The classified balance sheet will show which asset subsections?
b. current assets and property, plant, and equipment
Assests are divided into current assets and PPE, Thus there are going to be 2 sections in assets sides.
Answer:
B)many people become entrepreneurs because they do not enjoy working for someone else.
Explanation:
The examination of the reasons provided by the people who wants to accept the entrepreneurship risk as here most of the people become entrepreneurs but at the same time they dont enjoy working for someone else as they wabt to work for themselves not for someone else
Therefore as per the given situation, the option b is correct
Answer: 20.86%
Explanation: From the question, the credit term is 2/10, n/45. Which means that the customer gets a 2% discount if payment is made within 10 days. But the customer did not make use of this offer. The equivalent annual Interest lost on the amount of purchases is :
365/ (45-10) * 0.02 = 365/35*2%
= 0.20857 *100= 20.86%
This is calculated using 365 days in a year.
Answer:
A. DR Petty Cash 200; CR Cash 200
Explanation:
We are asked for the entry on June 1st to stablish the petty cash fund.
The data on June 30th is irrelevant for this question.
We will only work with the information of june 1st
The ptty cash, will be an asset account. To crease an asset account we will debit it.
On credit side, we need to show how is this asset generated. In this case, with another asset, cash. Cash will be credited to show that 200 cash from the main account has been moved into the petty fund
It is the task of <u>"Public Relations".</u>
Public relations(PR) is the way associations, organizations and people speak with general society and media. A Public relations authority speaks with the intended interest group straightforwardly or by implication through media with an expect to make and keep up a positive picture and make a solid association with the gathering of people. Examples incorporate official statements, pamphlets, open appearances, and so on and also utilization of the internet.
