Answer:
There is sacrifice to having your own business. Sam wasn't ready to invest the hours needed to make it on his own.
Explanation:
There are many advantages to opening a new business. When you are an entrepreneur it is easy to get lost in all the benefits and don't pay attention to many os its disadvantages.
A big disadvantage is that you are always at work, you are working everywhere at all times. There are no off days, if you’re not working, then you’re not earning. You don’t need to be engaged 24/7 to have a chance at success in the world of entrepreneurship, but you will be working a lot more often.
Most people who find success in the world of entrepreneurship are working longer, harder days than the average “traditional” employee. You do have some flexibility when putting in those hours, so you can structure medical appointments, school visits, and other family needs within your day. You do not have the luxury of cutting back on your hours most days.
There is sacrifice to having your own business. Sam wasn't ready to invest the hours needed to make it on his own.
Answer: 34 days
Explanation:
The average payment period is a measure that is used to show the time the firm takes on average to pay its creditors.
The formula is:
Cash cycle = Operating cycle - Average payment period
30 = 64 - APP
APP + 30 = 64
APP = 64 - 30
APP = 34 days
Answer:
Debt / Equity = 0.72649 : 1 or 72.649%
Explanation:
The ROE or return on equity can be calculated using the Du Pont equation. It breaks the ROE into three components. The formula for ROE under Du Pont is,
ROE = Net Income / Sales * Sales / Total Assets * Total Assets / Shareholder's equity
or
ROE = Net Income / Total equity
Assuming that sales is $100.
Net Income = 100 * 0.051 = 5.1
Total Assets = 100 / 1.84
Total Assets = 54.35
0.162 = 5.1 / Total equity
Total Equity = 5.1 / 0.162
Total Equity = 31.48
We know that Assets = Debt + Equity
So,
54.35 = Debt + 31.48
Debt = 54.35 - 31.48
Debt = 22.87
Debt / Equity = 22.87 / 31.48
Debt / Equity = 0.72649 : 1 or 72.649%
Answer:
The answer is:
Dr Unearned Service Revenue 4,800
Cr Service Revenue 4,800
Explanation:
Since Laferty completed 60% of the landscape plan during this year, they should record $4,800 as earned revenue ($8,000 x 60%), while the remaining $3,200 should stay as unearned revenue. The journal entries should be as follows:
Dr Unearned Service Revenue 4,800
Cr Service Revenue 4,800
[A] To handle the day to day operations of the project.
