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3 years ago

Which of the following statements is true of entrepreneurs?

2 answers:

8 0

The answer is <u>"B. Entrepreneurs often work long hours and must take on the financial responsibilities of the business."</u>

An entrepreneur is a person who, as opposed to functioning as a worker, establishes and maintains a private company, expecting every one of the dangers and prizes of the endeavor. The business visionary is generally observed as a pioneer, a wellspring of new thoughts, merchandise, administrations and business/or techniques.

Entrepreneurs assume a key role in any economy. These are the general population who have the right stuff and activity important to foresee present and future needs and put up great new thoughts for sale to the public.

saveliy_v [14]3 years ago

8 0

B. Often work for long hours and takes part on financial responsibilities

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Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions

xeze [42]

Answer:

The classification is shown below:

Explanation:

As we already know that

Cash receipts is the amount which is received by the company in cash that results in increment in cash balance. It is a cash inflow

While the cash payment is the amount which has to be paid by the company in cash that results in decrements in cash balance. It is a cash outflow

So based on this, the categorization is presented below:

Retired $200,000 of bonds, on which there was $2,000 of unamortized discount, for $208,000. = Cash payment for $208,000

Sold 12,000 shares of $20 par common stock for $39 per share. = 12,000 shares × $39 = $468,000 cash receipt

Sold equipment with a book value of $47,500 for $68,400. = Cash receipt for $68,400

Purchased land for $328,000 cash. = Cash payment for $328,000

Purchased a building by paying $51,000 cash and issuing a $90,000 mortgage note payable. = Cash payment for $51,000

Sold a new issue of $270,000 of bonds at 98. = Cash receipts for $264,600 ($270,000 × 0.98)

Purchased 4,000 shares of $30 par common stock as treasury stock at $60 per share. = Cash payment for $240,000 (4,000 shares × $60)

Paid dividends of $1.90 per share There were 19,000 shares issued and 3,000 shares of treasury stock. = Cash payment for $304,00 (19,000 shares - 3,000 shares) × $1.90

7 0

3 years ago

The investments of Steelers Inc. include a single investment: 42,730 shares of Bengals Inc. common stock purchased on September

Inga [223]

Answer:

Explanation:

A. The journal entries are shown below:

On September 12

Investment A/c - Bengals Inc A/c Dr $598,220 (42,730 × $14)

To Cash A/c $598,220

(Being the acquired investment including brokerage commission is recorded)

On December 31

Unrealized gain or loss on available-for-sale securities A/c Dr $85,460

To Valuation allowance for available-for-sale securities $85,460

(Being decline in share value is recorded)

The computation is shown below:

= 42,730 shares × ($14 per share - $12 per share)

= 42,730 shares × $2 per share

= $85,460

B. The unrealized gain or loss for available-for-sale investments is shown in the Stockholder equity section on the balance sheet. It is to be shown in the negative item in the equity section.

7 0

3 years ago

GamaPix makes point-and-shoot cameras and handycams for amateur photographers and hobbyists. It also has a separate line of came

Kruka [31]

Answer: Differentiated marketing.

Explanation:

Gamapix is making use of differentiated marketing to meet the needs of their wide range of customers. In differentiated marketing a company promotes and sells several products that meets the need of several consumers with their peculiar consumption needs. An example is a company that sells clothing for both male and female.

3 0

3 years ago

Jim has $1,000 income from his job and $200 stock dividend income this month. This month Jim has rent and utilities of $300 and

Ahat [919]

Answer:

A) $1,200

Explanation:

The cash inflow is that amount which increases the cash balance i.e cash has come whereas cash outflow is that amount which decreases the cash balance

In the given situation, the cash inflow would be

= Income generated from his job + stock dividend income

= $1,000 + $200

= $1,200

And, the cash outflow would be rent & utilities and other types of expenses which decrease the cash balance as the cash is gone

6 0

3 years ago

Compute cost of goods sold, assuming Waterway uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answ

pishuonlain [190]

Answer:

The average cost per unit is = 24.7917

The Periodic FIFO =163000

The Perpetual FIFO=163000

The Periodic FIFO = 195600

The Perpetual LIFO =186800

The Periodic weighted average cost flow= 176021

The Perpetual moving average cost flow= 169669

Explanation:

Solution

Given that:

The first step to take is to compute average cost per unit

Unit Unit cost Total cost

Beginning inventory 2200 16 35200

Purchase 1 3200 24 76800

Purchase 2 4200 30 126000

The Total 9600 238000

Hence,

The Average cost per unit = 238000/9600 = 24.7917 per unit

Now, we calculate for the cost of goods sold which is given as :

The Periodic FIFO (35200+76800+1700*30) =163000

The Perpetual FIFO=163000

The Periodic LIFO (4200*30+2900*24)=195600

The Perpetual LIFO (76800+500*16+3400*30)=186800

The Periodic average (7100*24.7917)= 176021

The Perpetual (3700*20.7407+3400*27.3320)= 169669

Note: Kindly find an attached document of the complete question for this solution.

6 0

2 years ago