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lozanna [386]
3 years ago
11

What kinds of business transactions are NOT summarized in a sole proprietor's books? A. Credits. B. Expenses or deductions. C. G

ross income. D. Sole proprietor's wages.
Business
1 answer:
yan [13]3 years ago
4 0

Answer:

D. Sole proprietor's wages.

Explanation:

The owner of the business is the sole proprietor on the other hand sole proprietor is not an employee. Therefore he receives no salaries as he is the person who is an owner of any company or an organization. Any sum he takes from the company is considered to be withdrawn amount.

Hence, Sole Proprietor's wages are not listed in the ledger of the sole proprietor. So, the correct answer is D.

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Basic to setting a product's price is the extent of __________. this information is used in estimating the revenues the firm exp
kifflom [539]
Supply and demand generally dictates the beginnings of pricing a product. Your targeted market, ability to serve them with a good product, the convenience to access your product. Credentials of the firm.
8 0
3 years ago
The business cycle is: a. the pattern of increases and decreases in the money supply. b. the term used to describe fluctuations
leonid [27]

Answer:

The correct answer is option b.

Explanation:

The business cycle can be defined as the fluctuations in the level of output of goods and services produced in an economy in a year. It is also referred to as the trade cycle.  

The business cycle consists of several stages such as recession, depression, expansion, boom or peak, recovery, etc.

The output level tends to fluctuate around its long term trend.

8 0
3 years ago
Deepak's team is in charge of conducting a review of their company's waste/mistake prevention policies and procedures. Part of t
lord [1]

Answer:

True

Explanation:

Although the business segments related to waste management and information systems may seem irrelevant at start, these two are often intertwined.

In order to successfully forecast the future of waste prevention and management, managers should take into consideration IS and their benefits. For example, how can a new IS that is scheduled for implementation next year affect the existing, real-time waste management system? Can the existing process be automatized and simplified with the aid of the IS?

Therefore, it is needed to include the IS aspect in the waste prevention policy review.

5 0
3 years ago
Valley spa purchased $7,800 in plumbing components from tubman co. valley spa signed a 60-day, 10% promissory note for $7,800. i
lapo4ka [179]

Answer:

The journal entry is given as follows;

Explanation:

Accounts Receivable-Valley Spa           Dr.$7,930

Interest Revenue         (7,800*10%*2/12) Cr.$130

Notes Receivable                                    Cr.$7,800

8 0
3 years ago
Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable cont
sergejj [24]

Answer:

Complete question is attached in form of image.

a). Maximum amount of charitable deduction for Cash Contrbutions = 7650 + 5450

= $ 13100

a). Maximum amount of charitable deduction for Property Donations

= 15250 + 18375

= $ 33625

The amount of deduction for contribution to American Heart Association will be the amount equal to the cost of antique painting given to the american heart association.

The amount of deduction for contribution to First Methodist Church will be the amount equal to the FMV of Coca-Cola stock given to the first methodist church.

FMV stands for Fair market value.

Maximum amount of charitable deduction for Cash contribution = $ 13100 and Maximum amount of charitable deduction for Property donation = $ 33625.

7 0
3 years ago
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