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Ahat [919]
1 year ago
6

Write about how bookkeeping is done in a small business and what they can do to improve their business

Business
1 answer:
jonny [76]1 year ago
3 0

Bookkeeping can be done in small business by following these procedures:

  • Creation of  a New Business Account is required.
  • Setting  Budget  just for  Tax Purposes.
  • make your  Records Organized.
  • Tracking of all the business  Expenses.
  • Maintaining  Daily Records.
  • Leaving an Audit Trail.

<h3>What is the purpose of bookkeeping and how can it  improve their business?</h3>

The  book-keeping is very essential in business because it  keep a complete as well as  accurate record of all the financial transactions.

This is been done in  in a systematic orderly and  logical manner, by following the steps above the business can be improved.

Find out more on Bookkeeping at brainly.com/question/25572872

#SPJ1

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Which one of the following should earn the most risk premium based on CAPM?
Nina [5.8K]

Answer:

The portfolio with a beta of 1.38 should earn the most risk premium based on CAPM.

The correct answer is B

Explanation:

A diversified portfolio with returns similar to the overall market will not earn the most risk premium because its beta is equal to 1.

A stock with a beta of 1.38 produces the most risk premium because any stock with the highest beta gives the highest risk-premium. This is the correct answer.

A stock with a beta of 0.74 does not provide the highest risk premium.

Us treasury bill does not provide any risk premium since it is the risk-free rate.

A portfolio with a beta of 1.01 does not produce the highest risk premium.

5 0
3 years ago
The following annual amounts pertain to the Wolf Company: Estimated Overhead Costs $ 101,988 Estimated Direct Labor hours 67,992
mezya [45]

Answer:

under applied by $1,000.

Explanation:

The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $101,998 ÷ 67,992 hours

= $1.50

Now we have to find the applied overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

= 70,000 hours × $1.50

= $105,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $106,000 - $105,000

= $1,000 under-applied

8 0
3 years ago
2.3 The Ledger and Posting
blsea [12.9K]

The net change in the Cash account balance from these three transactions is $30,000

What is the company's net change in cash account balance?

The net change in company's cash balance is the excess of its cash inflows from sources minus its cash outflows from all sources, in other words, the net change in cash balance from the three transactions is the funds raised long-term debt issuance and the amounts paid for equipment and raw materials

net change in cash balance=$200,000-$150,000-$20,000

net change in cash balance=$30,000

Find out more cash flow statement on:brainly.com/question/14942025

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8 0
2 years ago
Alan, 46, and Donna, 33, are filing a joint return for 2019. Neither is blind, and neither can be claimed as a dependent. They d
maksim [4K]

Answer:

$24,400

Explanation:

Assuming that Alan and Donna are married and they decide to file their taxes together, the standard deduction for 2019 taxes was $24,400.

The standard deduction increases if you or your spouse is over 65 years old, or if any of you is blind. The standard deduction generally increases a little bit every year, e.g. during 2018 it was $24,000 and for 2020 it is $24,800.

8 0
3 years ago
Beth and Bob Martin have total take-home pay of $4,600 a month. Their monthly expenses total $3,450. Calculate the minimum amoun
blsea [12.9K]

Answer:$10,350

Explanation:

3,450* 3 (month minimum) = 10,350

6 0
3 years ago
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