Answer:
a.
DR Cash .....................................................................$9,003.31
DR Cash Over and Short.........................................$66.99
CR Sales revenue........................................................................$9,070.30
Working
Cash = 9,070.30 - 66.99 = $9,003.31
b.
DR Cash .....................................................................$9,107.67
CR Sales revenue........................................................................$9,070.30
CR Cash Over and Short.............................................................$37.37
Working
Cash = 9,070.30 + 37.37 = $9,107.67
Answer:
<h2>In this case, the answer would be acquiring or merging with other firms producing related products or services.</h2>
Explanation:
- As mentioned in the question, the market for technical translation software is basically dominated by firms producing differentiated or specialized products and services.
- Now, considering that SpeakEasy is a completely new entrant in the market, it will be extremely difficult for the company to initially compete with the established market leaders or firms dominating the market.
- Hence, SpeakEasy can perhaps consider acquiring or merging with some of the firms producing or specializing in voice-recognition software that will eventually ease the burden of market competition or rivalry for the company and consequently,it can commercially and economically grow and prosper in the market by capturing new customers and expanding market share.
- Mergers or acquisitions, in this case, would help the company to effectively focus on its specialized activities and conducts through knowledge sharing, economies of scale or lower average production cost,transfer or transmission of technological knowledge and exploration of new customer or client bases.
What are you supposed to know? edit it in the question in oarenthesis, i might know
Answer/Explanation:
Note 2: Interest on Bank Loan
Interest = (Principal x Time x rate) / 100
Principal = $100,000;
Time = 9/12 = 0.75
Rate = 12%
Interest = (100,000 x 0.75 x 12) / 100 = 9,000
- See Note 1 and 3 on the attachment for the cash at hand and rent advance respectively.
Balance sheet (see attachment):
Total Assets = 36,000 + 100,000 + 167,000 + 3,000 = 306,000
Total Liability + Capital = 100,000 + 76,000 130,000 = 306,000
Conclusion:
The balance sheet as can be seen in the attachment that has been prepared, revealed that the company’s current assets is sufficient to meet its current liabilities. Therefore the bank runs no risk for giving the company the credit facilities.
