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o-na [289]
2 years ago
6

Francine is interested in starting a new financial services company where she will manage the investments of others. she wants t

o generate her own funding as well as lead the business once it gets started. francine will assume all risks and rewards of the new enterprise. francine would be considered an entrepreneur because she is:
Business
1 answer:
Temka [501]2 years ago
8 0
<span>According to the feasibility analysis framework, an entrepreneur who has a vision of a multi-unit company will be satisfied with an attractive niche if it would serve as a point of entry for long-term potential.</span>
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Your company obtains a short term loan on September 1st, 2019 to cover costs to purchase inventory. The loan is for $50,000, the
artcher [175]

Answer:

a. Journal Entry on September 1st, 2019:

Dr: Cash/ Bank     $50,000

Cr: Short Term Loan     $50,000

b. Journal Entry to accrue interest on December 31st, 2019 is:

Dr: Interest Expense    $1,333.33

Cr: Accrues Interest Expense     $1,333.33

c. Interest Expense on March 31st, 2020 is :

$1,000

d. The Total cash company will pay back on March 31st 2020:

52,333.33 (50,000 principal + 2,333.33 interest)

Explanation:

b. Annual Interest is $50,000×8% = $4,000 per annum.

The annual interest rate is prorated for 4 months (Sept 2019 -Dec 2019)

$4,000 *4/12 = $1,333.33

c. Interest expense for next fiscal year up till March 2020 is calculated by prorating annual interest expense for 3 months (Jan 2020- Mar 2020)

$4,000×3/12 = $1,000

8 0
2 years ago
Jimmy John's sandwiches claim to have "Freaky Fast" delivery. This ________, which refers to the place a product occupies in con
Salsk061 [2.6K]

Answer:

D) Product Positioning

Explanation:

Product positioning is the process used by marketers to communicate about their products to targeted customers. They focus primarily on the needs of the customers, availability of the channels for communication and attributes of the products. It enables the target customers to receive all the messages and update regarding the business and ask them to take the necessary steps accordingly.

7 0
3 years ago
A problem is listed below. Identify its type. A certain company has purchased new swivel chairs for its employees. The company m
DochEvi [55]

Answer:

it is 12.8%

Explanation:

cause it is

8 0
2 years ago
Suppose that Sheldon and Leonard can either run errands or wash dishes. The time it takes each of them to accomplish one of thes
MrMuchimi

Answer: Sheldon focuses or specialize on running errands and Leonard in washing dishes;

they trade at 1 errand run per 20 dishes washed

Explanation:

Sheldon focuses or specialize on running errands and Leonard in washing dishes; thus this the individual specialization

they trade at 1 errand run per 20 dishes washed this is the terms of trade they both can agree on.

6 0
2 years ago
Exercise 14-13 Coronado, Inc. had outstanding $5,460,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years.
cupoosta [38]

Answer: Please see expalantion coumn for answer

Explanation:

1) To record issuance of bonds

Date            Account Title            Debit                        Credit

July 1        Cash                         $9,457,500

Discount on bond payable          $292,500

Bond payable                                                               $9,750,000

Calculation:

Cash  =$9,750,000 x 97% = $9,457, 500

Discount = $9, 750,000 - $9,457,500= $292,500

2)To record retirement of 11% bonds

Date            Account Title                        Debit                        Credit

August 1st     Bond payable             $5,460,000

Loss on Redemption of bonds        $218,400

Cash                                                                                            $5,569,200

Discount on Bonds payable                                                           $109,200

Calculation:

Cash =$5,460,000  x 102%  = $5,569,200

Loss on Redemption of bonds = Cash + Discount on bonds payable - Bonds payable =  $5,569,200 + $109,200) - $5,460,000=  $218,400

7 0
3 years ago
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