Answer:
To have an attorney who understands small businesses.
A banker for the business.
An insurance agent who specializes in small businesses.
Having a CPA.
(These are the only ones I can think of off the top of my head) So hope its helpful :)
Explanation:
Answer: Management by objectives (MOB)
Explanation:
Management by objectives also known as management by results is a management method which helps to improve the performance of an organization by defining clearly the objectives that are agreed on by the management and employees.
Management by Objectives is a personnel management technique where managers and employees work together to set, record and monitor goals of an organization for a specific period of time. Organizational goals and planning flow from top to the bottom.
Answer:
Question requires that a journal entry is done;
Date Account Title Debit Credit
June 1 Cash $78,200
Common Stock $78,200
Answer:
B) Abstract and opinion.
Explanation:
Abstract and opinion can also be call Abstract of title:
this is the records or evidence of the full history of the property from the conveyance,wills, legal backing, and the list of those people that as assume ownership of the property for a particular period of time.
A full summary of all consecutive grants, conveyances, wills, records, and judicial proceedings affecting title to a specific parcel of real estate, together with a statement of all recorded liens and encumbrances affecting the property and their present status, but not including encroachments and forgeries, is known as a Abstract of Title or Abstract and opinion.
Answer: Long-term investments
Wilson Steel paid $34,000 for a 3.2% stake in Barnes Metal.
Wilson Steel has invested in Barnes with the intention of selling this stock after two years. It has no other business interest in it. <u>Hence, we can consider this as a long-term investment.
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Long-term investments are a part of the assets of a company. Hence, in the balance sheet, long-term assets will show an increase of $34,000.
