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max2010maxim [7]
11 months ago
13

According to the small business administration, over 50 percent of all small businesses are home based. true false

Business
1 answer:
Anastasy [175]11 months ago
4 0

According to the small business administration, over 50 percent of all small businesses are home based. FALSE

A domestic commercial enterprise is a small l business administration, people operate from their homes. We additionally name it a domestic-based enterprise. maximum domestic companies do not have many employees. employees in such agencies generally both make money working from home or for agencies that operate as subcontractors.

Small business administration, out of the house gives some the blessings, together with time financial savings, control over running hours and situations, independence, and versatility. starting a domestic-based commercial enterprise is also substantially inexpensive than beginning a commercial enterprise in rented facilities. Small businesses are either offerings or retail operations like grocery stores, clinical shops, tradespeople, bakeries, and small production units.

Learn more about small business administration here:-brainly.com/question/13424073

#SPJ4

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Craig's collected $15,000 from customers for games played in july. craig's sold bowling merchandise inventory from its pro shop
tekilochka [14]

Answer:

cash 15,000 debit

  account receivables 15,000 credit

cash  3,000 debit

A/R    5,000 debit

  service revenue 8,000 credit

COGS  6,800 debit

   Merchandise   6,800 credit

Cash  4,000 debit

 A/R               4,000 credit

Cash   2,500 debit

  *unearned revenue   2,500 credit

**utilties payable   800 debit

       cash                   800 credit

salaries expense 3,500 debit

      cash                      3,500 debit

***prepaid expene        375  debit

prepaid insurance   1,125  debit

     cash                             1,500 credit

repairs expense      700 debit

      cash                           700 credit

utilities expense      900 debit

   utilities payable            900 credit

Explanation:

We will record following the debit = credit rule

* It will be considered unearned revenue as we didn'0t perform the services we have the obligation to do so therefore, it is a liability.

**as the expense was recorded previously a payable was created to recognize the obligation to pay our utilities. Therefore, we write-off the payable

*** 1,500 is the full contract value for 4 months:

1,500 / 4 = 375 per month

one most is declared as expense and the remainder as prepaid.

7 0
3 years ago
A company that uses a strategy of selling its products to a distributor in another country would be using.
storchak [24]

A company that uses a strategy of selling its products to a distributor in another country would be using <u>exporting.</u>

<u></u>

<h3><u>How Do Exports Work?</u></h3>

Exports are products and services made in one nation and offered to customers in another. Imports and exports together make up global trade.

Because they give people and businesses access to a larger market for their products, exports are crucial to modern economies. Fostering economic commerce, and boosting exports and imports for the advantage of all trading parties, is one of the primary goals of diplomacy and foreign policy between countries.

<u>Benefits of Exporting for Businesses</u>

There are numerous reasons why businesses export their goods and services. If the goods open up new markets or widen existing ones, exports can boost sales and profits and may even offer the chance to gain a sizeable portion of the worldwide market. Exporting businesses diversify their markets to reduce business risk.

Learn more about export with the help of the given link:

brainly.com/question/17134731

#SPJ4

7 0
1 year ago
In the state where Susan lives, drivers whom private insurance companies do not want to insure are placed in a common pool, and
deff fn [24]

Answer: Joint Underwriting Association

Explanation: An association which affords licensed drivers the opportunity to come together and provide coverage or compensation for vehicle owners or insurers is the Joint Underwriting Association. Members of the association are usually composed of drivers who have been unable to obtain insurance the regular or private insurance companies usually due to the risk exposure level of the driver's or car owners. The joint Underwriting Association requires that members pay shares fees and share of pool losses. However, they are usually more affordable than the standard insurance coverage offered by most private insurance companies and thus provides an insurance lifeline to high risk drivers.

3 0
3 years ago
Torid Company processes​ 18,700 gallons of direct materials to produce two​ products, Product X and Product Y. Product X sells f
lana66690 [7]

Answer:

$0

Explanation:

Data given in the information

Product X is the byproduct.

In addition, the By products are recorded in the general ledger at the point of sale

So in this case, the quantity sold is considered only no other things would be recognized

Hence, in this the quantity sold and quantity produced is not recorded

Therefore , No ending inventory should be recognized in the general ledger for this by products

4 0
3 years ago
Use the information for Geiberger Corporation from BE21.12, except assume the collectibility of the rentals is not probable. Pre
Vikentia [17]

Answer:

Date                Account title                                      Debit                Credit

12/31/2019      Lease Receivable                           $175,934

                      Cost of Goods sold                         $120,000

                      Sales Revenue                                                        $175,934

                      Inventory                                                                  $120,000

Date                Account title                                      Debit                Credit

12/31/2019      Cash                                                 $40,800

                       Deposit Liability                                                        $40,800

The rental amount is constant and is made on the first day of the lease period so this is an annuity due.

As the collectability is probable, you need to find the present value of this lease:

= 40,800 * Present value of annuity due factor, 5 year, 8%

= 40,800 * 4.3121

= $175,933.68

= $175,934

7 0
3 years ago
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