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lara31 [8.8K]
3 years ago
5

Michael Jordan, retired NBA superstar, used his successes as an athlete to become a billionaire. What gains are entrepreneurs lo

oking to make with each venture? A) Charitable Donations B) Increased Cash Flow C) Trial and Error D) None of these
Business
1 answer:
Ivan3 years ago
7 0
It should be Option B since entrepreneurs main aim is usually profit making.
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Is Starbucks bucking the trend of other food-service stores, or is something else going on?
Natasha_Volkova [10]

Answer:

its it's something else

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3 years ago
At year-end (December 31), Chan Company estimates its bad debts as 0.30% of its annual credit sales of $896,000. Chan records it
Neporo4naja [7]

Answer:

Explanation:

Dec 31:

Debit Bad debts expense = 0.003 × $896000 = $2688

Credit Allowance for doubtful accounts = $2688

February 1:

Debit Allowance for doubtful accounts $448

Credit Accounts receivable—P. Park $448

June 5:

Debit Accounts receivable—P. Park $448

Credit Allowance for doubtful accounts $448

June 5:

Debit Cash $448

Credit Accounts receivable—P. Park $448

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3 years ago
According to the FASB conceptual framework, the rele-vance of providing information in financial statements is subject to the co
Liula [17]

Answer:

B. Cost-Benefit

Explanation:

According to the Financial Accounting Standard Board (FASB) framework, it is important to estimate the cost and benefit of information before deciding the relevance of the information. It decides when to disclose and whether to disclose the information

Once, the cost of such information outweighs the benefits of its disclosure then FASB framework terms it as not relevant.

Cost of Information

Financial reporting through the preparation of financial statements has a cost, these costs include provision, preparation as well as the audit of the information provided. The cost-benefit constraint basically intends to ensure that financial statements are most-effectively and most-efficiently prepared.

6 0
3 years ago
Most people who start small businesses are aware of the high failure rate and the reasons for it. Why, then, do some take no ste
Ipatiy [6.2K]

Answer:

When someone starts their own business, they do it because they firmly believe that they will succeed. Most of the time they are not thinking about what will happen if things do not work as planned. I believe that people that are afraid and believe that the possibility of failure is large, will never start their own business. Entrepreneurship is something that not everyone can do, and it takes a lot of guts to do it.

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3 years ago
Green Woods sells specialty equipment for mountain climbers. Its sales for last year included $238,000 of tents and $411,000 of
Ivahew [28]

Answer:

By $41,000 the next year's sales are derived from the side effects of adding the new product to its sales offerings.

Explanation:

For calculating the sale for next year, the tent expense and climbing gear is to be considered. With the help of these, the next year sale from the side effects can be derived. The sleeping bag cost is not to be considered so it would not be taken for calculation. The computation is shown below:

=  (Tent Expense Next year  + Climbing gear Next year ) - (Tent Expense Previous year  + Climbing gear Previous year )

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= ($690,000 - $649,000)

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Thus, by $41,000 the next year's sales are derived from the side effects of adding the new product to its sales offerings.

3 0
3 years ago
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