Answer:
D) Establish the mission, vision, and values statements
Explanation:
A mission statement is a short written description of what is the purpose of your company, or why does it exist. The mission statement usually includes the company's capabilities, what unsatisfied needs will the company satisfy, and activities will be carried out to satisfy their customers' needs.
The mission statement is the cause (before) and the vision statement is the effect (after). The vision statement should describe the long term goals that your company should accomplish. It serves as a guide to where you want to be in the future.
The value statements should describe how Jordan values his own business (including employees), his customers (including the community) and his suppliers. The values statements serve as a guide on how Jordan and his employees should behave within the business.
Answer: c. earns a higher return than the rate paid on debt.
Explanation:
If the debt that the company incurs leads to the company making more money than they are paying as interest for the debt, then more money will be available as net income which would increase the Return on Equity.
ROE is calculated by dividing the Net Income by Shareholder equity. Interest is an expense. If this expense is lower then the increase in net income as a result of the debt then it follows that net income would increase and so would ROE.
Yes, Bob does retain interest in this transaction as he registered under safeguard terms. because the protection clause suggest:-
A former agent is additionally obligated to the buyer registered under the protection provision in the listing agreement if the seller is shown the property by an agent within the listing term as the listing expires. The seller will still be required to pay the agent's fee if a protected buyer tries to make a direct purchase from them while the protection period is still in effect.
<h3><u>What is the purpose of a protection clause?</u></h3>
- A safety protection provision is intended to guarantee that a broker gets paid fairly for their services and to prohibit buyers' and sellers' collusion.
- A contingency known as a broker protection clause, sometimes known as a safety clause or extension clause, is present in listing agent contracts. This provision states that in some circumstances, even if the house sells after their listing has expired, the seller will pay the listing agent commission fees.
To know more about protection clause, check the given links.
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Answer:
Salaries and wages payable...................Dr $20,000
Salaries and wages expense $20,000
Explanation:
As per accrual system, an expense is incurred when it is accrued irrespective of when it is paid. So, $20,000 was accrued in December 31, salary and wages expenses would have been debited then amounting to $20,000.
In order to rectify the mistake of double counting, the entry passed by the accountant would be reversed to nullify the effect.
Adjusting Journal entry:
Particulars Debit Credit
Salaries and wages payable $20,000
Salaries and wages expense $20,000
(Being double counting of salaries and
wages expense rectified)
Answer:
This is an absolutely great idea. The only problem is where are you planning to hold your Business? Where are you selling these candies? How will you spread the word? What can you do to make sure people come back and want more of your product?
Explanation: I always wanted to sell candy when I was little but never pulled the trigger on it. For starters I think you should make the names a bit more of a friendly connotation so people don't assume the worst of your product. Your best bet to sell your items and candies would be at school. Now to be honest more kids are carrying money around now than they ever had when I was in elementary-middle school. This is your best bet. Make sure when you are selling your candies to not go in debt with your business, so many people I know tried this and failed because they put way more money then they were making because they thought it would pay off. Yes sometimes take the risk but almost always if your just trying to make a couple bucks, take it easy and sell for a reasonable price. If it costs about $10 to make "Brown Cows" for about 20 people then sell each brown cow for $1.25 per stick. If you have 20 people who are willing to buy you would make 15 dollars profit. Final thing is actually finding people to sell to. Most people go at these type of things alone which I think is a great idea. But if you want to get the word out even more tell a popular kid that you will pay him 5 for every 20 "Brown Cows" he sells. You can really pay him anything you want as long as your not going over your profit margin! Good luck and I would love to know how this goes!
