Answer:
Explanation:
With the invention of apps like Uber, technology facilitates connections between workers and clients and also modulates pricing. This is called the gig economy.
Answer:
The organization of the Federal Reserve- the institution that controls our <u>money supply </u> - can be described in terms of a pyramid. At the top of the pyramid is the <u>Board of Governors</u> . It is composed of seven members who are appointed by the<u> President </u> to serve 14-year terms of office. From those seven, the the head of the Federal Reserve System.
One step down in power is the <u>Federal Open Market Committee</u> . Their job is to set <u>monetary policy</u> in the United States, which means they influence the availability of money in the U.S. This portion of the hierarchy is made up of the <u>12 district banks</u> in the United States. These are found all across the country in major cities.
There are also <u>“member banks”</u> , which make up less than 40% in the U.S. And the last part of the Fed’s organization can be categorized as <u>“Other Depository Institutions.”</u> , which include savings banks, savings and loans banks, credit unions. Of course, at the base of it all, is the <u>American people</u> , who are all impacted by decisions of the Federal Reserve System.
Answer:
Soundgarden Company
Journal Entries:
July 10, 2020:
Debit Cash Account (or Accounts Receivable) $800,000
Credit Sales Revenue $800,000
To record the sale of 200 copiers at $4,000 apiece.
July 10, 2020:
Debit Warranty Expense $66,000
Credit Warranty Liability $66,000
To record the estimated warranty maintenance on copiers sold.
December 31:
Debit Warranty Liability $17,000
Credit Inventory $17,000
To record actual warranty costs incurred.
Explanation:
Soundgarden should record these transactions according to the matching principle, whereby warranty expense is recognized in the period that matches the sale so that all expenses related to sales are recognized when the sales are recognized. This is achieved by creating a warranty liability account after the sales and recording a warranty expense as the debit entry. When actual warranty costs are incurred, the Soundgarden Company will debit the warranty liability and credit the inventory actual for the actual costs.
Answer:
Pages and pages of detailed facts and figures
Explanation:
Endless pages of detailed fact and figures are not necessary for a new small business a concise and financial information should suffice.
There are three primary parts to a business plan:
The first is the business concept, where you discuss the ibusiness you are in to, your business structure, your particular product or service, and how you plan to make your business a success.
The second is the marketplace section, in which you describe and analyze potential customers (target market): who and where they are, what makes them buy and so on. Your unique niche and selling point Here, you also describe the competition and how you'll position yourself to beat it.
The financial section contains your income and cash flow statement, balance sheet and other financial ratios, such as break-even analyses. This part may require help from your accountant and a good spreadsheet software program.
Answer:
See explanation section
Explanation:
See the following images to get the appropriate answer.
