A business enterprise is a for-profit entity. there are different ways a business enterprise can be organized for legal and tax purposes. whatever the structure, the common element is the for-profit aspect.
Answer:
$0
Explanation:
Given that
Estimated value of the meals = $1,300
Preparing cost of lunch = $560
Cost of the meals to the power company = $470
The income that is recognized from the meals should be zero as he took the lunch from the office premises only which is to be excluded while computing the gross income
Plus, he also likes to eat his lunch at the plant cafeteria due to nuclear emergencies
Answer:
C)
Explanation:
When a bill is paid using the Pay Bills window, QuickBooks records a journal entry that Credits Checking account, Debits Accounts Payable. Meaning that it records a withdrawal (Credit) from your own checking account that was used to pay the bill, while simultaneously records a deposit (Debit) on the account that was just paid through the bill.
The rate of return should an investor expect to earn if he or she purchases these bonds is 4.81%
<h3>What is
rate of return?</h3>
A return in finance is a profit on an investment. It includes any change in the investment's value and/or cash flows received by the investor, such as interest payments, coupons, cash dividends, stock dividends, or the payoff from a derivative or structured product.
Annual Rate of Return: Definition and Calculation
For example, if an investment is worth $70 at the end of the year and was purchased for $60 at the start of the year, the annual rate of return is 16.66%.
A good return on investment is generally thought to be around 7% per year. Based on the historical average return of the S&P 500 after correcting for inflation, this is the barometer that many investors utilize.
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The answer to that question is “False”.