machine intensive production process. Capacity is constr

disa [49]

Answer:

Explanation:

A B C

Contribution per unit 20 30 40

Machine hours per unit 2.5 3.25 4.5

Contribution per hour 8 9.23 8.89

Product B has the highest contribution per hour .

It is stated that the capacity is constrained by the number of hours the machine can run during a period . and all products produce will be sold. This has made the machine hour the determinant factor in the situation.

Therefore product B should be emphasized if the goal is to maximize contribution margin.

3 0

4 years ago

On January 1, 2019, Smith, Inc., has the following balances for accounts receivable and allowance for doubtful accounts: Account

slava [35]

Answer:

1. $372,150

2. $650

Explanation:

1. Smith's preadjustment balance in accounts receivable on December 31, 2019:

= Accounts Receivable on January 1, 2019 + Credit sales - Collected accounts receivable - uncollectible accounts receivable

= $386,000 + $2,895,000 - $2,905,000 - $3,850

= $372,150

2. Smith's preadjustment balance in allowance for doubtful accounts on December 31, 2019:

= Allowance for Doubtful Accounts (a credit balance) on January 1, 2019 - uncollectible accounts receivable

= $4,500 - $3,850

= $650

3. The Journal entry is as follows:

Bad Debt Expense ($3,800 - $650) A/c Dr. $3,150

To Allowance for Doubtful Accounts $3,150

(Record adjusting entry for bad debt expense estimate)

5 0

3 years ago

ctual and budgeted fixed overhead $1,092,000 Standard variable overhead rate $27.00 per standard labor hour Actual variable over

icang [17]

Answer:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Explanation:

Giving the following information:

Actual and budgeted fixed overhead $1,092,000

Standard variable overhead rate $27.00 per standard labor hour

Actual variable overhead costs $137,144

We weren't provided with enough information to calculate the direct labor rate variance. But I will provide the formula.

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= actual direct labor costs/total actual hours worked

7 0

4 years ago

f an agent indulges in commingling, she _____. Select one: a. most likely will not be liable for loss to the principal b. violat

tatyana61 [14]

<u>Answer:</u>Option D

<u>Explanation:</u>

Commingling means the money of various investors are pooled together to trade with securities. This is usually done by the agents who acts as the investment managers they collect money from various investors and put it together as single fund. The advantages of this method are the fees is lower.

Some people indulge in illegal activities of combining investors money with their personal money. This helps the agents to invest large funds by pooling in funds. Any risk on the principal amount has to be borne by the agent.

4 0

3 years ago

describe a shopping good that you are someone you know purchase what kind of research did you order that person do before buying

madam [21]

An example of a shopping good that I would be interested in purchasing is a smart TV. The research I would conduct include doing a price comparison by visiting various online stores. I would also research on the features of various smart TVs by reading online reviews.

3 0

3 years ago