Twenty percent of all businesses in the United States are corporations and they account for 80% of the total business dollars generated.
Explanation:
Small businesses account for more than 99% of America's 28.7 million corporations. The vast majority (88%) of employers are under 20, and nearly 40% of all businesses have less than 100 000 dollars of income. 20% of SMEs are contractor firms and 80% are non-employer businesses.
In reaction to concerns from their economic confidence to obstacles to their ownership, more than 2000 existing and potential companies across the country have responded.
The business environment is always evolving in the United States. The changing business environment is driven by new technologies, developments, and policies.
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Answer:
Adam smith is Abigail Smiths husband
Explanation:
They have been married for centies
Answer and Explanation:
a. The computation of depreciation for each of the first two years by the straight-line method is shown below:-
Depreciation
= (Assets cost - Salvage value) ÷ Useful life
= ($171,000 - 0) ÷ 25
= $6,840
For First year = $6,840
For Second year = $6,840
It would be the same for the remaining useful life
b. The computation of depreciation for each of the first two years by the double-declining-balance method is shown below:-
First we have to determine the depreciation rate which is shown below:
= One ÷ useful life
= 1 ÷ 25
= 4%
Now the rate is double So, 8%
In year 1, the original cost is $171,000, so the depreciation is $13,680 after applying the 8% depreciation rate
And, in year 2, the ($171,000 - $13,680) × 8% = $12,585.60
Answer:
$10,000
Explanation:
As provided no equity is issued, therefore,
Common stock + Net income = Stockholder's equity
We know common stock = $70,000
Further there might be some dividend paid, which shall be deducted from net income to compute total value of Stockholder's equity.
Therefore,
$70,000 + $18,000 - Dividend = $78,000
$88,000 - $78,000 = Dividend = $10,000
Therefore, dividends paid during the month = $10,000
