Answer:
Financial statements should be prepared directly from information in the unadjusted trial balance.
Explanation:
A trial balance is a preliminary record of all debits and credits in financial transactions of a business. It is used to prepare the three financial statements: balance sheet, income statement, and cash flow statement.
Adjusting entries are posted to the list of accounts to form the adjusted trial balance.
Adjusted trial balance is now used to prepare financial statements.
So the statement - Financial statements should be prepared directly from information in the unadjusted trial balance. Is untrue
Answer:
Total Current Assets = 35000
Explanation:
The current assets are the assets of a business which are expected to be used or sold within a year. These assets normally include cash, cash at bank, accounts receivables, inventory etc. The total current assets for the given question will be,
<u>Current Assets </u>
Inventory 2200
Accounts Receivable 9400
Cash <u> 23400</u>
Total 35000
High rates of return usually accompany with high market share. So General motor need not go for an alternative strategy.
Explanation:
If the market share rises, the turnover on investment also rises little bit, but the profit margin on sales increases more due to high market share.Many business experts recognized that one of the main determinants of business profitability is market share. Under most circumstances, enterprises that have achieved a high share of the markets can get considerably more profit than their smaller-share rivals. There is no doubt that market share and return on investment ( ROI) are strongly related one with another.
High market share enjoys economies of scale which helps to reduce the total cost.Large-share businesses usually have achieved economies of scale in procurement, manufacturing, marketing, and other cost components.Once a business achieves a leadership position by using it's market share, surely it will develop a new field that able much easier for it to retain its lead than for others to catch up.Finally general motor must follow it's existing strategy to fix prices to catch at least 40 percent of the American car market.
Answer:
<u>4. Founders in their 20s succeed at a higher rate than founders in their forties</u>
Explanation:
There's is no evidence or statistical data which validates this statement. Consider, we have many company founders who were in their forties, and they were able to their companies successfully.
For example, we have founders like;
- Sam Walton, the founder of <u>Wal-Mart</u>
- Arianna Huffington, the founder of<u> The Huffington Post</u>
All of the above were in their forties but succeeded in their companies.
Answer:
A
Explanation:
Monique is a sole proprietor
A sole proprietorship is a type of business that is owned by one person
Characteristics
1. it is owned by one person
2. the business has unlimited liability
3. the business has limited access to capital
4. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies
5. the business is usually not separated from the owner