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2 years ago

Select all the correct answers.

1 answer:

6 0

All of the given questions are part of the critical questions that entrepreneurs need to ask themselves. Being an entrepreneur needs a lot of thinking and planning and these questions should be taken into account. Running a business would include the location fit for the type of business you have, the structure of your business, how you recruit workers and the incentives you give them, and most importantly, your capital.

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Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred:

Diano4ka-milaya [45]

Answer:

1. General journal entries to record each transaction.

Jan. 1 Dr. Cr

Cash $103,000

Common Stock $103,000

Jan. 2 Dr. Cr

Inventory $38,000

Account Payable $38,000

Jan. 4 Dr. Cr

Prepaid Insurance $2,760

Cash $2,760

Jan. 10 Dr. Cr

Account Receivable $12,300

Sale $12,300

Cost of Goods Sold $7,300

Inventory $7,300

Jan. 15 Dr. Cr

Cash $33,000

Note Payable $33,000

Jan. 20 Dr. Cr

Salary Expense $33,000

Cash $33,000

Jan. 22 Dr. Cr

Cash $10,300

Sale $10,300

Cost of Goods Sold $6,300

Inventory $6,300

Jan. 24 Dr. Cr

Account Payable $15,300

Cash $15,300

Jan. 26 Dr. Cr

Cash $6,150

Account Receivable $6,150

Jan. 28 Dr. Cr

Utility Expense $1,000

Cash $1,000

Jan. 30 Dr. Cr

Rent Expense $2,150

Prepaid Rent $2,150

Cash $4,300

MS Excel File is attached for T accounts Posting in Worksheet Named as " T Account". Please Find that.

MS Excel File is attached for unadjusted trial balance in Worksheet Named as " Trial Balance". Please Find that.

Download xlsx

5 0

2 years ago

Ann wants to be a manager who directs the work of others

natali 33 [55]

The answer to this is DECA, I believe. :) I hope this helps

6 0

2 years ago

Smart Solutions Inc. is evaluating a capital project for expansion. The project costs $10,000, and it is expected to generate $5

Likurg_2 [28]

Answer:

d) $16,550

Explanation:

First, The multiple options to the question

a)$12,500

b) $11,550

c) $14,050

d) $16,550

e) $15,000

Question: To determine the terminal value of the project

What do we know:

The Cash flow from the project is $5,000 per year and the rate is 10%

To determine the future value per year is as follows

Year 1 = (1+r)∧2= (1+0.1)∧2= 1.21

Year 2 = (1+r)∧1= (1+0.1)∧1= 1.1

Year 3 = (1+r)∧0= (1+0.1)∧0= 1

Based on these determinations, we determine the yearly value as follows

Year 1= 5,000 (1.21) = $6,050

Year 2 = 5,000 (1.1)= $5,500

Year 3= 5,000 (1) -= $5000

The terminal value = The total of the three years

= $6,050 + $5,500 + $5,000

= $16,550

4 0

2 years ago

The state of Indiana charges a 6% sales tax on most consumer goods. Grant purchased a generator for $400 and paid an additional

faltersainse [42]

Answer:

the correct answer is

The $400 retail price of the generator.

good luck

8 0

3 years ago

According to the Mundell–Fleming model, in an economy with flexible exchange rates, expansionary fiscal policy causes net export

maxonik [38]

Answer: Decrease and Increase

Explanation:

According to the Mundell–Fleming model, in an economy with flexible exchange rates, expansionary fiscal policy will cause the net exports to decrease. Expansionary fiscal policy shifts the IS curve rightwards, as a result BOP surplus created in the economy. So, exchange rate decreases to shift the BOP back to its initial position. As a result of lower exchange rate, exports falls. Hence, net exports decreases.

Expansionary Monetary policy will cause the net exports to increases. Expansionary Monetary policy shifts the LM curve rightwards, as a result BOP deficit created in the economy. So, exchange rate increases to shift the BOP back to its initial position. As a result of higher exchange rate, exports increases. Hence, net exports increases.

5 0

3 years ago