Answer:
Option "C" is the correct answer to the following question.
Explanation:
In the following situation, Jack, Hal, and Sophia agreed to a business without an agreement, so in this situation, if jack wants not to take $100,000, he is not liable for this because it is the agreement for sale without the non-competition clause.
So, it is a valid contract.
Therefore, option "C" is the correct answer.
Answer:
$10,800
Explanation:
What Jonathan took home was after paying the commission which means that the amount is 94% because 6% is the commission paid. This means that 6% of the amount can be found by:
6% of the Gross amount (per-commission)
= Amount * %age we want / %age we are at = ($423000 * 6%/94%) = $27,000
And out of this $27000 the amount she received is 40% so 40 percent is $10,800 ($27000 * 40%).
Explanation:
This can be an interesting idea to start entrepreneurship, since starting a pet sitter service just requires liking animals and publicizing the service, which can be done for free through social media. I believe this is a good opportunity to learn more about managing your own business, meeting a new network of people and understanding the service market, as well as being a source of extra income.
Entrepreneurship is all about identifying people's needs and turning them into products and services that can be profitable, in addition to being a great tool to assist in the development of individual skills, market knowledge, innovation capacity, etc.
Answer:
Total Stockholder's Equity = $7,200,000
Explanation:
Power Drive Corporation
Partial Balance Sheet
As on Dec.31, 2021
Stockholder's Equity:
Common Stock $100,000
Additional Paid in-Capital $4,500,000
Retained Earning at beginning $2,000,000
Add: Net income <u>$600,000</u>
Total Retained Earnings <u>$2,600,000</u>
Total Stockholder's Equity <u>$7,200,000</u>
Answer:
B. You can get a volume discount on your products.
I hope this helps!