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3 years ago

Give me a 5th grade sentence that has the words prosper and profit

Business

2 answers:

Elza [17]3 years ago

7 0

When an company makes much profit the business will florish and prosper.

Alik [6]3 years ago

3 0

Answer:

The company is prosper, therefore it will get a lot of profits.

Explanation:

When we have a company and sell a product or service, if the money that comes from those sales is greater than what we have spent on that product, then we will make a profit.

The profit will be completely for the owner of the company, and he can decide whether to invest it again or save it for personal use.

Once you count everything a company has spent and subtract it from all the money it has entered, there you will know if you made a profit or a loss.

You might be interested in

Is insurance judgment rating based on

Savatey [412]

Answer:

A judgement rating is an insurance rate that an underwriter assigns to a particular risk based on their subjective evaluation of that risk. Judgement ratings are frequently done on an individual basis and rely heavily on the experience, perception, and talent of the underwriter who makes the final evaluation.

3 0

3 years ago

_____ can be useful in analyzing how a choice affects a particular market and shapes the economic system as a whole.

ololo11 [35]

Answer:

A. Opportunity Cost

Explanation:

Choice affecting an economic system, market can be studied by : Macro Economics which studies Economy as 'a whole'.

On contrary, Microeconomics studies individual units of economy & marginal analysis is a tool used frequently in it. And ,Normative Economics reflects subjective non verifiable statements about how economy 'should be'.

So , all of three are not apt to analyse the above statement.

However, Opportunity Cost reflects cost of next best alternative sacrifised while making an economic choice. So ,it is useful to analyse 'choice' affecting an economic system, market. Eg :Opportunity cost is an important tool used in determining comparative advantage of a country in producing a good based on its opportunity cost (other good sacrifised to produce it).

7 0

3 years ago

2. Alex, Becky, Cindy, Deanna and Elias form a general partnership, Glorious Jeans, to manufacture coffee-colored clothing. Alex

kari74 [83]

Answer:

Under the UPA ( uniform partnership act ) the partners share the profits of the business according to their contributions towards the business ( mostly financial contribution)

The UPA is used to address the issues of profit and loss sharing in a business partnership based on financial contribution towards the business and not based on service rendered to the business hence it won't work in this situation

Explanation:

Under the UPA ( uniform partnership act ) the partners share the profits of the business according to their contributions towards the business ( mostly financial contribution), the primary purpose of the uniform partnership act to to address certain in-formal or formal issue that was not addressed under the business agreement reached between the partners,

The reason why the UPA might not govern the sharing of the profits is because of the involvement of a partner who did not contribute towards the capital but contributes in terms of service. The UPA is used to address the issues of profit and loss sharing in a business partnership based on financial contribution towards the business and not based on service rendered to the business hence it won't work in this situation

4 0

3 years ago

A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una

const2013 [10]

Answer:

Debit Bad Debts Expense $2,939; Credit Allowance for Doubtful Accounts $2,939

Explanation:

Estimated Uncollectibles based on the past experience = $803,000 * 0.3%

=$2,409

Debit balance in allowance for doubtful accounts = $530

The total amount of Bad Debts Expense to be provided in the adjusting entry = $2,409 + $530

= $2,939

3 0

3 years ago

On March 1, 2020, Pronghorn Company sold goods to Goosen Inc. for $600,000 in exchange for a 5-year, zero-interest-bearing note

maks197457 [2]

Answer:

March 1, 2020

Dr Notes Receivable 923,174

Cr Discount on Notes Receivable 323,174

Cr Sales Revenue 600,000

Dr Cost of Goods Sold 368,000

Cr Inventory 368,000

December 31, 2020

Dr Discount on Notes Receivable 45,000

Cr Interest Revenue 45,000

Explanation:

Pronghorn Company Journal entries

March 1, 2020

Dr Notes Receivable 923,174

Cr Discount on Notes Receivable 323,174

Cr Sales Revenue 600,000

Dr Cost of Goods Sold 368,000

Cr Inventory 368,000

December 31, 2020

Dr Discount on Notes Receivable 45,000

Cr Interest Revenue (9% X $600,000 X 10/12)45,000

4 0

3 years ago