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3 years ago

Challenges of self-employment.Explain in paragraph.

1 answer:

8 0

Self employment is challenging for a number of reasons. From an accountability standpoint, you have nobody to answer to but yourself - but you also don't have anyone pushing you but yourself. From a financial standpoint, you are now responsible for many things that a traditional employer would handle (health insurance, taxes, retirement, etc). And while you are managing all of the logostical angles, you still need to manage to run your actual business.

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On January 1, 2005, Marcy Company purchased 1,000 shares of its own common stock for $22,000. On February 1, 2005, they sold 600

Nastasia [14]

Answer: E) debit Contributed Capital, Treasury Stock, $1,800

Explanation:

Treasury stock was bought at price of;

= 22,000/1,000

= $22

Sold 600 for $25 so they made a profit of;

= (25 - 22) * 600

= $1,800

This gain was sent to Contributed Capital, Treasury Stock.

Now that stock is to be sold on March 1, it is sold at $15. Loss from initial purchase is;

= ( 22 - 15) * 400

= $2,800

Debit Contributed Capital, Treasury Stock of the maximum amount it can be debited of to reflect this loss which would be $1,800 which was gained in the February purchase. The rest of the loss will go to Retained earnings.

3 0

3 years ago

When Julie describes calculating the average number of cookies sold in February, she is describing an example of obtaining ___

IRINA_888 [86]

Information and Data

3 0

3 years ago

Joanna Grimshaw makes an hourly rate of $12.50, and she works 40 hours per week. Her boss offers her a promotion to a salaried p

MaRussiya [10]

Answer:

$175 more

Explanation:

She makes 500 without the promotion and 675 minus 500 is 175

5 0

3 years ago

Read 2 more answers

Masterson Company's budgeted production calls for 68,000 units in April and 64,000 units in May of a key raw material that costs

Finger [1]

Answer:

The budgeted materials needed in units for April = 67000 litres

Explanation:

The budgeted production for April = 68000 units

The budgeted production for may = 64000 units

The cost of raw material per unit = $1.70 per unit

It is given that at the end of each month the inventory should be = 25%

The April 1 inventory = 17000 units

Now calculate the material required for April production: $= [ Materials needed + ending inventory requirements - beginning inventory available ]$ $= [ 68000 + (64000 × 25%) – 17000 ] = 67000 Litres$

Therefore, the budgeted materials needed in units for April = 67000 litres

7 0

3 years ago

The productivity gains achieved by specialization are due to A. comparative advantage. B. lower opportunity costs from switching

Ronch [10]

Answer:

Comparative advantage.

Explanation:

Comparative advantage is the ability to produce good and services at a lower opportunity cost compared to others , leading to lower selling price and competitive advantage over others .

Specialization is about concentrating on producing a few products in order to

build brands , expertise and gain maximum productivity leading to a reduction in selling price and a comparative advantage.

4 0

3 years ago

Read 2 more answers