Unsecured bonds, these bonds are also called debenture bonds.
I hope this helps.
Entrepreneurs are people that make their own business. Most businesses tend to have a rough start and can possibly even fail. It depends on how the person creating the business acts and how determined they are to make the business flourish. Although many rich people may of started off of just one product that got advertised well and was sold quickly. Even if it isn't a product but more so a service, you can be very successful. Just know what the people want.
Hope this helped!
You get to look at the progress of your business
Answer:
Total cash collection May= $306,000
Explanation:
Giving the following information:
Sales:
April= $250,000
May= $320,000
June= $410,0000
The company expects to sell 50% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month of the sale, 40% in the month following the sale.
<u>Cash collection May:</u>
Sales on cash May= 320,000*0.5= 160,000
Sales on Account May= (160,000*0.6)= 96,000
Sales on Account April= (250,000*0.5)*0.4= 50,000
Total cash collection May= $306,000
Answer:
Cost of goods sold= $1,980
Explanation:
Giving the following information:
beginning inventory of 360 units at $11 per unit
February= purchases 530 units at $16 each
October= 320 units at $12 each
Laurel sells 180 units during the year.
The cost of goods sold is calculated using the purchase price of the firsts units incorporated.
Cost of goods sold= 180*11= $1,980
