Answer:
you can start a small business and work your way up or if you are previously wealthy you can buy a business and continue running it
Explanation:
because neither of these jobs require being hired then they are considered a self employing buisness
Answer:
The correct answer is "no"
Explanation:
A market equilibrium occurs in those markets where consumer demand is equal to the amount offered by companies. But they don't necessarily have to be satisfied with the market price.
For example, if a product of basic need is in high demand, the price can be raised a lot which may not result in a fair price for the customer.
On the contrary, a low price on products puts potential competitors out of the market since many times due to production costs they cannot match these prices.
Answer:
1. Allocate overhead costs to jobs: Credit Factory Overhead.
2. Pay factory utilities: Debit Factory Overhead.
3. Purchase indirect material: Debit Raw Materials Inventory.
4. Use indirect materials: Credit Raw Materials Inventory.
5. Direct labor used: Debit Work in Process Inventory.
Explanation:
1. When you allocate overhead costs to jobs: Credit factory overhead. Factory overhead can be defined as cost incurred in the manufacturing process of finished goods and cannot be linked directly to the goods.
2. When you pay factory utilities: Debit factory overhead. Factory overhead can be defined as cost incurred in the manufacturing process of finished goods and cannot be linked directly to the goods.
3. When you purchase indirect material: Debit raw materials inventory. The raw materials inventory comprises of the overall cost of all resources such as component parts that a business has in stock which haven't been used for production of finished goods or work in process.
4. When you use indirect materials: Credit raw materials inventory. Raw materials inventory comprises of the overall cost of all resources such as component parts that a business has in stock which haven't been used for production of finished goods or work in process.
5. For direct labor used: Debit work in process inventory.
$175 is Amy's tax basis in the stock received in the exchange
Solution:
The principle of taxes of the owner is equal in the exchanged land,
when the company assumes responsibility.
If Amy is to sell the stock at $630,
the loss is (630-455) $175,
equivalent to $175, which is the amount of a late loss.
Answer:
Net present value of the equipment = $2,915
Explanation:
Given:
Equipment cost = $109,000
Estimated life = 3 years
Annual cash flow = $45,000
Discounted rate = 10% (3 year discount factor = 2.487)
Find:
Net present value of the equipment = ?
Computation:
Net present value of the equipment = Present value of Annual cash flow - Equipment cost
Net present value of the equipment = [Annual cash flow × discount factor] - Equipment cost
Net present value of the equipment = [$45,000 × 2.487] - $109,000
Net present value of the equipment = $111,915 - $109,000
Net present value of the equipment = $2,915
