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3 years ago

Why is perceptiveness an important trait to have as an entrepreneur??????

1 answer:

7 0

It is important trait to have as an entrepreneur, because you have to have different perceptive's of the type of people you are selling to. As in you just can't have one persons point of view.

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The ledger account balances for Vaughn Manufacturing at December 31, 2022 are as follows:

Varvara68 [4.7K]

Answer:

Total debits balance = 8466

Explanation:

Cash = 480

Account receivable = 570

prepaid insurance = 96

Supplies = 270

Equipment = 4500

Salaries and wages expense = 1900

Rent expense = 650

Total debit balance on the trial balance = 8466 at dec 31,2022 because all above should be debit balance.

7 0

4 years ago

Read 2 more answers

"On January 1, 2012, Brown Company purchased a mine for $100,000. On this same date, it was estimated that the mine contained 1,

lapo4ka [179]

Options:

$1,000

$100,000

$30,000

$3,000

Answer:

The amount of depletion expense for 2012 would be =$30000.

Explanation:

Amount of depletion expense for 2012 = ($100000/1000 ton)*300 ton

= $30000

5 0

3 years ago

Administrative activities, such as archiving project files, closing out contracts, documenting lessons learned, and receiving fo

antiseptic1488 [7]

Answer:

Administrative activities, such as archiving project files, closing out contracts, documenting lessons learned, and receiving formal acceptance of the delivered work as part of the phase or project, are often involved in closing.

Explanation:

A project is any exercise by an individual or group that has been carefully designed to achieve a certain future goal. A project needs to take into a account various strategies for it to actually achieve what was originally set out in the goals. A project that achieves its goals can be described as a successful project. Most undertakers of a project always wish for their project to be successful, since a project always involves investment in terms of finance, human resources and time. The amount of investment in a project depends on the scope and level of complexity of the project. Vast complex projects usually require for them to be broken down into different phases to make them simple in understanding and execution.

For projects to be successful, one needs to find a way in which the resources going into the project are dealt with in such a way that the direction of the project is in line with the project goals. This is what is defined as project management and it has different phases. The phases of project management are;

1. Initiating: this deals with the planning phases of the project where the goals are set and the project needs are determined. This phase deals with determining the procedure for project execution.

2. Executing; once all the project needs have been determined and purchased, they are put to work.

3. Monitoring and controlling: in this stage, the workings of the project are checked if they have attained the standards stated.

4. Closing: in this stage, administrative activities, such as archiving project files, closing out contracts, documenting lessons learned, and receiving formal acceptance of the delivered work as part of the phase or project is done.

4 0

3 years ago

Lopez Corporation incurred the following costs while manufacturing its product.

IrinaK [193]

Answer:

(a) $353,400

(b) $375,200

Explanation:

Given that,

Materials used in product = $123,900

Advertising expense = $49,600

Depreciation on plant = 67,500

Property taxes on plant = 23,400

Property taxes on store = 8,420

Delivery expense = 24,000

Labor costs of assembly-line workers = 116,200

Sales commissions = 41,100

Factory supplies used = 24,600

Salaries paid to sales clerks = 53,000

(a) Cost of goods manufactured:

= Material used in product + Depreciation on plant + Labor costs of assembly-line workers + Factory supplies used + Property taxes on plant + Beginning Work in process inventory - Ending Work in process inventory

= $123,900 + $67,500 + $116,200 + $24,600 + $23,400 + $14,700 - $16,900

= $353,400

(b) Cost of goods sold:

= Cost of goods Manufactured + Opening finished goods - Closing finished goods

= $353,400 + $70,700 - $48,900

= $375,200

3 0

3 years ago

Prompt What is market information?

prohojiy [21]

The analysis of past sales and interpretation of cost information are important in evaluating performance and providing useful facts for future planning. All these activities rely on marketing information and a rigorous marketing research process to produce insights managers can trust and act on.

5 0

3 years ago