Answer: True
A chronological resume lists your work history in order of of date.
Answer:
A
. payroll taxes.
Explanation:
Payroll taxes are imposed on the employers or employees of the company. In the examples of the question, the costs except for the payroll taxes are all paid by the company. Besides, payroll taxes are also not taxed on the company instead of on the employees' wages, which is funded by them. That is why all the examples are start-up costs except the payroll taxes
Answer:
Days to collect receivables = 26 days
Explanation:
At the start Accounts Receivable = $10,000
Ending Accounts Receivable = $70,000
Credit Sales = $560,000
Average Accounts Receivable = ($10,000 + $70,000) / 2
Average Accounts Receivable = $40,000
Accounts Receivable Turnover = Credit Sales / Average Accounts Receivable
Accounts Receivable Turnover = $560,000 / $40,000
Accounts Receivable Turnover = 14
Days to collect receivables = 365 / Accounts Receivable Turnover
Days to collect receivables = 365 / 14
Days to collect receivables = 26 days
Answer:
<em>A proprietorship has three important advantages: </em>
(1) It is easily and inexpensively formed,
(2) it is subject to few government regulations, and
(3) it is subject to lower income taxes than are corporations.
<em>However, a proprietorship also has three important limitations: </em>
(1) A proprietor has personal liability for the business' debts.
(2) The life of the business is limited to the life of the individual who created it.
(3) A proprietorship has difficulty obtaining large sums of capital so proprietorships are used primarily for small businesses.
As all company structures, proprietorships have both advantages and disadvantages. Although the advantages mainly relate to feasibility, the disadvantages are often overlooked. The main disadvantage is the total liability of the owner, which is detrimental if the business faces tough times, which lead to liquidation.
Answer:
Debit Merchandise Inventory $300; credit Cash $300
Explanation:
The journal entry to record the given transaction is shown below:
Merchandise inventory Dr $300
To Cash $300
(being cash paid is recorded)
Here the merchandise inventory is debited as it increased the assets and credited the cash as it decreased the assets
