a house, duh, clothing can be hung and stored, potato chips are bagged, a magazine is almost useless, but a house needs plants trimmmed and rooms cleaned and taking care of bugs and such
Answer:
$51,500
Explanation:
The computation of the cost of goods sold for the year is shown below:
As we know that
Cost of Goods Sold = Beginning balance of Finished Goods Inventory + Cost of Goods Manufactured – Ending balance of Finished Goods Inventory
= $2,000 + $55,000 - $5,500
= $51,500
We simply applied the cost of goods sold formula by taking the three items into the computation part
Answer:
Best source of financing are Personal Investment, Angels, Crowdfunding and Banks.
Explanation:
There are many sources of funding available for the entrepreneur to avail when wanting to work independently. These are mentioned below:
<u>Personal Investment</u>
The first best source is funding it yourself if you have any savings or might be working in an organisation and have just received a handsome bonus that you might be able to invest in. One of the main advantage of this type of financing is that it sends a positive image to the external financiers, that the person wanting to work as an entrepreneur is willing to take risks.
<u>Angels</u>
These are experienced entrepreneurs who have some additional income and are willing to invest in new or small organisations. Sometimes the investment through an angel starts at low level investment and is then taken to a higher amount after some confidence has been built on the entrepreneur's business growth.
<u>Crowdfunding</u>
This type of method for financing is preformed via online where one person provides an investment opportunity to large group of people to invest in small amounts to meet the entrepreneur's needs. This can be either in form of loan or donations.
<u>Bank Financing</u>
Another good source for funding, however, in comparison to the above mentioned financing sources this type is more risk averse. This means that banks intend to provide financing to companies/businesses with low risk profiles. However, it does not conclude that they might not be willing to provide the required financing.
Answer:
The supply for low-skilled labor increased making for a decrase in the real real of wages and quantity supplied (hours of work)
Explanation:
As the inmigrant pushed the quantity supplied for low-skilled labor, the price per wages decrease heavily. Also, as there is now so many people working the supply exceed demand by a good margin making the salaries and wages of low-skilled job to decrease.
Answer:
First year depreciation expense is $2,250
Explanation:
Total depreciation expense is given by:
Price - Salvage Value = 40,000 - 4,000 = 36,000
That $36,000 depreciation expense would be spread out for 200,000 miles.
So for the first year in which the truck is used 12,500 miles, the depreciation expense will be
Question answered.
Note: