Answer:
d. It would increase liabilities by $600
Explanation:
Supplies are part of inventory, and when inventory is purchased it increases assets.
But is it purchased against cash then there is no change as assets in the form of cash is reduced by same.
Further, if these are purchased on credit then the balance of liabilities increases as the increase in liabilities and increase in assets keep the balance sheet equation matching.
Thus, purchasing on credit will increase the liabilities.
Answer:
The correct option is these statements are true
Explanation:
Margin of safety is the measure of the reduction in sales that needs to be recorded before a company makes no profit,invariably the difference the planned sales volume and the sales volume required to break even(makes no profit no loss).
The margin of safety can be expressed in volume,say 100 units of a product,in dollar terms ,say each product sells for $100 each,the margin of safety becomes $10,000($100*100) and can also be expressed in percentage terms depending on the way management wants it stated.
Answer:
a A. Thomas invests $2,000 in her business.
DOES NOT QUALIFY AS A BUSINESS TRANSACTION, THIS QUALIFIES AS AN INVESTMENT TRANSACTION
Explanation:
Business transactions must involve two distinct parties, and must result in the exchange of goods or services. Thomas invested on he business, and that is considered an investment transaction, not a business transaction.
b A. Thomas purchases a computer system on account to be used in her business. QUALIFIES AS BUSINESS TRANSACTION, INCREASES ASSETS AND LIABILITIES
c A. Thomas gives an $800 quote to a potential client for services requested.
QUALIFIES AS BUSINESS TRANSACTION, INCREASES REVENUE AND INCOME
d A. Thomas writes check 1002 out of the business checking account to pay the first month's rent on the space her business is leasing. QUALIFIES AS BUSINESS TRANSACTION, INCREASES EXPENSES AND REDUCES INCOME
Answer:
a. Developing a robust marketing program to promote the social justice elements of the business and gain insights into consumer purchasing behavior on the website
Explanation:
In order to sustain the business, the entrepreneur should create a robust marketing program in which he is able to promote the components of social justice and also the behavior of the consumer on the website so that he gets to know how much people are active in his website, what are the problem people are facing, etc
Hence, the correct option is a
B) Multimedia artist and animator
Explanation:
As she works in multimedia forms and creates special effects for film, video and computer program J<u>anice will find her skills to be the most useful when she works as a multimedia artist and an animator</u>.
<u>It is a job with great scope and variety of work ranging from computer graphics, graphic designing and designing games and effects from films</u>.
As it is a growing industry Janice will find different avenues as she carves out these niches for herself.
