The best form of business that Angela should take on is sole
proprietorship. It is classified as the simplest business because this could be
operated by one individual alone, where in the person who manages the business,
is the owner itself. This is the best form of business that Angela should take
on especially when she is tired of having someone to be of higher to her such
as having a boss, and to have a corporate America in general. This is the best
type of business where in no one will tell her of what she needs to do because
it is a business that she owns and managers her own.
Answer:
C. $21,000
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.
The next best option for the sole proprietor took is to work at the large firm. Thus her opportunity cost is $35,000.
If the capital wasn't used in setting up the business, it would have earned $22,000. This amount is its opportunity cost.
Total opportunity cost = $22,000 + $35,000 =$57,000
Accounting profit = $78,000 - $57,000 = $21,000
I hope my answer helps you
Answer:
a. each revenue account will be credited.
Explanation:
In accrual accounting revenues and expenses are realised and recorded when the revenues are earned or when expenses are incurred.
Temporary accounts are used to store balances from the revenue or expense activities of a business.
Eventually these accounts are closed out to permanent revenue and expense accounts. Revenues are credited to reflect income earned, and expenses are debited to reflect costs incurred.
Answer:
The correct answer is A: The sale of a security with a commitment to repurchase the same security at a specified future date and a designated price
Explanation:
A repurchase agreement (Repo) is a short term agreement between two parties in which one party sells the other party security (usually government securities) a<u>t a price with an agreement to repurchase the exact same security at a fixed time and price.</u> The maturity for a repurchase agreement can be from overnight to a year. The
Repurchase agreements are generally considered safe investments because the security in question functions as collateral, which is why most agreements involve U.S. Treasury bonds. The transaction allows the dealer to raise short term capital. It is a short term money market instrument in which two parties agree to buy or sell a security at a future date.