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3 years ago

Cody Barnett describes starting and managing your own business as

Business

1 answer:

artcher [175]3 years ago

4 0

Answer:

Time consuming.

Explanation:

More and more people dream of having their own business not only to dedicate themselves to doing something they like, but also to have more freedom with their time and money.

However, despite the increase in the number of people with this entrepreneurial spirit, not all of them have a deep knowledge of what it means to undertake and are not well aware of the advantages, disadvantages, how to start a business and what kind of profitable businesses can be developed. In addition, many people do not know that setting up their own business is difficult, laborious and time consuming and requires a lot of patience, perseverance and dedication.

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The following are the assets and liabilities of Jill Carlson Realty Company, as of January 31, 2018. Also included are revenu

pogonyaev

Complete Question:

Apply the accounting equation; construct a balance sheet) The following are the assets and liabilities of Jill Carlson Realty Company, as of January 31, 2018. Also included are revenue, expense, and selected stockholders' equity figures for the year ended on that date (amounts in millions):

Complete Table is in the attachment given at the end of the answer.

Requirement 1.

Construct the balance sheet of Jill Carlson Realty Company at January 31, 2018. Use the accounting equation to compute ending retained earnings.

<h2>Answer:</h2>

Balance Sheet of Jill Carlson Realty Company, as of January 31, 2018

<h2>ASSETS</h2>

Current Assets

Cash $57.2

Receivables $0.5

Non Current Assets

Investment Assets $79.4

Property, Plant and Equipment $1.6

Other Assets $9.3

Total Assets $148

<h2>LIABILITIES</h2>

Current Liabilities $2.9

Non Current Liabilities $102.6

Total Liabilities $105.5

EQUITY

Common Stock $39.2

Closing Retained Earnings (Step1) $3.3

Total Equity $42.5

Step 1: Find Closing Retained Earnings

As we know that:

Closing Retained Earnings = Total Assets - Total Liabilities - Common Stock

Here

Total Assets is $148 million

Total liabilities is $105.5 million

Common Stock is $39.2 million

By putting these values in the above equation, we have:

Closing Retained Earnings = $148 million - $105.5 million - $39.2 million

Closing Retained Earnings = $3.3 million

7 0

3 years ago

BeFriends Corporation uses the trademark of Community Life Inc., a social media site, as a meta tag without Community Life’s per

timama [110]

BeFriends Corporation uses the trademark of Community Life Inc. a social media site, as a meta tag without Community Life’s permission. This may be permissible (a) if the appropriating site has nothing to do with the meta tag.

Explanation:

The using of the Meta Tag is Permissible because the trade mark name is being used for a different product or service and it does not involve any kind of trade mark infringement.

4 0

3 years ago

Read 2 more answers

6. Microsoft Word's spell checker

Helen [10]

B makes more sense it should be it

5 0

3 years ago

Some observers had argued that Uber’s greatest problem was not any of its scandals, but its CEO Travis Kalanick. Now that Kalani

emmainna [20.7K]

Answer:

Answer for the question

Some observers had argued that Uber’s greatest problem was not any of its scandals, but its CEO Travis Kalanick. Now that Kalanick no longer serves that role, how much better off is Uber really? Where do you come down? Do you think Kalanick’s reduced profile will turn the tide for Uber? Or is Kalanick’s drive and competitiveness necessary to Uber’s continued success, regardless of the title he holds? If you were on the board, what would you recommend? And why?

Is given in the attachment.

Explanation:

3 0

3 years ago

Karen and Mike currently insure their cars with separate companies, paying $400 and $600 a year. If they insured both cars with

Papessa [141]

Answer:

$1,720

Explanation:

Total annual premium for both Karen and Mike = $400 + $600 = $1,000

If they insured both cars with the same company, they would save 15% on the annual premiums -> the annual saving = 15% * $1,000 = $150

We use formula FV to calculate the future value of annual payment:

= FV(rate, number of payment, - payment) = FV(3%,10,-150) = $1,720

4 0

3 years ago