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lorasvet [3.4K]
3 years ago
14

Richard bought stock for $200 and sold it for $300. The $100 he earned is an example of _____.

Business
2 answers:
olga2289 [7]3 years ago
8 0

Richard bought stock for $200 and sold it for $300. The $100 he earned is an example of dividends.



Pie3 years ago
3 0
This is an example of dividends. Correct answer is B.
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Which of the following is an advantage of a sole proprietorship? A. It is easy to expand if it succeeds B. It faces few governme
Firdavs [7]

A sole proprietorship firm is a firm which can be opened by an individual and the the owner of the firm has an unlimited liability towards the firm that means the owner enjoys unlimited profit of the firm as well as the loss of the firm.

The advantage of the sole proprietor firm is that it can be set up very easily with low or very few government rules. So the correct answer is B.

7 0
3 years ago
Listed below are the ledger accounts for Borges Inc. at December 31, 2019. All accounts have normal balances. Service Revenue $2
Tresset [83]

Answer:

Explanation:

The  debit and credit balance of trial balance is shown below:

Debit balance =  Cash + Rent Expense + Dividends + Salaries Expense + Equipment + Accounts Receivable + Advertising Expense

= $12,850 + $2,400 + $1,500 + $4,300 + $12,935 + $5,700 + $1,370

= $41,055

And the credit balance = Service revenue + accounts payable + common stock

= $23,230 + $2,825 + $15,000

= $41,055

The preparation of the trial balance is given in the spreadsheet. Kindly find the attachment below:

3 0
3 years ago
Clarence and Clay are partners who share income in the ratio of 2:3 and have capital balances of $50,000 and $30,000, respective
valentinak56 [21]

Answer: $44,400

Explanation: step by step explanation.

1. Change in old partner's account is done by calculating the total of the old partners' balances plus the amount contributed by the new partner. That is

$50,000 + $30,000 + $30,000 = $110,000).

2. Multiplied the total by the percent given to the new partner. That is $110,000 × .40 = $44,000.

Compared amount paid by the new partner. That is

$44,000 - $30,000 = $14,000

4. If the amount paid is less than the new calculated partner percent, the difference is allocated to old partner accounts based on the old profit-sharing ratio. That is

$14,000 × 2/5 = $5,600

5. Take the old partners' capital balance and subtract the calculated change. That is

$50,000 - $5,600 = $44,400

7 0
3 years ago
Why is an entrepreneurial attitude important in large corporations today?
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3 0
3 years ago
☞ȌoȌ☞ 50 points! Also imma give brainliest to a random person. Hurry!
Sophie [7]

Answer:

thanksksksksksksksk : )

Explanation:

8 0
3 years ago
Read 2 more answers
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