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3 years ago

What are the common sources for startup capital for an Entrepreneur?

Business

1 answer:

Archy [21]3 years ago

7 0

Sources are-

1. Loans from family and friends

2. Loans from banks

3. Investment form angle investors

4. Delivering business pitch to institutions that provide funds to startups.

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The ways you act, think, and feel describe your _____.

Bas_tet [7]

Personality traits... i think

have a good day

4 0

3 years ago

The following transactions are for Kingbird Company.

raketka [301]

Answer and Explanation:

The Journal entries are shown below:-

1. Account Receivable Dr, $450,000

To Sales revenue $450,000

(Being credit sales is recorded)

here we debited the accounts receivable as it increased the assets and we credited the sales revenue as it also increased the sales.

Cost of goods sold Dr, $310,000

To Inventory $310,000

(Being Cost of goods sold is recorded)

here we debited the cost of goods sold as it increased the expenses and we credited the inventory as it decreased the assets

2. Sales return and allowances Dr, $ 22,000

To Account Receivable $22,000

(Being sales return is recorded)

here we debited the sales return and allowances as it increased the sales return and we credited the accounts receivable as it decreased the assets

3. Cash Dr, $423,720

Sales discount Dr, $4,280 ($428,000 × 1%)

To Account Receivable $428,000 ($450,000 - $22,000)

(Being cash and sales discount is recorded)

Here we debited the cash and sales discount as it increased the assets and sales discount and we credited the accounts receivable as it decreased the assets

8 0

3 years ago

True or False. Since grant proposals need to be short, budget and personnel information should not be included.

Fittoniya [83]

False because is not to be included

6 0

2 years ago

Dilithium Batteries is a division of Enterprise Corporation. The division manufactures and sells a long-life battery used in a w

katrin2010 [14]

Answer:

Net Profit Under Absorption Costing for 60,000 units = $ 430,000 for 90,000 units = $ 940,000

Net Profit Under Variable Costing for 60,000 units = $ 250,000 for 90,000 units = $ 940,000

Explanation:

Enterprise Corporation

Dilithium Batteries

Absorption Costing Income Statement,

60,000 90,000

Sales 2100,000 3150,000

Manufacturing Costs 1500,000 1980,000

Gross Profit 600,000 1170,000

Variable Selling and

Administrative Expenses 120,000 180,000

Fixed Selling & Ad. Expenses 50,000 50,000

Net Profit 430,000 940,000

Enterprise Corporation

Dilithium Batteries

Variable Costing Income Statement,

60,000 90,000

Sales 2100,000 3150,000

Variable

Manufacturing Costs 960,000 1440,000

Variable Selling and

Administrative Expenses 120,000 180,000

Contribution Margin 840,000 1530,000

Fixed manufacturing overhead 540,000 540,000

costs

Fixed Selling & Ad. Expenses 50,000 50,000

Net Profit 250,000 940,000

5 0

3 years ago

True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a

Likurg_2 [28]

Answer:

The statement is: True.

Explanation:

When a firm purchases its own shares they become part of the company's treasury stock. This usually happens when the organization intends to sell those shares in the future. According to the General Accepted Accounting Principles (GAAP), the transactions between a firm and its owners are not considered as profit-making. Thus, when a company reissues the treasury stock shares no revenues or losses are recorded.

6 0

3 years ago