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3 years ago

How do my educational choices connect with my long-term goals and vision for life?

1 answer:

7 0

Answer: They allow you to connect every choice you make to something larger (which ... RescueTime Goals help you stay committed to your long-term vision, stay ... Why it's so important to have long term goals for your career and personal life ... Creativity; Knowledge; Learning; Leadership; Recognition; Stability.

Explanation: -pls mark me as brainliest and thank me

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As a current or future business owner, entrepreneurs need to be able to assess collateral in order to secure a possible

amm1812

Answer:

True

Explanation:

Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.

If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.

Few, if any, will lend anyone money based on a business idea alone. Many banks will demand a business proposal to be backed with some guarantee to secure funding.

3 0

3 years ago

The former CEO of Sam's Club, a division with its own profit-and-loss responsibility, Rosalind Brewer, reported to Walmart's CEO

mart [117]

Answer:

B. strategic business unit

Explanation:

Based on the information provided within the question it can be said that in this situation Sam's Club is therefore a strategic business unit of Walmart. This term refers to a mostly autonomous division of a large company or corporation which is completely independent and focuses and a specific range of products or activities. They also deal with their own profit-and-loss.

7 0

4 years ago

Project A as well as project B require an initial investment of $1,050,000, have a 6-year life, and have expected total cash inf

miss Akunina [59]

Answer:

Proposal A

3.75 years

Proposal B

3.375 years

Explanation:

<u>Proposal A</u>

Payback = 3.75 years

Year Cash Inflow Initial Investment Balance Year Count

0 0 1,050,000

1 $280,000 770,000 1

2 $280,000 490,000 2

3 $280,000 210,000 3

4 $280,000 0 *3.75

* 1050,0000 / 280,000 = 3.75 years

<u>Proposal B</u>

Payback = 3.375 years

Year Cash Inflow Initial Investment Balance Year Count

0 0 1,050,000

1 $350,000 700,000 1

2 $3150,000 385,000 2

3 $280,000 105,000 3

4 $280,000 0 *3.375

* ( 3 + ( 105,000 / 280,000 ) ) = 3.75 years

5 0

3 years ago

A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una

ollegr [7]

Answer:

Bad debt expense A/c Dr $4,900

To Allowance for doubtful debts $4,900

(Being bad debt expense is recorded)

Explanation:

The journal entry is shown below;

Bad debt expense A/c Dr $4,900

To Allowance for doubtful debts $4,900

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= Net Credit sales × estimated percentage given - credit balance of allowance for doubtful debts

= $920,000 × 0.6% - $620

= $5,520 - $620

= $4,900

6 0

3 years ago

a1. Lobo Company purchased equipment for $40,000 with a useful life of five years and no expected salvage value. Prepare the adj

Pavel [41]

Answer:

a1. Dr Depreciation Expense $8,000

Cr Accumulated Depreciation $8,000

a2. $24,000

b2. December 31

Dr Wages Expenses $440

Cr Wages payable $440

Explanation:

a1. Preparation of the adjusting entry for the first year using the straight-line depreciation method.

Dr Depreciation Expense $8,000

Cr Accumulated Depreciation $8,000

($40,000/5 years)

a2. Computation of the book value at the end of the second year of the equipment's life.

First step is to calculate the First year Book value

First year Book value=$40,000/5 years

First year Book value=$8,000

Second step is to calculate the Second year Book value

Second year Book value=($40,000+$40,000)/5 years

Second year Book value=$80,000/5 years

Second year Book value=$16,000

Now let compute the book value at the end of the second year of the equipment's life.

Book value at the end of the second year=$8,000+$16,000

Book value at the end of the second year=$24,000

Therefore the Book value at the end of the second year will be $24,000

b1. Preparation of the adjusting entry on December 31

December 31

Dr Wages Expenses $440

Cr Wages payable $440

($2,200/5 years)

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3 years ago