Answer:
two advantages are having your own buisness and being able to make money, and doing what you love (or like)
two disadvantages are the cost of owning a buisness, and a building to have it in.
Explanation:
Answer:
Explanation:
a. At the end of the period, bad debt expense is estimated to be $15,000.
b. During the period, bad debts are written off in the amount of $9,500.
Assets = Liabilities + Stockholder's Equity
a.
Retained Earning -$15,000
Account Receivable -$15,000
b.
Allowance for Doubtful Account -$9,500
Account Receivable -$9,500
(Allowance for Doubtful Account is a contra account to account receivable decrease in this account will ultimately increase the assets value.
Answer:
b. $ 9,225
Explanation:
The net income needs to be computed considering the revenue and expenses items from the data provided.
Revenues
Fees earned $ 14,403
Expenses
Depreciation expenses $ 1,343
Insurance expenses $ 513
Supplies expenses <u>$ 3,322</u>
Total expenses <u>$ 5.178</u>
Net income $ 9,225
The other items in the question i.e. Accumulated depreciation, Prepaid insurance and Supplies are balance sheet items and are not considered in determining the net income
because many of them, well in most cross the border into the United States for better opportunities, or because of risky causes in their home country, can vary the reason why they cross
Answer:
They own equal shares of company assets.
Explanation:
The statement above is false because shareholders can own vastly different amounts of shares.
For example, a group of 2 people and 5 companies own over 50% of the shares of Alphabet (the corporation that owns Google), giving this small group of people the voting power to take decisions during assemblies.
Meanwhile, thousands of investors also own a small number of shares of Alphabet because it is a publicly traded company, but these small investors have essentially no voting power.