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3 years ago

Explain business with two Examples

Business

2 answers:

avanturin [10]3 years ago

7 0

Explanation:

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.

Example Coca-Cola, Amazon etc.

ivanzaharov [21]3 years ago

3 0

Answer:

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... There are various forms of a business, such as a limited liability company (LLC), a sole proprietorship, a corporation, and a partnership

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Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $ 6 comma 100

AURORKA [14]

Answer:

How will these two transactions affect the control and subsidiary accounts?

Explanation:

the control, account.

Accounts Receivable, will be increased with debit of $7,700

6 0

3 years ago

As of December 31, 2018, Moss Company had total cash of $160,000, notes payable of $86,000, and common stock of $52,800. During

tatyana61 [14]

Given:

Total cash = $160,000

Notes payable = $86,000

Common stock = $52,800

Find:

Retained earnings as on December 31, 2018

Computation for retained earning:

According to Accounting Equation:

Assets = Liabilities + Stock holder equity

Total Cash = Notes payable + Common stock + Retained earning

$160,000 = $86,000 + $52,800 + Retained earning

$160,000 = $138,800 + Retained earning

Retained earning = $160,000 - $138,800

Retained earning = $21,200

6 0

3 years ago

Which of these government policies pursues the economic goal of equity?

Fudgin [204]

"Providing welfare benefits" government policies pursues the economic goal of equity.

<u>Option:</u> B

<u>Explanation:</u>

To ensure economic stability the government offers welfare benefits for the vulnerables. Welfare benefits are federal programs supported by the government for the families and individuals who need such assistance. Welfare benefits include reimbursement for unemployment, food stamps and support for health care. There seem to be six significant welfare programs in the United States. These include

Temporary Assistance for Needy Families (TANF),
Medicare,
Supplemental Nutrition Assistance Program (SNAP or food stamps),
Supplemental Security Income (SSI),
Earned Income Tax Credit (EITC), and
Housing Assistance.

4 0

4 years ago

Read 2 more answers

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat

11111nata11111 [884]

Answer:

199.02 units

Explanation:

The computation of the economic order quantity is shown below:

Data provided in the question

Annual demand per year = 5,750 units

The Cost of each units = $96

The inventory carrying cost per unit per year = $9

The average ordering cost per order = $31

So, economic order quantity is

$= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

$= \sqrt{\frac{2\times \text{5,750}\times \text{\$31}}{\text{\$9}}}$

= 199.02 units

Hence, the economic order quantity is 199.02 units

3 0

3 years ago

At year-end, ABC Company is completing its closing process. Use the following account balances to demonstrate the closing of the

allsm [11]

Answer:

Debit Retained Earnings $500.
Credit Dividends for $500.

Explanation:

Dividends are payments to shareholders as a means of sharing company profits to them.

As they are a means of sharing profits, they will be paid from the Retained Earnings account. As this is an Equity account, it should be debited when it is to be reduced so Retained Earnings will be debited by $500 which is the dividend amount.

The dividend account will be credited to indicate that this is a debt that needs to be paid to shareholders so the Dividends account will be credited by $500.

5 0

3 years ago

Explain business with two Examples ​

Explain business with two Examples