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3 years ago

People aged __________ are the most entrepreneurially active in the united states. a option

1 answer:

5 0

I am answering based on observation, researchg, but I'm not an expertise in this field of study. My research suggests option D because these ages are more financially stable at this time in life. 86% of them have stable jobs, good benefits, grown children, or still single and focused primarily on their high paying, busy occupations. They prefer to be single (married to work) and have the means to take "educated" risks.
My first thought was A because the younger generation are more likely to take risks, but do not have the financial means to survive living this way unless they come from a family of wealth, or win the lottery.
82.5% between the ages of 25 to 34 are getting out of college, focused on finding jobs with benefits, getting married, and having kids. More focus is on making a living and raising a family.

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Swann Company sold a delivery truck on April 1, 2016. Swann had acquired the truck on January 1, 2012, for $45,500. At acquisiti

olganol [36]

Answer:

Journal Entries

Dr. Cash_________________$11,125

Dr. Accumulated Depreciation $36,125

Cr. Truck ________________ $45,500

Cr. Gain on Disposal ________$1,750

Dr. Cash_________________$7,525

Dr. Loss on Disposal ________$1,850

Dr. Accumulated Depreciation $36,125

Cr. Truck ________________ $45,500

The gain is reported as a realized gain in the income statement after operating income for the period.

The loss is reported as a realized loss in the income statement after operating income for the period.

Explanation:

We need to calculate the depreciation for the 3 months of 2016.

Depreciation for the period = ( ( Initial cost -Residual Value ) / Useful life ) x Time Fraction = ( ( $45,500 -$3,000 ) / 5 ) x 3/12 = $2,125

Book Value on April 1, 2016 = Book Value on December 31, 2015 - Depreciation for 2016 = $11,500 - $2,125 = $9,375

Accumulated Depreciation = Initial cost - Book value = $45,500 - $9,375 = $36,125

Now compare The bok value o sale price to calculate the gain or losss

Gain = Sale Value - Book value = $11,125 - $9,375 = $1,750

Loss = Book Value - Sale value = $9,375 - $7,525 = $1,850

4 0

3 years ago

In late April, the Acme Construction Co. submitted a $1,200,000 progress billing on a construction contract.On May 2, the bill w

patriot [66]

Construction expenditures should be debited when <u>D. The bill is approved for payment.</u>

<u>Explanation:</u>

In the above scenario, Acme Construction Co. submitted bill amount of $1,200,000 on a construction contract. The payment of the bill was approved on May 2. According to the contract, 10% was subject to retention.

This construction expenditure is debited when the bill is approved for payment. Contract includes all the details regarding payment and terms and conditions between the companies or parties.

Once the bill submitted by company is approved, then the retention amount will be automatically debited.

8 0

3 years ago

On a particular date, FedEx has a stock price of $89.27 and an EPS of $7.11 . Its competitor, UPS,had an EPS of $0.38 . What wou

AleksandrR [38]

Answer:

A) $4.77

Explanation:

Here FedEx stock price = $89.27

Fed Ex EPS = $7.11

UPS EPS = $0.38

UPS stock price = ?

By method of comparables,

FedEx Stock Price/FedEx EPS = UPS stock price/UPS EPS

89.27/7.11 = UPS Stock price/0.38

UPS Stock price = 89.27*0.38/7.11 = $4.77

8 0

4 years ago

For each separate case below, follow the 3-step process for adjusting the accrued expense account: Step 1: Determine what the cu

Artyom0805 [142]

Answer:

a. Salaries expense (Dr.) $18,000

Salaries Payable (Cr.) $18,000

b. Interest Receivable (Dr.) $375

Interest Earned (Cr.) $375

c. Interest Expense (Dr.) $1,000

Interest Payable (Cr.) $1,000

Explanation:

The adjusting entries will be made once the expenses are paid. For now these expense are recorded as current liability because the payment needs to be made for the expenses that has already incurred. The salaries expense is recorded in contra account of salaries payable, once these salaries are paid then the expense will recorded as cash outflow.

5 0

3 years ago

Suppose the total monetary value of all final goods and services produced in a particular country in 2010 is $500 billion and th

Nastasia [14]

Answer:

) GDP in 2010 is $500 billion.

Explanation:

Here are the options to this question :

GDP in 2010 is $450 billion.

b) NDP in 2010 is $450 billion.

c) GDP in 2010 is $500 billion.

d) inventories in 2010 fell by $50 billion.

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

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4 years ago