Which of the following is an essential part of being an entrepreneur?

Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $316,547; costs = $219,406; other

o-na [289]

Answer:

Net working capital addition was for 8,108 dollars

Explanation:

To solve for NWC we start form the accounting equation and then, we expand it to get the NWC expression:

Assets = Liabilies + Equity

we expend the formula

current assets + fixed assets = current liabliies + non-currnet liab + stock + RE

NWC = net working capital

being: current assets - current liabilities

(current assets - current liabilities) = non-currnet liab + stock + RE - fixed assets

NWC = -3,283 + 5,629 + RE - 24,154

We need to solve fotr the change in Retained Earnings:

which is net income - dividends:

sales 316,547

costs (219,406)

other expenses (8,481)

depreciation expense (18,633)

interest expense (14,216)

taxes (15,217)

net income 40,594

dividends (10,678)

change in RE 29,916

NWC = -3,283 + 5,629 + 29,916 - 24,154

NWC = 8,108

8 0

3 years ago

Francine wants to become a school counselor. Which is the academic requirement for this career?

Zigmanuir [339]

The academic career to become a school counsellor can be either bachelor in Psychology, Education or any other related field. This is because of these academic tracks deals and interacts with people. School counsellors need to be open and ready to interact with students, teachers and parents.

6 0

3 years ago

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Firms operating in industries where economies of scale are common will likely see ________ levels of labor productivity from the

kiruha [24]

Answer:

The correct word for the blank space is: higher.

Explanation:

Economies of Scale is a key concept for any business in any industry. It is also important for consumers trying to understand why smaller businesses may have to charge more for similar products made by larger companies. Overall, economies of scale mean <em>that production becomes more efficient as the number of goods being produced increases</em>.

6 0

3 years ago

Laura is using rent-to-own store to purchase a computer valued at $1,000. she is paying $25 per week for 104 weeks(2 years). why

aev [14]

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
The loan contribute negatively to her financial well-being is because it takes longer for here to finish paying off the credit.

5 0

3 years ago

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Wilma, Betty, and Fred are partners who share income and losses in a 5:3:2 ratio. Wilma decides to retire from the partnership w

Hoochie [10]

Answer:

<u>debited</u>

Explanation:

Partnership refers to a mutual agreement wherein two or more individuals agree carry out a business and to share profits and losses in a specified ratio or as per the clauses of the partnership deed.

When partners retire, the balances standing to the credit of their capital accounts needs to be settled or paid off.

As per the given information, Wilma is paid $45000 in cash. The journal entry in this case would be:

Wilma's Capital A/C Dr. $45000

To Cash A/C $45000

For the remaining balance, Wilma shall be paid in cash as follows,

Wilma's Capital A/C Dr. $5000

To Cash A/c $5000

(Being settlement of a retiring partner's capital account being recorded)

3 0

3 years ago