Not choosing the correct business organization to set up would become very costly for an individual hoping to start operations and this would result in business failure even before the business began operations.
Answer:
$2,400,000 and $344,000
Explanation:
Given the above information,
the corrected amount for total assets at the end of the year would still remain $2,400,000. Reason being that the overstatement of inventory has no effect whatsoever on the asset of the company.
Also, the corrected net income for the year would be ;
= Net income for the year + Over stated inventory
= $320,000 + $24,000
= $344,000
Therefore,
The corrected amount for total assets and net income for the year are $2,400,000 and $344,000 respectively
Answer:
9.33%
Explanation:
Calculation to determine his annualized real rate of return on this investment
Annualized real rate of return=[($7,000-$5,000/ ($5000*3) *100] -4%
Annualized real rate of return=13.33%-4%
Annualized real rate of return = 9.33%
Therefore his annualized real rate of return on this investment will be 9.33%
Answer: Opening
Explanation:
The opening position is the first offer that is given. This offer is usually not indicative of the full capability of the party offering. In other words, this position is the ideal position for the party offering it but they can be persuaded to give a position that would not be as beneficial to them.
Annette plans to offer a two times a month pickup and this would be ideal for Jackson Hauling because they are still small-time and would benefit from not being overburdened. This is why it is her opening position. She can however, be persuaded to do a twice weekly pickup but that wouldn't be very beneficial.
