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3 years ago

Which of the following is one of the main things to consider when evaluating a business opportunity?

Business

2 answers:

nikitadnepr [17]3 years ago

7 0

<h2>Answer</h2>

D) Customer demand for the product

<h3>Explanation</h3>

For a business opportunity to prosper and grow ahead, it is imperative that the offered product or service has actual demand present. If the demand is present, the sales will be automatically achieved. This will result in higher sales and therefore more generation of profits in the future. Without optimal demand present in the economy, it is not worth putting time and efforts in a business.

babunello [35]3 years ago

7 0

Answer:

Explanation:

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Grouper Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business

gladu [14]

Answer:

April 1.

Cash $22,410 (debit)

Common Stock $22,410 (credit)

April 1.

Salaries Expense $1,868 (debit)

Salaries Payable $1,868 (credit)

April 2.

Rent Expense $1,120 (debit)

Cash $1,120 (credit)

April 3.

Supplies $1,618 (debit)

Account Payable : Burmingham Company $1,618 (credit)

April 10.

Accounts Receivables $2,365 (debit)

Service Revenue $2,365 (credit)

April 11.

Cash $871 (debit)

Unearned Revenue $871 (credit)

April 20.

Cash $3,486 (debit)

Service Revenue $3,486 (credit)

April 30.

Salaries Payable $1,868 (debit)

Cash $1,868 (credit)

April 1.

Account Payable : Burmingham Company $1,618 (debit)

Cash $1,618 (credit)

Explanation:

Note the following :

1.Revenue received but not earned is recorded in a liability account known as Unearned Revenue.This account will subsequently be de-recognized as the revenue is earned.

2. When the Suppliers are paid amounts owing to them, de-recognize the Accounts Payable Account of those suppliers and also de-recognize the Cash Assets.

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2 years ago

Watauga Office Supply paid state unemployment taxes of $168.00. What is the entry to journalize the payment of the unemployment

alisha [4.7K]

Answer:

State unemployment tax payable A/c Dr $168

To Cash A/c $168

(Being state unemployment taxes are paid for cash)

Explanation:

The journal entry to record the payment of the unemployment taxes is shown below:

State unemployment tax payable A/c Dr $168

To Cash A/c $168

(Being state unemployment taxes are paid for cash)

For recording this transaction, we debited the State unemployment tax payable as it increase the liability and cash account should be credited as it reduce the current assets

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3 years ago

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3 years ago

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Contribution margin is always the same as gross profit margin. is calculated by subtracting total manufacturing costs per unit f

goldfiish [28.3K]

Answer: equals sales revenue minus variable costs

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It is an important aspect of an organisation as it somehow depicts the ability of it to pay its fixed expenses like interests etc.

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2 years ago

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cricket20 [7]

Answer:

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3 years ago