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3 years ago

Differences between generic and enterprise competition

Business

1 answer:

Troyanec [42]3 years ago

3 0

Explanation:

Generic competition is competition among different products that solve the same purpose while enterprise competition is am orderly established business with limited liability of another person.

hope it helps!

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The following December 31, 2021, fiscal year-end account balance information is available for the Stone Corporation:Cash and cas

blsea [12.9K]

Answer:

Total current assets = $112500

Short term investments = $2300

Retained earnings = $15500

Explanation:

The total current assets can be determined using the current ratio provided for 2021. The current ratio is calculated by dividing the value of total current assets by the value of the total current liabilities.

1.5 = Total current assets / (51000 + 23000 + 1000)

1.5 = Total current assets / 75000

1.5 * 75000 = Total current assets

Total current assets = $112500

Short term investments are a part of the current assets. The value of short term investments is,

112500 = 6200 + 32000 + 72000 + Short term investments

112500 = 110200 + Short term investments

112500 - 110200 = Short term investments

Short term investments = $2300

The basic accounting equation states that the total assets is always equal to the value of total liabilities plus total equity.

Total assets = Total Liabilities + Total Equity

(112500 + 180000) = [(51000 + 23000 + 1000) + 42000] + (160000 + Retained earnings)

292500 = 117000 + 160000 + Retained earnings

Retained earnings = 292500 - 277000

Retained earnings = $15500

6 0

4 years ago

Western Wear Clothing issues 3,000 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming t

Komok [63]

Answer:

The journal entry for the issuance of the common stock is shown below:

Explanation:

Cash A/c.............................................Dr $33,000

Common Stock A/c........................Cr $30

Paid in Capital A/c...........................Cr $32,970

Working Notes:

Cash = Number of shares × Issue Price

= 3,000 × $11

= $33,000

Common Stock = Number of Shares × Par Value

= 3,000 × $0.01

= $30

Paid in Capital = Cash - Common stock

= $33,000 - 30

= $32,970

3 0

3 years ago

State governments are responsible for sharing the costs with the federal government of all of the following except _____.

elena55 [62]

The answer to this is social security

7 0

4 years ago

Read 2 more answers

Alice is single and self-employed in 2019. Her net business profit on her Schedule C for the year is $100,000. What is her self-

jeyben [28]

Answer:

$15,300

Explanation:

Remember, under the FICA Tax rate for 2019, the charge is 15.3% on first $132,900 of net income plus 2.9% on the net income in excess of $132,900. However, Alice net income is only about $100,000.

So, her Self employment tax liability =100,000 x 15.3% = $15,300 (since her net income doesn't exceed $132,900 we need not apply the 2.9% charge)

7 0

3 years ago

Nestor's has net income of $315,000, total sales of $3.52 million, total assets of $4.4 million, and total equity of $1.98 milli

Evgesh-ka [11]

Answer:

15.91%

Explanation:

The computation of the return on equity is shown below:

= (Net income - interest expense) ÷ (total equity)

= ($315,000 - $0) ÷ ($1,980,000)

= ($315,000) ÷ ($1,980,000)

= 15.91%

We simply divide the net income by the total equity so that the return on equity could be calculated

It is always expresses in percentage form.

5 0

3 years ago