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3 years ago

Is what we call the stock of goods that a business or store has on hand?

1 answer:

5 0

<span>Is what we call the stock of goods that a business or store has on hand? Inventory. Inventory and inventory management is so important when it comes to running a business with goods for purchase. The business needs to make sure they have enough supply on hand for the amount of demand that consumers have for the product. Usually there is an inventory management team that keeps track of how the products are staying in stock and when reordering needs to happen. </span>

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asmine Smith owns a condo worth $250,000, a car valued at $15,000, and miscellaneous assets worth $7,500. She owes $190,000 on t

tester [92]

Answer:

The total liabilities amounts to $200,000

Explanation:

The total liabilities of Asmine Smith is computed as:

Total Liabilities = Owing on Condo + Owning a Car

where

Owning on Condo is $190,000

Owning a Car is $10,000

Putting the values above:

= $190,000 + $10,000

= $200,000

Note: Sum Insured under the Insurance Policy, is neither a liability nor assets. And Premium paid is an expense, will be treated as Current Assets.

4 0

3 years ago

Petro Roos is thinking of purchasing the business premises rather than renting it. Provide Two separate advantages and two separ

lilavasa [31]

Answer:

Advantages of buying business premises

There are considerable advantages to securing a mortgage to buy business premises, including:

your mortgage repayment is likely to be similar to or less than a rental payment on the same property
with a fixed rate mortgage, your monthly repayments will be predictable
you aren't exposed to any sudden, large rent increases
you may be able to sublet any free space, reducing your monthly repayments (you may require permission from your lender to do so) and allowing you to generate extra income
interest payments on a commercial mortgage are tax-deductible
any gain in value of the property will increase your capital
as your business grows, you may be able to extend your existing premises, avoiding relocation costs
you have control over what alterations you want to make to your office space

Disadvantages of buying business premises

The disadvantages of buying business premises include the following:

Unlike renting, you'll need to come up with a substantial mortgage deposit - this is money that might be used for more important business purposes.
If you own premises, you may find it harder to relocate your business, because selling business premises is a complex and sometimes lengthy process. If you rent, you may be able to negotiate to end your rental agreement, or to find another organisation to take over your tenancy at short-notice.
If you have a variable rate mortgage, you are exposed to increases in interest rates.
Owning a property means you'll be responsible for factors such as maintenance, fixtures and fittings, insurance, decoration and security, which can prove expensive.
Repaying a commercial mortgage
Commercial mortgage fees and costs
Book traversal links for Advantages and disadvantages of buying business premises

Explanation:

4 0

3 years ago

Which activity might require you to provide your social security number? A)Starting a new job. B)Boarding an airplane. C)Buying

natka813 [3]

You might be required to provide a social security number if you want to rent a car. This implies the correct answer is D.

A social security number is a number that is provided by the US government and issued to the citizens. The social security number can also be given to eligible residents if they apply for it. A social security number (SSN) contains nine-digit numbers and it serves many purposes.

<h2>Further Explanation</h2>

The social security number is used by the government to monitors your earnings and also to know the number of years that you have worked.

If as a retiree, you are entitled to get a social security disability income, the government of the United States will use the details regarding the contributions you make towards your social security.

This information is used to determine whether you are qualified to receive social security benefits and also to calculate how much you have contributed.

However, you will be required to provide your social security number in the following scenarios:

When you need to apply for a federal loan
When you need to apply for some kinds of public assistance
When renting a car
When you enroll in Medicare
When you need to get a driver’s license and many more

LEARN MORE:

Which activity might require you to provide your social security number brainly.com/question/9197489
Which activity might require you to provide your social security number? brainly.com/question/3852479

KEYWORDS:

renting a car
medicare
social security number
federal loan
nine digits

3 0

3 years ago

Read 2 more answers

Suppose the marginal cost of the 1st hour of talking on the phone is $50, the marginal cost of the 2nd hour is $75, and the marg

Nutka1998 [239]

Answer:

$230

Explanation:

Data given in the question

Marginal cost of the first hour = $50

Marginal cost of the second hour = $75

Marginal cost of the third hour = $105

So by considering the above information, the total cost is

= Marginal cost of the first hour + Marginal cost of the second hour + Marginal cost of the third hour

= $50 + $75 + $105

= $230

We simply added the marginal cost of all three hours in order to determine the total cost

5 0

3 years ago

Western Wear Clothing issues 1,600 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming t

Kaylis [27]

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

Cash Dr, (1,600 shares × $13 per share) $ 20,800

To Common Stock (1,600 shares × $ 0.01 par) $16

To Additional Paid in Capital in excess of par-Common Stock $20,784

(Being Issuance of common stock is recorded)

Therefore for recording the issuance of common stock we debited cash and credited common stock and additional Paid in Capital in excess of par common stock

7 0

3 years ago