All categories

3 years ago

What is a entrepreneurship

2 answers:

8 0

Entrepreneurship is both the study of how new businesses are created as well as the actual process of starting a new business – the term is used interchangeably.

Elanso [62]3 years ago

7 0

Answer:

An entrepreneurship is a business launched and grown by someone. It is often a small business. It requires a lot of risk, since the entrepreneur or the owner of the business is the one who designed and created it, they take full responsibility for it.

You might be interested in

In 2019, Laureen is currently single. She paid $2,800 of qualified tuition and related expenses for each of her twin daughters S

Anastaziya [24]

Answer:

Answers below

Explanation:

a) Laureen's AGI - $45,000

For 2 daughter - AOTC is - (2000*2child)+(800*25%+2child)

=4000+400

=4400

For Ryan - 1900

AOTC - 6300

Laureen lifetime learning credit - Eligible is 2000 (The amount of the credit is 20 percent of the first $10,000 of qualified education expenses or a maximum of $2,000 per return)

so in above case it is - 1200*20% =240 (Since AGI is below clip of 56000 he can claim same)

=6300+240 = 6540 is eligible deduction

Since AGI is 95000

AOTC can't be calimed if AGI is above 90000 and hence AOTC is zero and Lifetime learning credit can't be claimed if AGI is above 56000.. Hence it is zero education credit

For Daughter it is same as a above i.e. 4,400

For Ryan it is = 2000+(10000*25%) or maximum 4000

=2000+2500 or 4000

so 4000 is allowed

so AOTC total of 8400 and LLC of 240 so claimed is 8640

3 0

3 years ago

On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal year

Anarel [89]

Answer:

July 1,2020

Dr Cash $ 14,400

Cr Unearned Service Revenue $ 14,400

December 31,2020

Dr Unearned Service Revenue $ 2,400

Cr Service Revenue $ 2,400

Explanation:

Preparation of the journal entry for July 1 and the adjusting entry on December 31 for Kalter Insurance Co

Based on the information given the journal entry for July 1 will be :

July 1,2020

Dr Cash $ 14,400

Cr Unearned Service Revenue $ 14,400

(Being to record Unearned Service Revenue )

Based on the information given the Journal entry for December 31,2020 will be :

December 31,2020

Dr Unearned Service Revenue $ 2,400

Cr Service Revenue $ 2,400

[ ( $14,400 / 36 Months) * 6 ]

(Being to record Service revenue earned)

Note that 3 years will give us 36 months (12month*3) and July 1,2020 to December 31 will give us 6 months.

3 0

2 years ago

Pacific Division has the following information:

Luden [163]

Answer:

it will be a net loss of 560,000

It is better to produce at a loss of 60,000 than a loss of 620,000

That's because, the Division cover a good portion of their allocate fixed cost.

Explanation:

The fixed expense are allocate cost. Are unavoidable cost It will remain even if the division is dropped.

The sales and variable cost will be zero.

$\left[\begin{array}{cccc}&Continued&Discontinued&Differential\\Sales&1,200,000&0&-1,200,000\\Variable&-640,000&0&640,000\\Allocate cost&-620,000&-620,000&0\\Result&-60,000&-620,000&-560,000\\\end{array}\right]$

After posting the values, we calculate the differential income.

In this case it will be a loss for 560,000

5 0

3 years ago

Yada Company manufactures luggage sets. Yada sells its luggage sets to department stores. Yada expects to sell 2 comma 000 lugga

Inessa05 [86]

Answer:

JANUARY FEBRUARY

TOTAL SALES $410,000 $430,500

Explanation:

for January

number of luggage set sold 2000

price for each set = $205

sales for month January = 205*2000 = $410,000

for February

number of luggage set sold 2100

price for each set = $205

sales for month February = 205*2100 = $430,500

JANUARY FEBRUARY

TOTAL SALES $410,000 $430,500

6 0

3 years ago

Sneed Corporation issues 12,700 shares of $49 par preferred stock for cash at $63 per share. The entry to record the transaction

hichkok12 [17]

Answer:

Dr Cash 800,100

Cr Preferred stock 622,300

Cr Additional paid in capital, preferred stock 177,800

Explanation:

Preferred stocks and common stocks are part of stockholders' equity. Whenever they are sold above par value, the difference must be recorded as additional paid in capital. You must also specify which stocks were sold at a higher value.

4 0

3 years ago