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noname [10]
3 years ago
13

When Frank buys his own house, he would like to have a home theater system and a jacuzzi. He plans to save enough money in the n

ext three years so that he can fulfil his wish. Frank's desire for the home theater and the jacuzzi is an example of a(n) _____________.
a) need
b) market
c) want
d) demand
e) prospect
Business
1 answer:
Basile [38]3 years ago
5 0

Answer:

c

Explanation:

he wants all of those things

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While many others dreamed about owning their own business, Holly Gabrel decided to do something about it. Holly knew that being
Eva8 [605]

Answer:

e. all of these should be included.

Explanation:

These listed items are not entrepreneurial personality traits.  Holly is not expected to have any of them as traits because they are not.  Personality traits are human characteristics, which propel Holly as an entrepreneur to take entrepreneurial risks.  They include Creativity, Risk-taking, Passion, Planning, Social Skills, Open-mindedness, Decisiveness, Positivity, etc.  Holly abundantly possesses them.

5 0
3 years ago
Flint Corporation commenced operations in early 2020. The corporation incurred $58,500 of costs such as fees to underwriters, le
Alekssandra [29.7K]

Answer and Explanation:

The journal entry is shown below:

1. Organization expense Dr $58,500

     To cash $58,500

(Being organization expense is recorded)

Here organization expense is debited as it increased the expenses and credited the cash as it decreased the assets. Also the assets and expenses contains normal debit balance

2. No entry is required as the amortization is recorded for only intangible assets

6 0
3 years ago
An unusual development in the wake of the 2007-2009 financial crisis was that nominal interest rates on some financial instrumen
bogdanovich [222]

Answer:

c. The real interest rate is 1 percent and the expected inflation rate is minus 2 percent

Explanation:

Nominal interest rate = real interest rate + expected inflation rate.

For the third option, the nominal interest rate: 1% + (-2%) = -1%

For the first option, the nominal interest rate: 2% + 1% = 3%

For the second option, the nominal interest rate: 0 + 2% = 2%

For the fourth option, the nominal interest rate: -2% + 3% = 1%

I hope my answer helps you

4 0
3 years ago
Which of the following practices are not considered essential for a comprehensive JIT implementation: Uniform production (also k
bogdanovich [222]

Answer:

False ( "Large lot sizes" is not considered essential for JIT )

Explanation:

Just in time is an arrangement and alignment of raw material supply with the production process of the business. It minimizes the holding cost, lead time required for delivery of raw material, the setup times and sizes of orders.

The Large lot sizes is not a characteristics of JIT because it may requires the storage facility to place the large orders until used in production which might increase the holding cost.

So, Large Lot Sizes are not considered essential for a comprehensive JIT implementation.

4 0
3 years ago
Each of the following independent events requires a year-end adjusting entry. Show how each event and its related adjusting entr
Tatiana [17]

Answer:

1. Prepaid insurance (Dr.) $6,300

  Cash (Cr.) $6,300

2. Cash (Dr.) $15,300

   Unearned Income (Cr.) $15,300

3. Purchases (Dr.) $1,750

   Accounts payable (Cr.) $1,750

   Cost of Goods Sold (Dr.) $1,620

   Ending Inventory (Dr.) $130

   Purchases (Cr.) $1,750

4. Prepaid office rent (Dr.) $6,300

   Cash (Cr.) $6,300

Explanation:

The adjusting entry is a journal entry recorded at end of accounting period to adjust events or transactions to comply with the accrual concept.

The closing entries are journal entries required to close a transaction or event in the period. The purpose is to follow matching concept of accounting.

7 0
3 years ago
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