Answer:
Date Account Title Debit Credit
April Factory Overhead $16,720
Indirect materials $10,500
Wages payable $4,000
Utilities payable $ 500
Accumulated Depreciation $ 620
Small tools $ 370
Equipment rental $ 730
Answer:
compitition of the bussiness
Answer:
b) venture capitalist
Explanation:
-Underwriter: is a financial institution that commits to buy the shares that are not sold when new shares are issued.
-Venture capitalist: is an investor that provides financing for organizations that have a growth potential in exchange for equity. The capital comes from a fund in which the venture capitalist manages money from other people.
-Entrepreneur: is a person that creates and manages a business.
-Angel investor: is a person that uses its own funds to provide capital for new businesses in exchange for equity.
According to this, Britt is a venture capitalist.
An emergency fund is an account that is used to set aside funds that will be needed in the event of a personal financial dilemma. The size of one emergency fund depends on one's income, dependants and lifestyle. It is recommended that one put aside at least three months worth of expenses.In the question given above, the monthly expenses is $2000.00, so the person has to put away at least $2000 * 3 months, which is equal to $6000.00.
Answer:
C. You have more credits than debits.
Explanation:
In the financial world, certain terms are used that are understood by those in the financial world. One such word is the phrase "being in the black".
This phrase<u> "being in the black" means when someone of a company has more credits than debits</u>. This means that the inflow of money is more than outgoing. So, it is a good thing and that the company or the person is in a stable condition, not in debt, and financially solvent and safe.
Thus, the correct answer is option C.