A few of the following can be considered major factors in failure of small businesses:
-Lack of financial planning: when a business is born it needs to critically plan out the first few years of running. Small business often fail to plan out for the future and have less working capital at hand.
-Lack of expertise: small business cannot afford specialist managers and this may be a reason for failure
-no investment in marketing and research can also be a reason.
Answer:
cash 2,790 debit
unearned revene 2,790 credit
unearned revenue 1,860 debit
rent revenue 1,860 credit
Explanation:
The revenue from the rent is unearned as currently the firm has to provide the rent spance for three months It will be earned as time passes.
At year-end December 31th we have earned 2 months (Nov and Dec) therefore we reocgnize for that amount
2,790 x 2/3 months = 1,860 rent revenue
Answer:
Q = 450
P = 35
Explanation:
TR = P x Q = (75 - 0.1Q) x Q = -0.1Q2 + 75Q
Then, Cost = (30Q + 1,000)
Profit: Total revenue - C
-0.1q2 + 75Q - 30q - 1,000 = -0.1q2 + 45q - 1,000
as this is a quadratic function we identify a b c:
a= -0.1 b = 45 x = -1000
the profit maximum point is at the vertex:
-b/2a = -45/ 2(-0.1) = -45/-0.1 = 450
The profit maximize at Q = 450
P = 75 - 0.1x450 = 35
Answer:
The amount of outstanding checks on Harris Company's June bank reconciliation should be $42700.
Explanation:
Outstanding amount of checks issued = Checks outstanding in beginning of June + Checks issued during the month of June - Checks cleared in June
= $15400 + $64900 - $37600
= $42700
Therefore, The amount of outstanding checks on Harris Company's June bank reconciliation should be $42700.
Answer:
A qualified dividend is taxed at the capital gains tax rate and ordinary dividends are taxed at standard federal income tax rates. Qualified dividends must meet special requirements put in place by the IRS.
Explanation:
