Answer: necessity entrepreneur
Explanation: While an entrepreneur is described as someone who organizes and operates a business venture and assumes much of the associated risks, necessity entrepreneurs only do so out of necessity (the quality or state of being necessary, unavoidable, or absolute requisite). As such, they are individuals ranging from educated persons to street sellers especially in developing countries who create small businesses or enterprises out of the need to survive. In Michael Peters' case, he lost his job due to downsizing which caused him to apply his skills and talents to starting up a business.
Rochelle sets the goal, "To increase my Business Writing grade from a 45 to a 95 in the next two weeks, I will study six hours a day and submit four drafts of the next assignment for feedback."
How should Rochelle change her goal to make it more effective?
make it more realistic
Answer: A. Expenses are increased
B. Net income is reduced
E. A liability (such as salaries payable) will be increased.
Explanation:
An accrued expense is an expense that is witten when it was incurred even before it's eventually paid. e.g wages payable.
The effect of an accrued expense such as salaries expense adjustment on the income statement and the balance sheet is that there'll ba na increase in expense. Also, there'll be an increase in liability such as the salaries payable. Since there is an increase in liability, thus will bring about a reduction in the net income.
Answer:
False
Explanation:
Under the at risk rules, the amount a tax payer has at risks at the year end is limited to the amount the taxpayer has at the end of the year.
The amount a taxpayer has at risk is increased by the taxpayer's income and decreased by the share of losses and withdrawal from the activity. For partnership, the at risk increases with an increase in debt and vice versa.
Jack's year-end at-risk amount = At risk amount - (interest *loss) = $42,000 - (10% × $60,000 loss) = $36,000
Answer:
In my view the most suitable answer is B. Making decisions that set the direction of the company's strategies for finacial performance.
Explanation:
The roles and the responsibilities of Accounting managers are expanding rapidly in this new digital age. However, the planning and the strategic decision making part is the most demanding roles that are expected from the accounting managers in today's world.
