Answer:
Cobras Incorporated
Trial Balance
For the Month Ended March 31
Account Debit Credit
Cash $3,300
Account Receivable $4,000
Supplies $1,100
Prepaid Insurance $1,100
Buildings $53,000
Account Payable $2,100
Salaries Payable $300
Common stock $33,000
Retained earnings $17,500
Service Earnings $19,300
Salaries Expenses $6,200
Utilities Expenses <u>$3,500</u> <u> </u>
Total <u>$72,200</u> <u>$72,200</u>
Is this multiple choice, where are the answers to choose from?
Answer: Partnership
Explanation: In simple words, partnership refers to an agreement between two or more independent parties to join their forces for achieving a common business goal with the ultimate objective of earning profit.
In the given case, Dan and Emily were sole proprietors and now they are joining their forces also the case states their new entity will not be a separate entity and both of the owners will be having unlimited debt.
Hence from the above we can conclude that this is a partnership business.
A project's profitability index of.85 indicates that: (Hint: Apply the IRR formula: ICO = discounted cash flows with a desired IRR of 8%.) $16,775.
What exactly is a traditional project?
Standard project. a project that will likely experience one or more future positive cash flows after experiencing a negative initial cash flow ( conventional cash inflows)
What is a non-standard project?
It was first used to refer to "non-conventional" projects or "projects having non-conventional cash flows." The internal rate of return (IRR), which was demonstrated to have different values or not exist at all in some projects, was introduced into economic literature after that. If a project just involves one cash change, it is deemed conventional.
To know more about conventional cash inflows visit:-
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Answer:
a) comparative advertising
Explanation:
The given scenario exemplifies Comparative Advertising. It is a marketing strategy in which a product or service of a particular company is presented as superior when compared to a competitor's in terms of price, quality, etc. It may involve printing a side-by-side comparison of the features of a company's products next to those of its competitor as here Olivia listed the prices of various services that she offered as well as the prices charged by two other salons in the area for the same services.
