1) Partnership. Nick Selver and Rita Andrew began the company as a partnership.
2) partners: This word best describes the interest-holding people in a partnership
3) Incorporate: This word best describes converting the partnership to a corporation in order to democratize ownership of the company and sell stock publicly
4) Stock Market: This is the market in which shares of a public company are traded on the open market.
Answer:
A) is feature differentiated products B) is the downward sloping demand curves
Explanation:
Just took the quiz
Answer:
Net Income is $17,000
Explanation:
A sole proprietor is not taxed as a business entity but all the income and expenses should be reported on the income tax return. On schedule C all the details of profit and loss should be submitted with Form 1040.
Net profit calculation to report on Schedule C is as follow:
Net sales - $80,000
Cost of goods sold <u>($40,000)</u>
Gross Income $40,000
Operating expenses <u>($20,000)</u>
Operating Income $20,000
Employee payroll taxes <u>($3,000)</u>
Net Income <u> $17,000 </u>
Answer:
Journal Entry
Cash = $2100
Interest Revenue = 100
Notes Receivable = $2000
Explanation:
We need to find the interest revenue:
$2000 X 0.10 = $200
The time interval from February to August is 6 months. Therefore we have;
Interest Revenue = $200 X (6 months/12 months) = 100.
Sanger's record on August 1 2018, would be:
Journal Entry
Cash = 2000 + 100 = $2100
Interest Revenue = 100
Notes Receivable = $2000
The study shows that offering of low-cost offices with basic services to new businesses in the early stages of development brings about a 87% success rate of <u>incubator</u><u>.</u>
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<h3>Who does the Incubators entails?</h3>
The Incubators is a tool that offer a new businesses in the critical stage of early development low-cost offices with basic services such as accounting, legal advice, secretarial help etc
In conclusion, the study shows that offering of low-cost offices with basic services to new businesses in the early stages of development brings about a 87% success rate of <u>incubator</u><u>.</u>
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Read more about incubator
<em>brainly.com/question/13714458</em>