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lozanna [386]
4 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]4 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 Any sum he takes from the company is considered to be withdrawn amount.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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Which of the scenarios is an example of co-branding?
lorasvet [3.4K]

Co-branding is adding Girl Scouts Thin Mints cookie chunks to a Dairy Queen blizzard treat. Co-branding is the partnership of two brands on a new product.

4 0
3 years ago
If the Federal Reserve contracts the money supply, then interest rates will _____, and GDP will _____.
finlep [7]

Answer:

Interest rates will rise and GDP will fall

Explanation:

If the money supply falls, that makes money more valuable because there's less of it to go around. Interest rates will reflect this change in the value of money, with interest rates increasing because with money more valuable, there will be a greater opportunity cost to lending money. GDP, in turn, will fall, because money is one half of all economic transactions and so a decrease in the money supply necessarily decreases the number of economic transactions made.

4 0
3 years ago
National Art is a new business. During its first year of operations, credit sales were $40,000 and collections were credit sales
zmey [24]

Answer:

The ending balance of Allowance for Bad Debts account is $800

Explanation:

The computation of the ending balance of allowance for bad debt is shown below:

= Credit sales × uncollectible rate

= $40,000 × 2%

= $800

The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.

However, the other information which is given in the question is not relevant. Hence, ignored it

6 0
3 years ago
The total amount of cash and checks needs to be documented at the bottom of the deposit slip. True False
Vedmedyk [2.9K]
I think it is False! Because it doesn't have a total amount of cash and checks to be documented at the bottom of the deposit slip.

Hope it helped!

-Charlie
4 0
3 years ago
There is overwhelming evidence that environmental and situational factors strongly affect leadership.Of the following,which is t
alexandr402 [8]

Answer:

C) Seating arrangements

Explanation:

A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her.

Some types of power expressed by leaders are referent power, coercive, etc.

Situational leadership is a leadership style which typically involves the leader adapting his or her style to match or suit the current work environment and fits the level of development of the followers being led.

Generally, environmental and situational factors have been proven beyond reasonable doubt to strongly and overwhelmingly affect leadership. The best example of one of those situational factors is seating arrangements of the employees working in an organization. A leader who is the head of a team or department might choose a particular seating arrangement that best suit the current work environment based on his or her style, thought, and perspective.

4 0
3 years ago
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