All categories

3 years ago

What are the five rules you need to follow before starting a business for yourself?

1 answer:

5 0

1. Own your name.
2.Get in with the law.
3.How much do you need to live? got to think about your living costs.
4.Takes Brains, and bravery.
5.learn and be smart

You might be interested in

Feather Company's inventory is recorded at its historical cost of $100,000. The replacement cost currently is $95,000; estimated

Liula [17]

Answer:

B. $97000

Explanation:

Given that

Estimated selling price = 102000

Estimated selling cost = 5000

Recall that

The net realizable value which is NRV

= Estimated selling price - estimated selling cost

Thus,

NRV = 102,000 - 5000

= 97000

Therefore, the estimated net realizable value is $97000.

Note, the other parameters listed are not used in estimating NRV.

5 0

3 years ago

Read 2 more answers

The following data relates to Spurrier Company's estimated amounts for next year. Estimated: Department 1 Department 2 Manufactu

Rashid [163]

Answer:

$3,628 per direct labour hour.

Explanation:

Total manufacturing overhead cost and total direct labour hours

Particulars Dep 1 Dep 2 Total

Manufacturing overhead cost 1,360,000 3,560,000 4,920,000

Direct labour hours 553,000 803,000 1,356,000

Plant-wide overhead rate = Total manufacturing overhead / Total direct labour rate

Plant-wide overhead rate = $4,920,000 / 1,356,000

Plant-wide overhead rate = $3,628

Therefore, the Plant-wide overhead rate is $3,628 per direct labour hour.

6 0

3 years ago

Which of the following is NOT included when calculating gross income?

jekas [21]

Financial incomes other than scholarships can be included in the calculation of gross income.

<u>Explanation: </u>

The gross revenue, cost of sold goods marks the gross income for a business which is also known as gross margin. It does not include all the other costs in running the business.

For an individual, gross income is the total financial income that he/she receives before paying tax or other deductions is known as gross income or gross pay. It not only includes wages and salary but also the other incomes namely alimony, pension, tips, rental income, investment income, capital gains and dividends.

7 0

3 years ago

Supply and demand coordinate to determine princes by working

Mashutka [201]

Answer:

The market mechanism

Explanation:

This is where demand meets supply and a price is agreed

3 0

3 years ago

If a fee of $2,850 earned from a client was debited to Accounts Receivable for $2,580 and credited to Fees Earned for $2,850, wh

Natalka [10]

Answer:

Explanation:

given data

fee = $2850

receive = $2580

credit fees = $2850

to find out

which statement true

solution

we know here that fee earn by client is here $2850

and

$2580 receive as debit account so

$2850 fee earn credit

so we can say here

credit balance will be high ( 2850 - 2580)

higher = 270

so option A is correct

so here the credit account total of trial balance would be high by $270

4 0

3 years ago