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2 years ago

John d rockefeller built his own oil empire by creating

1 answer:

7 0

John D. Rockefeller built his own oil empire by creating Monopoly

In 1882, He managed to buy all of his rivals in oil industry, making his company, the Standard Oil became the one and only oil company in the United states without having a single rival in the industry

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At the beginning of the year, Uptown Athletic had an inventory of $640000. During the year, the company purchased goods costing

Nataly_w [17]

Answer:

Cost of Goods Sold = $1,700,000

Gross Proft = $1,740,000

Explanation:

We solve this assingemtn using the inventory identity:

$$$Beginning Inventory + Purchase = Ending Inventory + COGS$

We post the given and solve for the missing part:

640,000 + 2,020,000 = 960,000 + COGS

COGS = 640,000 + 2,020,000 - 960,000 = 1,700,000

Next we use the COGS value to calculate the gross profit.

$Sales \: Revenues- \: COGS = \: Gross \: Profit$

3,440,000 - 1,700,000 = 1,740,000

8 0

3 years ago

Do believe that entrepreneurs are 'born' and not 'made'? Justify your answer.

skelet666 [1.2K]

Answer:

Entrepreneurs are born and not made.

Explanation:

In order to be an entrepreneur you must have good business ethic and life skills, no one can make you have the mindset and ethic of an entrepreneur only influence on the skills you are already born with.

3 0

2 years ago

The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal y

ruslelena [56]

Answer:

$13,000 is the year-end balance in retained earnings for K and J Nursery, Inc.

Explanation:

Total Assets = Cash + Account Receivable + Inventory + Equipment

Total Assets = 35,000 + 30,000 + 44,000 + 99,000

Total Assets = 208,000

Total Liabilities = Account Payable + Salaries Payable + Interest Payable + Note Payable

Total Liabilities = 33,000 + 14,500 + 10,500 + 49,000

Total Liabilities = 107,000

Total Assets = Total Equity + Total Liabilities

Total Equity = Total Assets - Total Liabilities

Total Equity = 208,000 - 107,000

Total Equity = 101,000

Retained Earning = Total Equity - Common Stock

Retained Earning = 101,000 - 88,000

Retained Earning = 13,000

8 0

2 years ago

Accrediting organizations expect hospitals to implement practices to prevent healthcare-associated infections (HAI). One importa

Natalka [10]

Answer: proper hand hygiene

Explanation:

8 0

3 years ago

This is a receipt for a purchase made at a restaurant in

zepelin [54]

Answer:

10.00 , .85 , 8.5

Explanation:

5 0

3 years ago

Read 2 more answers