Answer:
True
Explanation:
Small Business face different operational and managerial circumstances compared to <em>established</em> business.
Off-the-shelf accounting software may not be consistent with these circumstances rendering it cumbersome or unsuitable.
Thus a customized accounting software is most suitable to meet the needs for small businesses
Answer:
Adjusted balance method.
Explanation:
Financial charges that are been summed up at the end of the last cycle of billing or their previous balances are seen to be calculated with this method. And also, it is used in calculation of the interest which are seen to be toppled or owed by people or customers that are seen to using the savings accounts.
A lot of financial institutes rely on the service or this method in the summation of their account holders month end balances.
A sort of financial product sold to investors is a corporate bond, which is issued by a business. The investor receives a predetermined amount of interest payments at either a fixed or variable interest rate in exchange for providing the firm with the money it requires.
The bond "reaches maturity" when it stops making payments and the initial investment is refunded.
The ability of the corporation to repay the bond often serves as its security, and this ability is based on its expectations for future revenues and profitability. Physical assets of the corporation may occasionally be utilized as collateral.
A state, municipality, or county may issue municipal bonds as a debt security to pay for capital projects like building roads, bridges, or schools. They can be compared to loans given to local governments by investors.
Municipal bonds are particularly appealing to those in higher income tax brackets because they are frequently exempt from federal taxes and the majority of state and local taxes (for residents).
To learn more about Corporate Bond and Municipal Bonds here
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Answer: Research and development
Explanation: Primary functions are those functions which ensures that the essential requirements to operate the business efficiently are met. These require monitoring by the second level managers of the organisation.
Production, marketing and finance are the basic needs of an organisation for living in the market. Research and development is not an activity without which the business won't be able to run.
Thus, we can conclude that the right answer is Option A.
Answer:
390,000
Explanation:
The cost of goods sold is the expense incurred in producing goods to be sold in a period. It is abbreviated as COGS.
The cost of goods sold is calculated using the formula
COGS = opening stock + purchase/ cost of goods manufactured - ending stock
In this case:
Beginning stock = $60,000
Ending stock =$50,000
Cost of goods manufactured $380,000
COGS= $60,000 + $380,000- $50,000
COGS = $390,000
