All categories

4 years ago

How do you create a business

Business

2 answers:

Bezzdna [24]4 years ago

7 0

Answer:

with the state

Explanation:

anyanavicka [17]4 years ago

5 0

Answer:

with the state

Explanation:

You might be interested in

Which of the following statements is CORRECT?

Shtirlitz [24]

"D" is the CORRECT and the most appropriate option our of all the options

Explanation:

There are many type of unethical practices in the business.

1. Differentiation - The main motive of the ethics is to understand the difference between right and wrong as the executive can provide information to the stockholders but not anyone outside the firm.

2. Loyalty - It is important when the employee is linked with any organisation to keep all its secrets as it known as Business Ethics.

3. Representation - As the employee represent the business entity , its image is at stake with the employee. Henceforth no such deed should be done.

6 0

4 years ago

Under cash-basis accounting, the timing of cash inflows and outflows exactly matches the reporting of revenues and expenses in t

Bezzdna [24]

Answer:

The statement is correct as well as true

Explanation:

In the cash basis of accounting, is the one of the methods or way of recording the accounting transactions for expenses as well as revenue only, when the corresponding cash is collected or received or payments are made.

Whereas the revenues will be recorded only when the customer pay for the billed service or the product and also record the payable when it is paid by the company.

Therefore, in the cash flows accounting, the timing of recording the inflows and the outflows of the cash matches the reporting of the expenses and revenues in the income statement.

7 0

3 years ago

Estimating Doubtful Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company’s accounts receivab

Savatey [412]

Answer:

$71,960

Explanation:

Not past due days $892,000*0.75%=$6,690

1-30 days $285,000*4%=$11,400

31-60 days $101,000*8%=$8,080

61-90 days $63,000*16%=$10,080

91-180 days $43,100*50%=$21,550

Over 180 days $17,700*80%=$14,160

Total allowance for doubtful accounts as at December 31, =$71,960

8 0

3 years ago

Exercise 5-17A Record notes receivable and interest revenue (LO5-7) On April 1, 2021, Shoemaker Corporation realizes that one of

garik1379 [7]

Answer:

The Journal entries are as follows:

(a) On April 1, 2021

Notes receivable A/c Dr. $600,000

To Cash A/c $600,000

(To record loan given)

(b) On December 31, 2021

Interest receivable ($600,000 × 11% × 9/12) A/c Dr. $49,500

To Interest revenue $49,500

(To record accrued interest)

(c) On April 1, 2022

Cash A/c Dr. $666,000

To Notes receivable $600,000

To Interest receivable $49,500

To Interest revenue $16,500

(To record collection)

Notes:

Interest revenue on April 1, 2022:

= 11% of loan amount for 12 months - Accrued interest

= 0.11 × $600,000 - $49,500

= $66,000 - $49,500

= $16,500

7 0

3 years ago

All of the following are true of the real interest rate except it Is equal to the nominal interest rate minus the anticipated ra

Lynna [10]

Answer:

Equals the foreign exchange rate minus the inflation rate.

Explanation:

Nominal rate of interest refers to the interest rate which does not account for rate of inflation.

It is expressed as

Nominal interest rate = Real interest rate + rate of inflation

Real interest rate is considered to be a better measure since it is adjusted for rate of inflation.

Foreign exchange rate refers to exchange rate between two currencies which is based upon inflation and interest rates prevailing in the respective countries.

5 0

3 years ago