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2 years ago

Explain the component of general environment ?

1 answer:

7 0

General Environment is the most important dimension of business environment as businessman cannot influence or change the components of general environment rather he has to change his plans and policies according to the changes taking place in general environment.

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Shanna Engel started up a new nonprofit organization in 2013 named Concern for Animal Shelter and Habitats (CASH). The organizat

lesya [120]

Answer:

Net Assets = Total Liabilities - Total Assets

Transaction # 1

Cash comes under Permanantly Restricted Net Assets

Hence -

Net Assets = $50,000 - $50,000 = $0

Transaction # 2

As there was no transaction took place hence nothing to be reported.

Transaction # 3

Inventory comes under supply & its temporarily restricted net assets

Hence

Net Assets = $1750 - $1750 = $0

Transaction # 4

Advertising comes under Permanently Restricted Net Assets

Hence

Net Assets = $0 - (-$5000) = $0 + $5000 = $5000

Transaction # 5

Office Equipments comes under Temporarily Restricted Net Assets

Hence

Net Assets = Total Liabilites - Total Assets

= $ 5000 - [ - $5000 + $10000 ]

= $ 5000 - $5000 = $0

Hence ending balance is

Unrestricted Net Asstes = $0

Temporarily Restricted Net Asstes = $0

Permanently Restrcited Net Asstes = $5000

Explanation:

See attached file for table

8 0

3 years ago

A cover letter may be searched for keywords<br> true or false

Vaselesa [24]

True, it may be searched for keywords

7 0

2 years ago

Read 2 more answers

An ipo is issued in the primary market which is smaller than the secondary market for equities. true /false

WITCHER [35]

The statement is True. An IPO is issued in the primary market which is smaller than the secondary market for equities.

In finance, fairness is the possession of belongings that could have debts or other liabilities connected to them. Equity is measured for accounting functions by subtracting liabilities from the price of the belongings.

Fairness is the amount of capital invested or owned with the aid of the owner of an agency. The fairness is evaluated through the difference between liabilities and assets recorded on the balance sheet of an organization. The worthiness of fairness is primarily based on the prevailing proportion fee or a cost regulated by the valuation experts or investors.

In end, stocks are known as equities because they represent possession in organizations. They let buyers gain from growth however additionally have danger when enterprise situations weaken.

Learn more about equities here brainly.com/question/25847981

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4 0

1 year ago

Prepare the journal entry (if any) to record the sale on January 2, 2017. (Credit account titles are automatically indented when

Troyanec [42]

Answer:

JOURNAL ENTRY

a) 2 Mar Debit Accounts receivable $946000, Credit Revenue $946000

Debit Cost of Sale $538100, Credit Inventory $538100

b) 5 Mar Debit Sales return $ 113000, Credit Account receivables $113000

Debit inventory $63100, credit Cost of Sales $63100

c) 12 Mar Debit bank $816340 , Debit discount allowed $16660 , Credit Accounts receivable $833000

The balance due is $946000-$113000=$833000*98%=$816340 net of discount.

Revenue to be recognized = $833000 net of returns

cost of sales = $538100-$63100 = $475000

gross profit = $358000

Explanation:

COMPLETE QUESTION ( I will use the dates in the complete question)

Question:

Prepare the journal entries to record the following transactions on Sheridan Company's books using a perpetual Inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

(a) On March 2, Crane Company sold $946,00D of merchandise to Sheridan Company, terms 2/10, n/30. The cost of the merchandise sold was $538,100

(b) On March 5, Sheridan Company returned $113,000 of the merchandise purchased on March 2. The cost of the merchandise returned was $63,100.

8 0

2 years ago

What are<br>the<br>four factors of prodution

Dominik [7]

I don’t remember that question

5 0

2 years ago

Explain the component of general environment ?​

Explain the component of general environment ?