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3 years ago

A small business can thrive, even in a bad economy. True False

Business

2 answers:

just olya [345]3 years ago

3 0

I'm pretty sure it's true.

Rainbow [258]3 years ago

3 0

False because it wouldn't make sense for a small business to thrive if it has a low economy (money)

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Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2

ValentinkaMS [17]

Answer:

(B) Operating income has increased as a percentage of revenue

Explanation:

Conducting a vertical analysis,

Operating income (year 1) = Fees earned, less operating expenses

= 149,700 - 127,245 = $22,455

Therefore operating income as a percentage of revenue = 22,455/149,700 = 15%.

Operating income (year 2) = 153,500 - 122,800 = $30,700

Therefore operating income as a percentage of revenue = 30,700/153,500 = 20%.

Therefore, operating income as a percentage of revenue increased from year 1 to year 2.

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3 years ago

Just-in-time inventory (JIT) systems: a. are used only by manufacturing firms. b. provide a buffer stock of inventory for a comp

Annette [7]

Answer:

The correct answer is d. are used to reduce inventory holding costs.

Explanation:

The Just-in-time inventory (JIT) system is a stock management system where stock is received when needed for production (stock received just in time for production). This inventory strategy increases efficiency and decreases waste by receiving goods only as they need them for the production process, which reduces inventory costs. However its effectiveness lies in accurate demand forecast.

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3 years ago

Searcy has accounts receivable of $700,000 and an allowance for doubtful accounts of $54,000. On January 24, 2020, it is learned

raketka [301]

Answer:

d. Credit to Accounts Receivable.

Explanation:

Hutley Inc. is not going to pay the $8,000 to Searcy, therefore Searcy will make the following entry to write off the balance from Account Receivables.

Debit: Allowance for Doubtful Accounts $8,000

Credit: Accounts Receivables $8,000

To write-off Hutley Inc. receivables.

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3 years ago

All's fair appliance company is an appliance wholesaler. select the most appropriate audit procedure from the list below and ent

Natali5045456 [20]

a. Compare designated amounts from the accounts payable listing with the voucher and supporting entitites.

b. Select a sample of receiving documents for a few days before and after year end.

c. Obtain a listing of the accounts payable and agree total to general ledger control account.

d. Review drafts of the financial statements

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3 years ago

Which savings account will earn the most interest?

mestny [16]

Answer:

it would be 10,000 for 4.00% interest for 4 years.

Explanation:

the reason is the amount would turn out at 10,824 dollars and you earned 824 dollars in income.

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2 years ago