Key factors for success in an industry
As a reminder, the 5 Key Success Factors are:
Strategic Focus (Leadership, Management, Planning)
People (Personnel, Staff, Learning, Development)
Operations (Processes, Work)
Marketing (Customer Relations, Sales, Responsiveness)
Finances (Assets, Facilities, Equipment)
Answer:
generally you need to determine the cost per unit, but in this case you are given a percentage of depletion = 10% x $225,000 = $22,500 which determines the inventory value (or depletion expense if the timber is sold) during the year.
the journal entry should be:
December 31, 20xx
Dr Timber inventory 22,500
Cr Accumulated depletion - timber tract 22,500
Answer:
There is sacrifice to having your own business. Sam wasn't ready to invest the hours needed to make it on his own.
Explanation:
There are many advantages to opening a new business. When you are an entrepreneur it is easy to get lost in all the benefits and don't pay attention to many os its disadvantages.
A big disadvantage is that you are always at work, you are working everywhere at all times. There are no off days, if you’re not working, then you’re not earning. You don’t need to be engaged 24/7 to have a chance at success in the world of entrepreneurship, but you will be working a lot more often.
Most people who find success in the world of entrepreneurship are working longer, harder days than the average “traditional” employee. You do have some flexibility when putting in those hours, so you can structure medical appointments, school visits, and other family needs within your day. You do not have the luxury of cutting back on your hours most days.
There is sacrifice to having your own business. Sam wasn't ready to invest the hours needed to make it on his own.
Answer:
Purchase return.
Explanation:
A purchase return is a book usually prepared by the seller to record items such as fixed assets , inventories returned by the buyer. It is important that sellers take note of purchase returns as they could cut down the profit of business.
Goods or inventories may be returned by buyers due to buying defect products, goods ordered by the buyer are higher than what is required hence returns the excess, wrong supply of goods by the seller etc.
A seller may however charge a fee if the goods returned is due to the buyer's fault or the seller gives allowance to the buyer if the fault is his.
Answer:
Subordinated bonds, also known as subordinated debts, is an unsecured loan or bond that ranks below other, more senior loans or securities with the respect to claims on assets or earnings. Generally, subordinated bonds are debts that can be added to preferred stocks. Preferred stocks can be viewed as long- term investments, but are generally more risky because they are more sensitive to interest- rate risk if the rates rise. If they rise, then the price of the preferred stocks may fall and can fall lower than the price of short- term bonds. The difference between subordinated bonds and senior bonds is the priority in which the debt claims are paid. If one has to file bankruptcy or face liquidation, senior debts is paid back before the subordinate debt. Once the senior debt is completely paid back, then the subordinate debt starts being repaid.
Explanation:
