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3 years ago

Question 3

Business

1 answer:

Katyanochek1 [597]3 years ago

4 0

Answer: Sole Proprietership

Explanation:

A Sole proprietership offers the best chance of decision making because decisions are made by one person, the owner.

Whereas:

A Corporation is a company and a company's decisions are made by mainly the chief executive Officer together many other board members hence there is no chance for quick decision making in a company since a lot of people have to approve of the decision.

A general and limited partnership consists of 2 or more owners hence a lot of people are involved in making the decision.

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The policy makers of Country LT have noticed a steady increase in grain prices over the last several years. The increase in pric

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2 years ago

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According to research in the area of entrepreneurship, it is more likely that an entrepreneur will get a new business idea throu

chubhunter [2.5K]

Answer:

Weak-tie

Explanation:

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3 years ago

Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual in

k0ka [10]

Answer:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

Nov 15

Dr Accounts payable 8,650

Cr Merchandise inventory 346

Cr Cash 8,304

Explanation:

Preparation of Journal entries

Based on the information given we were told that on Nov. 5 the company Purchased 900 units of product at the amount of $10 per unit which means that the Journal entry will be:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

(900 units *$10 per units)

Based on the information given we were told that the company on Nov. 7 Returned 35 defective units from the the month of November 5 purchase in which they received full credit which means that the Journal entry will be:

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

(35*$10 per units)

Based on the information given we were told that the company on Nov. 15 Paid the amount of money due from the month of November 5 purchase in which they minus the return on November 7 which means that the Journal entry will be:

Nov 15

Dr Accounts payable 8,650

(9,000- 350)

Cr Merchandise inventory 346

(4%*8,650)

Cr Cash 8,304

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3 years ago

Company Z's CPP has a Products and Completed Operations aggregate limit of $100,000, with a $20,000 limit for each occurrence. F

drek231 [11]

Answer:

65000$ remains available for complete operation losses.

Explanation:

$20,000 of the $25,000 loss is paid by the policy. The $15,000 loss is paid in full. Together these payments reduce the $100,000 aggregate limit to $65,000.

Calculation

100,0000-20,000-15,000 = 65,000 $.

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3 years ago

If you help with my question i will get you brainlist

kifflom [539]

ok what’s the question tho

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2 years ago

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