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3 years ago

Esperanza is starting a business by herself as an

Business

1 answer:

denpristay [2]3 years ago

7 0

Answer:

sole proprietorship

Explanation:

The sole proprietorship is the type of business owned and run by a single individual. The owner is a sole trader. In a sole proprietorship, the owner sources capital by themselves, keeps all the profits, and suffers the losses alone.

A sole proprietorship is the easiest form of business to set up. The only requires to obtain a registration certificate and a trading license from the local authorities. Esperanza should open a sole proprietorship business. Unlimited liability is the biggest shortcoming for a sole proprietorship, but that does not seem to bother Esperanza.

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The final task in designing a management information system (mis) is to provide information which is useful in decision making purposes. Management information system is computerized data base related to financial system. A management information system (mis) is a widely used for a three-resource system that is required for effective organization management.

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3 years ago

Laura is carefully estimating the time required for each phase of a proposed system development project to see if her company ca

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Laura is checking on schedule feasibility.
She is doing everything in order to see whether each phase will run smoothly and according to her schedule. She wants to see if her schedule is possible at all, which is why she is making a timetable to prove her hypotheses.

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2 years ago

Unlike advertising, public relations select one:

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B. is the best choice

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3 years ago

The total debits in the After-Closing Trial Balance will equal:______

Mnenie [13.5K]

Complete Question:

Shown below is a trial balance for Novelty Toys, Inc., on December 31,after adjusting entries:

Novelty Toys, Inc.

Trial Balance December 31

Cash $7,750

Accounts Receivable $6,375

Office Equipment $11,250

Accumulated Depreciation $3,000

Accounts Payable $3,875

Capital Stock $11,250

Retained Earnings $0

Dividends $3,750

Fees Earned $22,750

Salaries Expense $8,000

Advertising Expense $1,625

Depreciation Expense $2,125

$40,875 $40,875

The total debits in the After-Closing Trial Balance will equal:

Select one:

a. $25,375.

b. $29,125.

c. $40,875.

d. $18,125.

Answer:

$25,375

Explanation:

The After-Closing Trial Balance is prepared once the closing entries are posted. This results in closing of expense and income accounts for the year and the resulting balance taken forward to retained earnings. This means that After-Closing Trial Balance would contain only permanent general accounts which are balance sheet items. In the given scenario, the balance sheet debit balances are as under:

Cash $7,750

Accounts Receivable $6,375

Office Equipment $11,250

Total Debit Balance $25,375

Hence the option A is correct.

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3 years ago

Mike Corporation uses residual income to evaluate the performance of its divisions. The company's minimum required rate of retur

Tanya [424]

Answer:

The answer is $7,900

Explanation:

Formula of Residual Income=Net Operating Income-(minimum required rate of return*average operating assets)

Residual income (RI)=$143,700-($970,000*14%)

RI=$7,900

Further we can alsocalculate

Return on investment (ROI)=$143,700/$970,000=14.81%

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3 years ago

Read 2 more answers