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3 years ago

What are the 3 techniques used for running a busines

1 answer:

4 0

Answer: 1) Hire experienced employees 2) Understand the marketplace and define clear KPIs 3) Organize your business plans

Explanation:

It's important for your employees to be qualified for their job, because their performance affects you the same way it would affect their paycheck

You have to understand the marketplace and what your competition is, so that you can do your best, understanding marketing trends and high demands

Being organized is very important, you need to set dates on your calender and take notes

I hope this helped :D

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During the course of your examination of the financial statements of the Hales Corporation for the year ended December 31, 2021,

Natasha2012 [34]

Answer:

adjusting entries:

a. An insurance policy covering three years was purchased on January 1, 2021, for $6,600. The entire amount was debited to insurance expense and no adjusting entry was recorded for this item.

Dr Prepaid insurance 4,000

Cr Insurance expense 4,000

b. During 2021, the company received a $850 cash advance from a customer for merchandise to be manufactured and shipped in 2022. The $850 was credited to sales revenue. No entry was recorded for the cost of merchandise.

Dr Sales revenue 850

Cr Unearned revenue 850

c. There were no supplies listed in the balance sheet under assets. However, you discover that supplies costing $900 were on hand at December 31.

Dr Supplies 900

Cr Supplies expense 900

d. Hales borrowed $25,000 from a local bank on October 1, 2021. Principal and interest at 12% will be paid on September 30, 2022. No accrual was recorded for interest.

Dr Interest expense 750

Cr Interest payable 750

e. Net income reported in the 2021 income statement is $40,000 before reflecting any of the above items.

net income after adjustments = $40,000 + $4,000 - $850 + $900 - $750 = $43,300

4 0

3 years ago

Question 13 of 20

TEA [102]

Answer:

Explanation:

Answer :A

5 0

3 years ago

Read 2 more answers

Corporation made sales of million during . Of this amount, collected cash for million. The company's cost of goods sold was m

saveliy_v [14]

Answer:

A. $405 million

B. $332 million

Explanation:

A. Calculation for How much was Carter's net income for 2016

Using this formula

2016 Net income=Sales revenue - Cost of goods sold - Other expenses

Let plug in the formula

2016 Net income= $900 million - $270 million - $225 million

2016 Net income = $405 million

Therefore How much was Carter's net income for 2016 is $405 million

B. Calculation for How much was Carter's cash balance at the end of 2016

Using this formula

2016 Ending cash balance =Beginning balance + Cash receipts - Payments

Let plug in the formula

2016 Ending cash balance=$ 110 millon + $872 million- $375million - $275million

2016 Ending cash balance= $332million

How much was Carter's cash balance at the end of 2016 is $332million

8 0

3 years ago

A company has sales of $640,000, net profit after taxes of $23,000, a total asset turnover of 4. 17 and an equity multiplier of

spayn [35]

A corporation has $ $640,000$ in sales, $ $23,000$ in net profit after taxes, a $4.17$ total asset turnover, and a $1.67$ equity multiplier. response is $9%.$ %

The ratio of a company's net income to the equity of its shareholders is known as return on equity (ROE). A company's profitability and the effectiveness of its revenue generation are measured by its return on equity (ROE). The better a corporation is at turning its equity financing into profits, the higher its ROE.

Return on Asset is expressed as a percentage of the total return an organization generates in relation to its total assets. The return on asset calculation formula is.

Return on assets is calculated as Net Profit After Taxes by Asset Turnover and Sales multiplied by $100$ . For example, Return on Assets is $ $23,000*2.5$ by $640000*100$ Return on Assets is $ $57,500/640000*100$ Return

Learn more about equity here.

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8 0

2 years ago

If you returned a $5 federal reserve note to the fed, you could receive:

QveST [7]

If you returned a $5 federal reserve note to the fed, you could receive five 1$ bills, t<span>he FED or the Federal Reserve system is the central bank of the United States. Congress created the Federal Reserve through a law enacted in 1913, giving it the responsibility of promoting a solid banking system and a thriving economy.</span>

7 0

3 years ago