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4 years ago

Why are most businesses considered small?

Business

1 answer:

mr Goodwill [35]4 years ago

4 0

Answer:

Employees of small businesses also must adapt to the higher failure rate of small firms, which means that they are more likely to lose their job due to the firm going under. ... Outside government, companies with less than $7 million in sales and fewer than five hundred employees are widely considered small businesses.

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Mike owns a skate shop. He is preparing the cash flow statement for his first year of

Katyanochek1 [597]

Based on the information given Ending Cash Balance is $96,200.

<h3>Ending Cash Balance </h3>

Using this formula

Ending Cash Balance = Beginning Cash + Cash Inflow - Cash Outflow

Where:

Beginning Cash=$4,800

Cash Inflow =$103,000

Cash Outflow=$3,500+ $2,600+ $5,500 =$11,600

Let plug in the formula

Ending Cash Balance =$4,800+$103,000-($3,500+ $2,600+ $5,500 )

Ending Cash Balance =$4,800+$103,000-$11,600

Ending Cash Balance =$96,200

Inconclusion the Ending Cash Balance is $96,200.

Learn more about Ending Cash Balance here:brainly.com/question/14467401

3 0

2 years ago

A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the fol

grigory [225]

Answer:

C: The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing.

Explanation:

Production possibility curve shows various combinations of two different products that a firm can produce given a limited resources. The maximum that a firm can produce is represented along the curve. Area under the curve represents inefficient use of resources and area above the curve is out of reach because of limited resources.

Option C cannot be illustrated by PPF.

6 0

3 years ago

"Listed as follows are eight events or transactions of Lone Star Corporation. a. Made an adjusting entry to record interest on a

Darina [25.2K]

Answer:

The reasons for each of the given transactions are mentioned below.

Part a.

Interest accrued on notes payable increase the current liabilities as well as interest expense for the period whereas net income and owner's equity are decreased with the same. However, revenue and assets are not affected.

Part b.

The current liabilities for the interest-bearing installment note payable and cash as asset decreased as well as net income and owner's equity also decreased. However, interest expense for the period is increased whereas revenue not affected.

Part c.

The payroll expense for the period as an expense and payroll tax payable including employees amount withheld as current liability increased. Net income for the period and cash as asset decreased. However, revenue and long-term liabilities are not affected.

Part d.

In the given case, the notes payable which were originally issued for 24 months such as long-term liabilities came within the 12 months of the maturity date. Therefore. the long-term liabilities decreased and current liabilities increased. All other items are unaffected.

7 0

4 years ago

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Which of the following is not a reason the Gulf Coast has been successful in industry?

andrezito [222]

The answer is d. Petrochemicals

In the United states, the Gulf Coast is the coastline between southern United states and Mexico. From the options above , petrochemicals is the least successful industry on the Gulf Coast

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3 years ago

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Which of the following items could be painted in a dark color to be on trend in 2020?

adell [148]

I think black toilets would be cool and a 2020 trend and if not hopefully in 2021

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3 years ago