Capitalism is when a country's industry is controlled by individual owners, not by the state. Free enterprise is an economic system where businesses compete without much state control. Hope this helps!
Answer:
Make a list of potential jobs and research them
Explanation:
The banker has a set amount he or she can say yes it ok for the loan .
after that the banker has to ask the manager then the manger has to ask people higher up so what happens is in the bank when they have to get others opinions what happens is they share the cost of the loan if not payed back as a loss to both not just one
Answer:
Accounts payable (opening) = $ 45000.
Account rec during year = $464570
Cash payment during year = $351570.
Explanation:
As we know that:
Account payable (open) + Purchases - Accounts payable(end) = Paid cash
Accounts payable (open) + 201400-59900= 186500
Accounts payable (open)= 186500+59900-201400
= $45000.
As we know that:
Account receivables (open) + A/c receivable during year - A/c receivable (end)=Cash collected.
A/c receiable during period= 449600-115800+130770
= $464570.
As we know that:
Cash (open) + Cash collected - Cash (end)= Cash payment during period.
46200+248600 - 56770 = Cash payments during year.
Cash payment during year = $351570.
Answer:
The answer is $119,000
Explanation:
cost of merchandise sold = Sales - Gross profit.
To find gross profit:
Gross profit rate x sales
0.42 x $1,450,000
= $609,000.
Now to calculate Cost of Sales:
Cost of Sales = Sales - gross profit
$1,450,000 - $609,000
$841,000
Now to calculate Estimated ending merchandise inventory:
Beginning merchandise inventory + purchases - cost of sales
=$100,000 + $860,000 - $841,000
=$119,000
