Answer:
B) TO CREATE JOBS
Explanation:
2. Create Jobs: Entrepreneurs are the organizers of the other factor of production(Land, Labour Capital) and are by nature and definition job creators, as opposed to job seekers. The simple translation is that when you become an entrepreneur, there is one less job seeker in the economy, and then you provide employment for multiple other job seekers. This kind of job creation by new and existing businesses is again is one of the basic goals of economic development. All this in turn creates a lot of job opportunities, and is helping in augmenting our standards to a global level.
Answer:
C. Debit to cash
D. Credit to notes receivable
Explanation:
When a company received money for previous sales, the following entry is required -
Debit Cash XXXX
Credit Accounts/Notes receivable XXXX
In that case, as Davis sold Weber equipment with an agreement of notes because of long-term payment, they treated the sale as a note receivable. Whenever the subsequent payment occurred, the entry to record the journal -
Debit to cash and Credit to notes receivable. Therefore, options C and D are both correct.
Answer:
The correct answer is $543,000
Explanation:
According to the given scenario, the calculation of the ending inventory is as follows:
= Inventory on hand + merchandise purchased F.O.B shipping point + F.O.B destination
= $350,000 + $118,000 + $75,000
= $543,000
The goods held on consignment i.e. not involved is not relevant
Thus, the calculation of the ending inventory is $543,000
Answer:
The answer is $241,800
Explanation:
Step 1:
We need to find Net income.
Net income = Revenue - expense
$402,000 - $351,000
Net income is $51,000
Step 2.
Closing/ending retained earnings = beginning/starting retained earnings plus net income minus dividend.
= $202,000 + $51,000 - $11,200
=$241,800
Therefore, Retained earnings on the balance sheet as of December 31, 2016 is $241,800
Answer:
The correct answer is to be similar in terms of the behavior of consumption.
Explanation:
Market segmentation is the term which is defined as the classification of the prospective groups of consumer as per the needs as well as requirements and their tendency for generating the similar or alike response to a specific action of marketing.
It is the strategy which is useful in the business which might segment or divide the homogeneous consumer market to a proportion of sizeable and into a more defined segments or groups.
So, in order to acknowledge the market segment, the group members need to be similar in terms of the behavior of consumption.
