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2 years ago

A business should have separate accounts for recording revenue and expenses

Business

1 answer:

Dmitriy789 [7]2 years ago

3 0

Answer:

A business should have separate accounts for recording revenue and expenses. Expenses have the opposite effect from revenue on the capital account. Temporary capital accounts are extensions of the owner's capital account. ... Revenues increase owner's equity, and increases in revenues are recorded as debits.

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Major Manuscripts, Inc.

Lisa [10]

Answer:

Projected total assets = $10,318 

Projected retained earnings = $4,675.30 

Additional new debt required = $537.70

Explanation:

external financing needed = EFN = [(total assets/total sales) x ($ Δ sales)] - [(total current liabilities/total sales) x ($ Δ sales)] - [profit margin x forecasted sales in $ x (1 - dividend payout ratio)]

total assets = $9,380, projected total assets = $9,380 x 1.1 = $10,318

total sales = $7,800

$ Δ sales = $780

current liabilities = $1,550

profit margin = net income / sales = $410 / $7,800 = 0.052564

forecasted sales = $7,800 x 1.1 = $8,580

dividends payout ratio = dividends / net income = $187 / $410 = 0.4561

EFN = [($9,380/$7,800) x ($780)] - [($1,550/$7,800) x ($780)] - [0.052564 x $8,580 x (1 - 0.4561)]

EFN = $938 - $155 - $245.30 = $537.70

projected retained earnings = current retained earnings - projected net income - projected dividends = $4,430 + $451 - $205.70 = $4,675.30

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3 years ago

One of the ways that restaurants often adapt their product offerings to address changes in competition is to ____________.

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Extra pairs of shoes and music downloads are examples of

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Answer:

These are examples of WANTS!

Explanation:

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In America, being "normal" is

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Being selfish I guess

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______ are any assets that a firm can draw on when formulating and implementing a strategy.

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Resources are any assets that a firm can draw on when formulating and implementing a strategy.

Resource based view is strategy based model that considers an organization's resources as a key to sustainable competitive advantage. The supporters suggests that a firm should look inside the company to find the sources of competitive advantage, instead of looking at the external competitive environment.

According to the Resource based view there are two types of resources: Tangible assets and intangible assets. Tangible assets are physical things such as land, building, machinery, equipment etc. Organizations can easily acquire them in market, so they confer little advantage. Intangible are assets that have no physical presence, such as brand reputation, trademark, etc. They play a significant role in sustaining of a firm as its competitors can't acquire these internal assets.

To learn more about assets click here:

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