The first phase of networking, in which you describe your business, is referred to as A.) EXCHANGE OF INFORMATION.
Exchange of information include information about the company, product, and its key goals, as well as, information regarding the potential networker.
Describing your business to potential networkers does not guarantee that they will automatically join the business, they need to think things over and after a few days, you need to do a follow-up.
Answer: General partners
Explanation:
General partners refers to the group of two persons operating a business. These partners have the decision making authority in the business and are personally liable for any debt and liabilities of the business.
In the given case, Jenna and Al both are willing to operate a business together. There is nothing mentioned about the limited liability and also the structure is not company so they could not be majority shareholders.
They are working for themselves and not for others so they are not consultants either.
Hence the correct option is B.
Answer:
Total manufacturing overhead cost will be closest to 61,340
Explanation:
As we can see there is not step-up fixed cost that is no additional fixed cost will incurred upon producing extra units, therefore fixed cost will remain same that is 37,820.
Variable overhead cost will increase with increase in units therefore, variable cost for producing 14,700 units will be 1.6 x 14,700 = 23,520.
To find total overhead cost we will simply add fixed and variable overhead cost:
Total overhead cost = fixed overhead cost + variable overhead cost
Total overhead cost = 37,820 + 23,520
Total overhead cost = 61,340
Answer: Please see explanation for answer
Explanation:
Journal entry to record sale of bonds
Account titles Debit Credit
Cash $50,000,000
Bonds Payable $50,000,000
