Uniform CC (uniform commercial code)
1. Start your own business; your independent but usual the business will fail
2. Take over a family-owned business - might not get alone with your family but you would be working with people your comfortable with
i really hope this helps
Answer:
(a) Purchased supplies on account.
Increase assets and liabilities
(b) Received cash for providing a service.
Increase assets and equity
(c) Expenses paid in cash.
Decrease assets and equity
Explanation:
(a) The company acquire an assets but to do so; it take a liability. In the future it will be forced to pay the credit given today
(b) The company receive an assets(cash) by prvoviding services which is the main activity. The equity represebt both, the owner investment and the earning of the business. In this case this is an earning so it increase equity
(c) The rgannizatioon used an asset to afford their obligation. This is a negative result thus; equity decrease
Answer:
Annual deposit= $21,568.87
Explanation:
Giving the following information:
You have just turned 30 years old. Every dollar in the plan earns 9 % per year. You cannot make withdrawals until you retire on your 60th birthday.
You will need $ 98,000 per year starting at the end of the first year of retirement and ending on your one-hundredth birthday.
First, we need to calculate the total amount needed at age 60.
Final value= 30years*98,000= $2,940,000
To calculate the annual deposit we need the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (2,940,000*0.09)/[(1.09^30)-1]= $21,568.87
Answer and explanation:
In the decision-making process, the consensus is the point at which the members of a given group agree with having decided which is the best path they should take to reach an objective. Strategies that can help come to that state faster include encouraging participation since the most team members collaborate in the decision-making, the more involved they will be the project; introducing a voting system in case there are too many differences among the team members to eventually decide what the majority agrees with; and, creating a team developing a solution in case natural consensus cannot be achieved. They will be in charge of deciding what to do based on information obtained from the discussion.
