Answer:
Any transaction in cash, either paid or received eg. bought goods from supplier on cash.
Some time supplier offers customer the credit so he can pay later. Bought goods from supplier which are payable in 30 days.
Revenue expenditure is short-term expenditure used to run daily operations eg. Rent, Salaries. These are treated as expense in SOCI.
Where as capital expenditure is one-time large expenditure which generate revenue for company in future. eg Plant and Machinery, Equipment, Furniture. These are capitalized as in SOFP as they meet the definition of Asset (ie Future economic benefits will flow to entity).
Answer:
11.50 %
Explanation:
In estimating the effective annual rate of investment, we use the Future value formula and make i the subject of formula
Thus
FV = PV × (1 + i)^n
FV/PV = (1 + i)^n
FV/PV^ (1/n) = (1 + i)
i = FV/PV^(1/n) - 1
Given that
PV = 5500
FV = 8500
n = 4 years
Thus
i = 8500/5500^(1/4) - 1
= 3000^(1/4) - 1
= 0.1149
= 11.49%
= 11.50 % approximately.
Explanation:
strengths:
1. He or she enjoys all the profit
2. easy to start up
3. decision making is quick
4.he or she can vary the hours of work
weakness:
1.there is lack of finance
2. lack of specialised staff
3.the owner bears all the risk
4.there is unlimited liability
who might start a sole proprietor business
1. a person that wants to be their own boss.
2.extra income.
3.the entrepreneur might think he will make more money working for his self than others.
Answer:
$720,000
Explanation:
Data provided in the question:
Sales reported for the year = $600,000
Net operating income = $200,000
Accounts receivable = $120,000
Accounts payable = $40,000
Now,
The adjusted statements show sales of
= Sales reported for the year + Accounts receivable
or
= $600,000 + $200,000
or
= $720,000
hence,
The adjusted statements show sales of $720,000
The positions of the members of special groups are characterized by inherent conflicts.
<h3>
What is Inherent conflicts?</h3>
When an insurer owns 100% of an insurance broker, and that broker recommends that insurer's products, there is an inherent conflict of interest that persists.
A methodical technique to giving employees financial value in exchange for their labor is called compensation. Compensation can help with recruitment, job performance, and job happiness, among other things. Compensation typically refers to a monetary payment made to a person in exchange for their services.
Employees earn pay at their places of employment. It includes income or wages, commission, as well as any bonuses or benefits that are connected to the particular employee's employment.
Hence, In the context of the compensation of various groups in a company, an important characteristic of special groups is that The positions of the members of special groups are characterized by inherent conflicts.
To learn more about Inherent conflicts refer to:
brainly.com/question/1341353
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