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1 year ago

Leading indicators are events that have been found to occur before changes in business activities.

1 answer:

4 0

This Statement is True. Leading indicators are events that have been found to occur before changes in business activities.

Business is the practice of earning a living or making money by manufacturing, purchasing, and selling items (such as goods and services). It is also "any profit-making activity or enterprise."

Having a business name does not detach the owner from the business entity, which means the owner is responsible and liable for the business's debts. Creditors may seize the owner's personal belongings if the company incurs debts. In a business structure, corporate tax rates are not permissible. All business income is taxed directly to the proprietor.

The phrase is also frequently used informally (though not by lawyers or public authorities) to refer to a business or cooperative.

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The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31, 2022.

pishuonlain [190]

Answer:

Dependable Delivery Service

Classified balance sheet as at July 31, 2022

Non Current Assets

Equipment $59,360

Total Non Current Assets $59,360

Current Assets

Accounts Receivable $11,400

Prepaid Insurance $1,800

Cash $15,940

Total Current Assets $29,140

Total Assets $88,500

Equity and Liabilities

Equity

Common Stock $40,000

Retained Earnings $8,750

Total Equity $48,750

Liabilities

Non Current Liabilities

Notes Payable, due 2024 $31,450

Total Non Current Liabilities $31,450

Current Liabilities

Accounts Payable $7,400

Salaries and Wages Payable $900

Total Non-Current Liabilities $8,300

Total Liabilities $39,750

Total Equity and Liabilities $88,500

Explanation:

Its very important to calculate the Retained Earnings Balance at the end of July 2020.

To do this, we need to first calculate the Net Income for the period as follows :

Income Statement for the year ended July 31, 2022

Service Revenue 15,500

Less Expenses :

Maintenance and Repairs Expense 1,200

Utilities Expense 950

Insurance Expense 600

Salaries and Wages Expense 8,400 (11,150)

Net Income/(loss) 4,350

Then, calculate the Retained Earnings Balance as follows :

Retained Earnings Calculation

Beginning Balance 5,200

Add Net Income during the period 4,350

Less Dividends (800)

Ending Balance 8,750

6 0

3 years ago

What is journal entry is goods return to sanjay

liq [111]

Two Types of Goods Return:

Purchases Return or Return outward.
Sales Return or Return inward.
Purchases Return Goods

For Examples :

Purchases goods from Mrs. Kuheli Rs. 2000

5 0

3 years ago

Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 6 comma 800 items in its invento

Nitella [24]

Answer:

99 items

Explanation:

Total number of items = 6,800

The number of items per type is:

$A= 6,800*0.08\\A=544\ items\\B= 6,800*0.34\\B=2,312\ items\\C= 6,800*0.58\\C=3,944\ items$

The number of items of each type counted per day is:

$n_A=\frac{544}{20}\\n_A=27.2\\n_B=\frac{2312}{59}\\n_B=39.2\\n_C=\frac{3944}{121} \\n_C= 32.6\\$

The total number of items counted per day is:

$n = n_A+n_B+n_C=27.2+39.2+32.6\\n=99\ items\ per\ day$

6 0

3 years ago

Cung leads the design team at Rapidware, a software firm that deigns custom software to meet its clients' needs. He needs to hir

irina1246 [14]

Answer:

C) Rico, a curious person who loves art and buys the latest gadgets.

Explanation:

The candidate who would best meet Cung's requirements would be Rico.

It is possible to make this decision by analyzing the characteristics of each of the candidates available for the job vacancy.

The necessary requirements for the vacancy are: an employee to recognize when new approaches are needed and learn what customers need and quickly present an innovative way to serve them.

Analyzing Lanny's profile, it is clear that he is not the ideal candidate, as he forces others to do things his way, which does not constitute an attitude of recognizing new approaches and maintaining a posture favorable to innovation.

Another candidate, Gale, a lovely character who encourages and helps everyone, but there is no information if he has the necessary knowledge to serve customers and present solutions related to the technological field.

Gage, a very successful self-proclaimed "old school" worker, is also not an essential candidate for promoting new approaches and innovation.

And Jennifer, a methodical worker, also lacks the essential requirements, as an innovative attitude requires an employee with a more flexible posture to accept new ideas and approaches.

Therefore Rico would be the most suitable to be hired, as he has a curious and consumer profile of the latest technological devices, which could assist customers in their choice and also accept new innovations and approaches.

6 0

3 years ago

Unions contribute to Select one: a. frictional unemployment but not the natural rate of unemployment. b. the natural rate of une

Verizon [17]

Answer:

The correct answer is letter "C": both frictional unemployment and the natural rate of unemployment.

Explanation:

Natural unemployment is defined as the lowest rate of unemployment an economy will reach. It is called natural because its causes are other than an adverse economy. Natural unemployment is a combination of frictional unemployment -employment transitions, structural unemployment -mismatch between abilities and current position, and labor surplus.

Unions are groups of individuals who join to set minimum standards at work in regards to wages, compensations, and conditions. Union members are, by default, always available to join the workforce even if there is work to be done or not. Sometimes, union members are assigned duties their abilities outperform just to avoid having the member unemployed. These are the reasons why unions are said to contribute to natural unemployment.

5 0

4 years ago