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3 years ago

How do businesses and not-for-profit organizations help create our standard of living?

Business

1 answer:

Phoenix [80]3 years ago

8 0

Answer:

Businesses are the engine room of any economy, businesses are established to make profits, but before a business can make a profit it would have to produce goods or render services that help solve a problem or satisfy a need in society. Also, in carrying out their activities businesses create employment by employing people to work with them, and create demand through the wages paid to their employees which they spend on things, the company buys input for its processes, and both the businesses and its employees pay taxes to the government.

With regards to not-for-profit organizations, they fill the gap where the government and the for-profits organisation cannot operate. They provide assistance to the needy and fight the rights of people, amongst other things.

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You are creating a portfolio of two stocks. The first one has a standard deviation of 16% and the second one has a standard devi

Marysya12 [62]

Answer:IDK

Explanation:

6 0

3 years ago

April 30 May 31

Sonbull [250]

Solution:

The record entry in accounting is the reporting of a report in an accounting document that displays the company's costs and credit balances. The amount of the payments must be equivalent to the sum of the credits otherwise the journal submission must be treated as unbalanced.

Raw material: a fundamental substance in its natural, changed or semi-managed condition, used as a contribution to the cycle of production for the eventual modification or transformation into a finished decent substance.

Pass journal entry

Particular Debit ($) Credit ($)

Raw material inventory (WN1) 210,000

Cash 210,000

Work in process 186,000

Raw material inventory 186,000

Factory overhead 15,000

Raw material inventory 15,000

4 0

3 years ago

Anna has just opened her landscaping business in a new office/industrial park located within the city of Ashdown, Arkansas. Upon

tino4ka555 [31]

Answer:

The correct answer is c. enforceable as a private law.

Explanation:

Within a lease agreement, obligations are generated for both contractors. The owner of the property gives the right to enjoy it and this gives rise to a series of indispensable obligations for the preservation of the interests of the owner.

One of the obligations of the lessor is to keep the leased thing in good condition, to fulfill this obligation it is up to him to make the necessary repairs, because the tenants generally correspond to the lessee. But, the landlord has restrictions when performing such repairs.

6 0

3 years ago

Which is a commodity someone might invest in?

monitta

Answer:

b) natural resources

Explanation:

Natural resources refer to valuable materials found beneath, above, and on the earth's surface. They are naturally occurring, meaning no human effort is required in producing them. Natural resources make a good source of wealth. Examples of natural resources are land, mineral, oils and gas, forests, water, sunlight, wind, and many others.

Anyone with access to natural resources can invest to make them marketable products. Extraction of oil and refining is an example of investing in natural resources. Processing of trees to wood, use of solar to generate power are other examples.

6 0

3 years ago

Read 2 more answers

At the beginning of the current period, Novak Corp. had balances in Accounts Receivable of $213,500 and in Allowance for Doubtfu

Bezzdna [24]

Answer:

Journal entries

Explanation:

The journal entries are shown below:

a. Account receivable $7878,100

To sales revenue $878,100

(Being the sales is recorded)

Cash Dr $704,650

To Account receivable $704,650

(Being the collection is recorded)

b. Allowance for doubtful debts $7,543

To Account receivable $7,543

(Being the written off amount is recorded)

c. Account receivable $3,093

To Allowance for doubtful debts $3,093

(Being the previously written off as uncollectible is recorded)

Cash Dr $3,093

To Account receivable $3,093

(Being the recovery is recorded)

d. Bad debt expense $20,900

To Allowance for doubtful debts $20,900

(Being the bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= Opening balance of Allowance for Doubtful Accounts - written off amount + recovery amount - uncollectible amount

= $8,500 - $7,543 + $3,093 - $24,950

= $20,900

4 0

3 years ago