Answer:
$873,200
Explanation:
The computation of the cost of merchandise sold is shown below:
= Merchandise inventory, July 1 + Purchases - Purchases returns and allowances - Purchases discounts - Freight in - Merchandise inventory, July 31
= $49,300 + $985,500 - $33,500 - $19,700 - $13,800 - $94,600
= $873,200
We simply added the purchase amount and deduct all other items except Increase in estimated returns inventory to the opening balance of merchandise inventory
Answer:
Best source of financing are Personal Investment, Angels, Crowdfunding and Banks.
Explanation:
There are many sources of funding available for the entrepreneur to avail when wanting to work independently. These are mentioned below:
<u>Personal Investment</u>
The first best source is funding it yourself if you have any savings or might be working in an organisation and have just received a handsome bonus that you might be able to invest in. One of the main advantage of this type of financing is that it sends a positive image to the external financiers, that the person wanting to work as an entrepreneur is willing to take risks.
<u>Angels</u>
These are experienced entrepreneurs who have some additional income and are willing to invest in new or small organisations. Sometimes the investment through an angel starts at low level investment and is then taken to a higher amount after some confidence has been built on the entrepreneur's business growth.
<u>Crowdfunding</u>
This type of method for financing is preformed via online where one person provides an investment opportunity to large group of people to invest in small amounts to meet the entrepreneur's needs. This can be either in form of loan or donations.
<u>Bank Financing</u>
Another good source for funding, however, in comparison to the above mentioned financing sources this type is more risk averse. This means that banks intend to provide financing to companies/businesses with low risk profiles. However, it does not conclude that they might not be willing to provide the required financing.
Answer:
The answer is B a negative entry in the current account.
Explanation:
Balance of payments accounts of a country is the recording economic transactions (the payments and receipts) of the residents of the country with residents of other countries during a period of time.
Balance of Payments is in deficit or negative if imports are more than the exports and it is in surplus or positive if exports are more than imports during a period of time.
We have three categories of Balance of Payments:.
1. The current account which records the inflow and outflow of goods and services.
2. The Financial account which records
monetary flow like investment in real estates, fixed income(bonds), stocks etc.
3. The capital account which records the investments in fixed assets like land.
Answer:
Explanation:
As we know that
The statement of stockholder's equity includes common stock and retained earnings.
The net income is a difference between the total revenues and total expenses
The assets, liabilities and stockholders ' equity are reported in the balance sheet
So, the categorization is shown below:
a. Retained earnings = Equity
b. Sales = Revenues and shown in the income statement
c. Additional paid-in capital = Equity
d. Inventory = Current assets
e. Depreciation = Expense and shown in the income statement
f. Loss on Sale of equipment = Losses
g. Interest payable = Current liabilities
h. Dividends = Shown in the retained earning statement in a negative amount
i. Gain on sale of investment = Gains
j. Issuance of common stock = Owners investment
In the EXPLOIT segment of the process of supplier segmentation, suppliers have a significant portion of the buyer’s spend but do not view the buyer as an important customer.
<h3><u>
Explanation:</u></h3>
The process by which the suppliers will be divided into groups refers to the supplier segmentation. The main aim of this type of segmentation is to determine the profitability that a form can obtain from these segments. This is done for the purpose of the organisation to determine the level of engagement of the organisation with the suppliers.
In the Exploit segment of the supplier segmentation process, the suppliers will be having some significant portion of the money that are spent by the buyers of the product but these buyers of the product will not be viewed as important customers.