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dlinn [17]
2 years ago
15

What is the new law the American government enacted for promoting small businesses in the country?

Business
1 answer:
Lady bird [3.3K]2 years ago
4 0

Answer:

The Small Businesses Act of 1953.

Explanation:

In the United States of America, majority of the competitive landscape or business environment is made up of small business enterprise.

The Small Business Administration (SBA) is an agency of the federal government that is saddled with the responsibility of providing both managerial and financial assistance to small businesses in the United States of America.

The Small Businesses Act of 1953 was enacted as an Act of Congress on the 30th of July, 1953 by the Congress of the United States of America to create the Small Business Administration (SBA).

Hence, SBA was established in 1953 as an autonomous (independent) agency of the government of the United States of America to aid, counsel, assist and protect American entrepreneurs and to preserve small business institutions.

Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, so as to provide them with the necessary funds required to plan, start and grow their business.

Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.

In conclusion, the Small Businesses Act of 1953 was the new law the American government enacted for promoting small businesses in the country.

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Jameson Corporation was organized on May 1. The following events occurred during the first month.
olya-2409 [2.1K]

Answer:

Answer:

Date     General Journal                Debit          Credit

a.           Cash                                 $70,000

                   Common stock                              $5,000

                   (5*100 shares * $10)

                   Additional paid - in - capital          $65,000

b.          No journal entry required       -                      -

c.           Cash                                  $18,000

                     Notes payable (long term)             $18,000

d.            Equipment                      $11,000

                      Cash                                                $1,500

                       Notes payable (Short term)          $9,500

e.             Notes receivable          $2,000

                       Cash                                                $2,000

f.              Store fixtures                $15,000  

                       Cash                                                 $15,000

7 0
3 years ago
ADP reports the following income statement.
oee [108]

Answer:

Forecast of 2020 net earnings = $299.2 million.

Explanation:

Note:

a. See part a of the attached excel file for the calculations of the Historic Percent of Total Revenue.

b. See part b of the attached excel file for the Forecast of ADP’s 2020 income statement.

From part b of the attached excel file, we have:

Forecast of 2020 net earnings = $299.2 million.

Download xlsx
3 0
3 years ago
What amount needs to be invested today at 6% simple interest in order to have $4000 in 2 years?
garri49 [273]
Data:
A (amount) = ?
P (Principal) = $ 4000
r (rate) = 6% → 0.06
t (time) = 2 years

Formula:
A = P(1+r*t)

Solving:
A = P(1+r*t)
A = 4000(1+0.06*2)
A = 4000(1+0.12)
A = 4000*1.12
\boxed{\boxed{A = \$\:4480}}\end{array}}\qquad\quad\checkmark


4 0
3 years ago
Lydia Hagberg went to her bank, California Federal Bank, FSB, to cash a check made out to her by Smith Barney (SB), an investmen
user100 [1]

Answer:

Yes the absolute privilege for communications made in judicial or other official proceedings apply to statements made when a citizen contracts the police to report suspected criminal activity

Explanation:

Absolute priviledge for communication is the provision that covers a person from legal action on grounds of defamation for statements made. Under certain circumstances a person can make defamatory statements and be immune from legal action.

In this scenario Lydia Harberg went to California Federal Bank to cash a check that was suspected to be fake.

Nolene Showalter contacted SB to confirm. Based on the information provided at that time, the check was confirmed to be fake. The implication was that a fraud was being perpetrated.

So his action of calling the police is justified. SB only verified they gave out wrong information the first time

8 0
3 years ago
What is a "social cost" of production?
alexgriva [62]
Sum of all costs to individuals in society, regardless of whether the costs are borne by those who produce the products or consume the product
6 0
3 years ago
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