Answer:
An entrepreneur wants to start a new business. Her most important priorities are having full control over her company and keeping all the profits for herself. Which type of business would best suit her needs?
---> Sole proprietorship
Explanation:
for who has this different question
Answer:
$3,900
Explanation:
December 15: The company sold $2,000 of product to the customer with terms 2/15, n/45. December 31:The company has a fiscal year end of December 31. The company estimates using the aging-of-Accounts Receivable.
Accounts Receivable were $140,000, 3% is the estimate for doubtful accounts, and the Allowance for Doubtful Accounts balance is a $300 debit prior to any adjustment.
Therefore the amount to be credited to doubtful account = 0.03 x 140,000 = $4,200
The amount of bad debts = $4,200 - $300 = $3,900
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Answer:
b. An IPO
Explanation:
The primary market transaction is the market where securities are created. An IPO which means initial public offer is an example of a primary market transaction.
The secondary market which is also known as the stock market is where securities that have been created are allowed to change ownership through sales and purchases.
All other options given (apart from IPO) are secondary market transactions.
Answer:
Each partner is held responsible for an agreement/decision made by any one of the partner.
Explanation:
Partnership can be defined as a business agreement between two or more individuals. This individuals share ownership of the business and as such are responsible for managing the activities of the company. The profit gotten from the company are shared among the business partners.
General partnership is a form of partnership in which all the partners involved contribute significantly to the daily activities of the organization.
General partnership is very easy to establish and it does not require any form of taxes on profits generated from the business.
