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Morgarella [4.7K]
3 years ago
11

Pete has started an electronics firm with the potential for high growth. he obtains funding for the business from a group of inv

estors who demand partial ownership of the business and representation on the board of directors. what type of financing has pete? procured?
Business
1 answer:
TiliK225 [7]3 years ago
7 0
The type of financing that Pete has secured is VENTURE CAPITAL. Venture capital is a type of private equity, a form of financing that provides funds by private investors to new companies with high potentials or emerging companies that are deemed to have high potentials. In return for the money provided by the private investors, they become part owners in the company.
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Start with the beginning balances for these​ T-accounts: Accounts​ Receivable, $100,000​, Allowance for Uncollectible​ Accounts,
iren [92.7K]

Answer:

T-accounts:

The ending balances of Accounts Receivable and Allowance for Uncollectible​ Accounts are:

Accounts Receivable = $75,000

and

Allowance for Uncollectible Accounts = $17,000

Explanation:

Accounts Receivable

Accounts Title           Debit       Credit

Balance                  $100,000

Service Revenue    697,000

Cash                                         $714,000

Uncollectible written off             $8,000

Balance                                     $75,000

Allowance for Uncollectible Accounts

Accounts Title                   Debit       Credit

Balance                                            $14,000

Uncollectible written off $8,000

Uncollectible Expense                      11,000

Balance                            17,000

7 0
3 years ago
What do geographers call the unequal distribution of wealth and resources in a specific geographic area?
Lina20 [59]
It is called spatial inequality. Resource distribution is the geographical occurrence or spatial arrangement of resources on earth( where resources are located). it is the distribution of resources such as land, water minerals, fuel and wealth among other corresponding geographic entities. The distribution of resources depends upon many factors such as land, climate and altitude which may be unequal because these factors differ from place to place on the earth.
4 0
3 years ago
Read 2 more answers
Your son, Jason, left his skateboard at the bottom of your basement stairs. While going downstairs, you stepped on the skateboar
Zepler [3.9K]

Answer:

$1,000

Explanation:

No fault insurance basically protects you and your family from small accidents by paying your medical bills regardless of who is at fault. This type of policies applies to car or house insurance.

In this case, the accident was caused by Jason but since who is responsible is not important in this type of policy, then it should cover up to its maximum limit.

7 0
3 years ago
Using accrual accounting, revenue is recorded and reported only a.when cash is received at the time services are rendered b.when
Veseljchak [2.6K]

Answer:

d.when the services are rendered without regard to when cash is received

Explanation:

Accrual based accounting requires that the services should be performed or rendered associated with the revenue when you recognize it. It  does not matter when the cash for the revenue is received. You may received the cash in advance or after some time from you rendering services. As your render the services you can record your revenue.

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3 years ago
Frank plans to move to a large city after graduation. What financial factors does he need to consider about his new residence wh
wariber [46]

Answer: Housing, Food, Bills, Transportation

Explanation: common sense my guy

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