Answer:
entrepreneur orientation
Explanation:
The tendency of an organization to engage in activities designed to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing goods or services is called entrepreneur orientation
Answer:
$20,200
Explanation:
Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the credit sales only because in cash sales there is no risk of loss.
Estimated Bad Debt = Credit Sales x Rate of bad Debt loss = $740,000 x 3% = $22,200
As Allowance for Doubtful Accounts already have balance of $2,000, we need to adjust the remainder to make the closing balance of Allowance for Doubtful Accounts $22,200 at the year end.
Adjustment required = $22,200 - $2,000 = $20,200
The Expense will be $20,200.
Answer:
$119,400
Explanation:
Given that,
Opening, balance in the prepaid insurance account = $66,400
paid for insurance = $104,000
At the end, Balance in the prepaid insurance account = $51,000
Total amount paid:
= Opening, Balance in the prepaid insurance account + Paid for insurance
= $66,400 + $104,000
= $170,400
Insurance expense for 2021:
= Total amount paid - At the end, balance in the prepaid insurance account
= $170,400 - $51,000
= $119,400
Answer:
Temporarily low and so supply a smaller quantity of labor.
Explanation:
Because workers see that their nominal wages are falling, but they fail to see that the price level of goods and services also has fallen by the same percentage (meaning that their real wage has not fallen, but stayed the same), they will likely believe that the reward for their labor is less, so they will have less incentive to work, supplying a smaller quantity of their labor force in the process.
Answer:
Common Stock 30%
Explanation:
a common size balance sheet means to express each value of the balance sheet as a percentage of total assets.
as total liabilities and stockholders' equity is 2,000
From the accounting equation
Assets = Liabilities + Equity
we get that total asset is also 2,000
now we express common stock based on total assets:
600 / 2000 x 100 = 30%