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3 years ago

Small businesses create about __________ percent of the new jobs in the united states.

Business

1 answer:

Alisiya [41]3 years ago

6 0

Answer:

62%

Explanation:

as per the latest data report by the Bureau of Labor Statistics, small businesses have played a major role in creating jobs since he biggest economic recession in the USA. as per the 2018 data they created around 62% of the total jobs private sector jobs in the usa

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Identify each of the following transactions as:

ale4655 [162]

Answer:

Explanation:

Basically there are three types of activities under the indirect method is shown below:

1. Operating activities: It includes those transactions which affect the working capital, and it records gain or loss on sale of the assets. Increase in current assets and decrease in current liabilities would be subtracted and the decrease in current assets and increase in current liabilities would be added

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.

So, the item categorization under each activities are shown below:

a. Cash sale of land - Investing activity (I) (+)

b. Issuance of long-term note payable in exchange for cash - Financing activity (F) (+)

c. Depreciation of equipment - Operating activity (O) (+)

d. Purchase of treasury stock - Financing activity (F) (-)

e. Issuance of common stock for cash - Financing activity (F) (+)

f. Increase in accounts payable - Operating activity (O) (+)

g. Net income - Operating activity (O) (+)

h. Payment of cash dividend - Financing activity (F) (-)

i. Decrease in accrued liabilities - Operating activity (O) (-)

j. Loss on sale of land - Operating activity (O) (+)

k. Acquisition of building by issuance of notes payable - Non-cash investing and financing activity (NIF) as no cash transactions involves

l. Payment of long-term debt - Financing activity (F) (-)

m. Acquisition of building by issuance of common stock - Non-cash investing and financing activity (NIF) as no cash transactions involves

n. Decrease in accounts receivable - Operating activity (O) (+)

o. Decrease in inventory - Operating activity (O) (+)

p. Increase in prepaid expenses - Operating activity (O) (-)

8 0

2 years ago

Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business,

ArbitrLikvidat [17]

Answer: (1) journal Total Dr $27,282, Cr $27,282 (2) cash Account Dr: Total $21,823, Cr Balance c /d $19,613 Total $21,823, salary payable Total Dr $381, Cr $381,Account receivable Account Dr :Total $1,929 Cr Total $1,929, salary expense Account Dr Total $ 1,524 Cr: $1,524, common stock Total Dr : $18,270 Cr: Total $18,270, Supplies Account Total Dr : $1,320, Cr $1,320, Account Payable Total Dr :$1,320, Cr :Total $1,320, service revenue Total Dr : $4,771, Total Cr : $4,771, unearned revenue Total Dr :$712, Total Cr :$711, (3) Trial Balance Total Dr $24,767, Total Cr : $24,767

Explanation:

(1) The journal entry for the transaction will be

Apr 1 Dr : Cash $18,270, Cr : common stock $18,270

Apr1 Dr: salary payable$381,Cr: cash $381

Apr 2 No entry required

Apr 3 Dr : supplies $1,320, Cr : Account payable $1,320

Apr 10 Dr Account Receivable $1,929, Cr : service revenue $1,929

Apr 11 Dr cash$ 711,Cr: unearned revenue$ 711

Apr 20 Dr: Cash $2,842, Cr : service revenue $2,842

Apr 30 Dr : $ Account Payable $305 Cr : Cash $305

(2) The T Account will be

Cash Account

Dr common stock $18,270, unearned revenue $711, service revenue $2,842

Cr : salary payable $381, salary expense $1,524, Account payable $305,Bal c/d $19,613 Total Dr $21,823, Cr : $21,823

Salary payable Account

Dr : cash $381,Cr: Balance c/d $381 Total Dr $381,Cr :$381

Account Receivable Account

Dr: service revenue $1,929, Cr: Balance c/d $1,929 Total Dr $1,929, Cr $1,929

Salary expense Account

Dr: salary expense $1,524, Cr Balance c/d $1,524, Total Dr $1,524,Cr $1,524

Common Stock

Dr : Balance c /d $18,270, Cr :Cash $18,270 Total Dr $18,270, Cr $18,270

Supplies Account

Dr: Account payable $1,320, Cr Balance c /d $1,320, Total Dr $1,320, Cr $1,320

Account Payable

Dr: Cash $305,Balance c/d $1,015, Cr supplies $1,320, Total Dr $1,320, Cr $1,320

Service Revenue Account

Dr Balance c /d $4,771 Cr : Account Receivable $1,929, cash $2,842, Total Dr $4,771, Cr $4,771

Unearned Revenue Account

Balance c/d $711, Cr cash $711, Total Dr $711,Cr $711

(3) The trial balance as on 30/04/2017

Dr: Cash $19,613, salary payable $381, supplies $1,320, Account Receivable $1,929, salary expense $1,524 Total $24,767

Cr : Common Stock $18,270, Account Payable $1,015, service revenue $4,771, unearned revenue $711 Total $24,767

6 0

3 years ago

In the month of November, Cullumber Company Inc. wrote checks in the amount of $10,230. In December, checks in the amount of $11

lara31 [8.8K]

Answer and Explanation:

The computation of the outstanding checks is shown below:

For the November end

= Checks - presented in the bank

= $10,230 - $8,240

= $1,990

For the December end

= Checks - presented in the bank + presented in th bank - checks

= $10,230 - $8,240 + $11,815 - $10,655

= $3,150

We simply applied the above formula

8 0

3 years ago

_________ business-like establishments that employ people and produce goods and services with the fundamental goal of contributi

Law Incorporation [45]

Answer:

Nonprofits

Explanation:

Nonprofit business are businesses that have been granted exemption from paying tax by the federal inland revenue. They are formed for the purpose of mutual benefits and not for pursuing owners profits.

3 0

3 years ago

Drag each label to the correct location on the image.<br> Identify the features of stocks and bonds.

andre [41]

Stock;
coupon
face

bonds;
closing
maturity

6 0

2 years ago