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Rufina [12.5K]
3 years ago
7

Shania operates an event-planning business and specializes in organizing corporate events. Her business is new but although she

has planned a small number of successful events, her calendar has many openings that she needs to fill. Shania realizes she needs to book more events if she wants to improve her net profit. Which of the following identifies the best possible solution to the problem?
Question 6 options:

Expand her business to the biggest city near her, which is 60 miles away


Lower her prices


Attend local networking events organized by the local Chamber of Commerce


Spend more money to make her events even more impressive
Business
1 answer:
kvasek [131]3 years ago
4 0
I would say her best bet would be to attend her local networking events put on by the Chamber of Commerce or start her own as networking can work miracles by pooling the knowledge of various colleagues. Myself I helped start a networking breakfast club and have found work through it and also helped others in the club  to find work as well (engineers and geologists contracting and consulting). 
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Why is pay a valuable part of employee recognition? What are the potential results
Nutka1998 [239]

Answer:

If your staff is unsatisfied and leaves your company for a more competitive rate elsewhere, you'll have new expenses, including the cost of hiring and training new team members. Companies that don't offer competitive pay also risk a decrease in overall employee performance.

7 0
2 years ago
On December 27, a business completed a $400 service that had not yet been billed or recorded as of December 31. Demonstrate the
Scrat [10]

The required adjusting entry would be to debit the Accounts receivable; credit; service revenue

<h3><u>Explanation:</u></h3>

When a company provides its goods or services for credit, then the amount that is to be received by the company is termed as Accounts Receivable. In the balance sheet of the company, accounts receivable are reported in the current assets section.

The sales that are being reported by a company related to the services that it provides to the customers is referred as service revenue. This can be either billed or unbilled in nature  until receiving the amount. In the example given the services is not yet billed by the company. hence the  required adjusting entry would be to debit the Accounts receivable and credit the service revenue.

7 0
3 years ago
2. The New Western Company in Fort Frances, Ontario, owned by Guy Albrecht, had the following assets and liabilities on March 31
Reil [10]

The working capital from the balance sheet of New Western Company equals $205,892.

<h3>What is the Balance sheet of New Western Company?</h3>

                         New Western Company

                    Balance sheet as of that date

<u>Non current assets </u>

Furniture and Equipment 75,840

Trucks                                35,000

Land                                   50,000

Building                              <u>140,000</u>

TOTAL                                                $300,840

<u />

<u>Current assets</u>

Debtors (750+400+1,235)  2,385

Bank                                     1,896

Suppliers                              <u>850</u>

TOTAL                                                 <u>$5,131</u>

TOTAL ASSET                                     <u>$305,971</u>

<u></u>

<u>Current Liabilites</u>

Creditor (9345+2356+3378)  15,079

Bank loan                                10,000​  

Mortgage payable                   <u>75,000</u>

Total                                                       <u>$100,079</u>

Working Capital                                    <u>$205,892</u>

<u></u>

<u></u>

Read more about Balance sheet

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4 0
2 years ago
A sales invoice included the following information: merchandise price, $12,000; terms 1/10, n/eom, FOB shipping point with prepa
lawyer [7]

Answer:

$12,285

Explanation:

Term 1/10, means if the buyer pays the seller within 10 days, the buyer will receive 1% sales discount. However, n/eom means the payment must be paid within a certain number of days of the month according to the agreement.

Accounting explanation:

Here, Merchandise price = $12,000

Sales return = $500

Total Sales = $11,500

Since the invoice is paid within the discount period, and the discount is 1%

Sales Discount = $11,500 x 0.01 = $115

Net Sales = $(11,500 - 115) = $11,385

FOB shipping point means buyer has to pay the freight cost. Therefore,

Total amount of cash to be paid by the customer (or, to be received by the seller) = $11,385 + $900 = $12,285

3 0
3 years ago
Accretion of the discount on a municipal bond is an accounting process that increases the security's:
Vika [28.1K]
Hope this helps Accretion is a term used in accounting for bonds and accretion is required when a bond is purchased at a discount. Bonds are issued with a face amount (par value) of $1,000, or a multiple of $1,000. The investor receives $1,000 at maturity, and the interest rate on the bond is based on the $1,000 face amount.<span>

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3 0
3 years ago
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