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Ugo [173]
3 years ago
13

Economist Bruce Kirchhoff contends that business failures are much lower than traditionally reported.

Business
1 answer:
Usimov [2.4K]3 years ago
3 0
The answer is true because it didn’t say that he did said that business failures are much lower than traditionally reported if you don’t mind can pls mark me as brainliest I hope this helps if I doesn’t then go on the website course hero
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Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances
Mila [183]

Answer:

Explanation:

We solve by taken into consideration the transaction on a,b,c and d. This will allow us to get the unadjusted ending balance of each account we then compare it to be the adjusted balance on december 31 to find the adjustments made.

a) For supplies account:

supplies, November 30                                                           $2,000

purchase of additional supply doing December                      4,500

                                                                                                   -----------

supplies, December 31(unadjusted)                                       $6,500

Adjustment squeeze                                                                  3,000

                                                                                                  -------------

supllies december 31                                                                 3,500

The adjustment is squeeze meaning it was used as force balancing. Adjustmnet include a debit to supplies,expense and credit to supplies for $3,000                    

b) For supplies account:

Prepaid, Insurance November 30                                           $8,000

Additional insurance payment doing December                             0

                                                                                                   -----------

Prepaid insurance , December 31 (unadjusted)                      $8,000                

Adjustment squeeze                                                                   2,000

                                                                                                  -------------

Prepaid insurance december 31 (adjusted )                              6,000

The adjustment is squeeze meaning it was used as force balancing. Adjustmnet include a debit to insurance expense and credit to prepaid insurance for $2,000          

c) For supplies account:

salary payable November 30                                                  $11,000

salary paid doing December                                                      11,000

                                                                                                   -----------

Salary payable , December 31 (unadjusted)                                      0                

Adjustment squeeze                                                                  16,000

                                                                                                  -------------

Prepaid insurance december 31 (adjusted )                             $16,000

The adjustment is squeeze meaning it was used as force balancing. Adjustmnet include a debit to salary which represent unpaidupaid salary payable $16,000                              

d) For supplies account:

Deffered revenue November 30                                                          $3,000

Additiona Advances from customer in december                                         0                                    

                                                                                                                -----------

Refered revenue , December 31 (unadjusted)                                      3,000                

Adjustment squeeze                                                                               1,500

                                                                                                              -------------

refered revenue december 31 (adjusted )                                            $1,500

The adjustment is squeeze meaning it was used as force balancing. Adjustmnet include a debit to defred revenue and a credit to service revenue for $1,500 .                              

5 0
3 years ago
An investment firm provides its customers mobile applications that significantly simplify traditional investing activities. For
Lunna [17]

The Differentiation strategy is used by the investment firm in standing out in the industry.

<h3>What is Michael Porter strategy? </h3>

A strategy is defined by Porter as a competitive position that is deliberately chosen as a different set of activities to deliver a unique mix of value.

The Generic Strategies model of Michael Porter includes:

  • Cost Leadership
  • Differentiation
  • Focus.

These strategy are important because they provide an options for organizations to gain competitive advantage.

In conclusion, the Differentiation strategy is used by the investment firm in standing out in the industry.

Read more about Porter strategy

<em>brainly.com/question/24843525</em>

5 0
2 years ago
Dane is a stockholder in smallworld, inc., a c corporation that manufactures amusement park rides. the company recently lost a m
Georgia [21]
Dane and the other stockholders will lose their investments but nothing else. Because Dane and others are stockholders in this company, they will lose the money that they had invested in the company and they will no longer receive any dividend from the company again because the company has gone bankrupt. Dane and others are not liable for other debts that had been acquired by the company. 
7 0
3 years ago
According to the New York Times, during the mortgage crisis real estate brokers had an incentive to steer borrowers to higher-co
just olya [345]

Answer:

Rawls' Theory of Justice.

Explanation:

Rawls argues that self-interested rational persons behind the veil of ignorance would choose two general principles of justice to structure society in the real world: 1) Principle of Equal Liberty: Each person has an equal right to the most extensive liberties compatible with similar liberties for all.

7 0
3 years ago
Gerald is assessing global entry strategies for his gourmet sandwich business. He doesn't want to take much risk, and he's willi
vitfil [10]

Gerald is assessing global entry strategies for his gourmet sandwich business. He does not want to take a lot of risk and he is willing to limit his control of international stores. Gerald will likely use a(n) __________ strategy.

Select one:

a. direct investment

b. franchising

c. exporting

d. joint venture

e. strategic alliance

Answer:

b. franchising

Explanation:

For a food business like a gourmet sandwich business, the best global entry strategy Gerald will likely take that involves low risk and limit in control of international store is franchising strategy.

Franchising, which involves a contract that allows one company to use the brand and concept of another company, guarantees getting customers and retention of customers. The image of the product offered would be created in current and potential customers .

7 0
3 years ago
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