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2 years ago

How do you get money from the business

Business

1 answer:

Reptile [31]2 years ago

7 0

Answer:

Content

Determine how much funding you'll need.

Fund your business yourself with self-funding.

Get venture capital from investors.

Use crowdfunding to fund your business.

Get a small business loan.

Use Lender Match to find lenders who offer SBA-guaranteed loans.

Small Business Administration investment programs.

Explanation:

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The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed below:

Yanka [14]

Answer:

Explanation:

The preparation of the report form balance sheet as of August 31, 2019 is presented below:

Sentinel Travel Service

Report form balance sheet

For the year ended August 31, 2019

Assets

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Account receivable $54,240

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Total assets $454,665

Liabilities

Account payable $19,370

Owner equity

Ending capital $435,295

Total liabilities

And owners equity $454,665

The net income would be

= Fees earned - Office expense - Miscellaneous expense - Wages expense

= $774,800 - $178,205- $15,495 - $371,905

= $209,195

And, the ending capital would be

= Opening capital - withdrawn amount + net income - additional cpiatl

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= $435,295

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3 years ago

Robert started his company in his parents' garage because he could not afford to rent an office space. Most of his finances were

Levart [38]

Answer:

having lower overhead costs.

Explanation:

Robert started his company in his mother's garage so he did not have to pay rent or lease at the initial stage of his business. This gave him the opportunity to put his finances in essential aspects of his business.

Therefore he had an opportunity to reduce his overhead cost.

4 0

2 years ago

According to the "marketing rules" we discussed in class, if you cannot be first in a product category, Group of answer choices

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Answer:

B) change your promotional campaign

Explanation:

A company should advertise that it is the no.1 selling product X in the market

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2 years ago

You invest in a project that has a depreciable asset. The asset is depreciable under the 5year MACRS category. The depreciation

Juli2301 [7.4K]

Answer:

$28,800

Explanation:

Data provided in the question:

The asset is depreciable under the 5 year MACRS category

Depreciation percentages for all six years are:

0.20, 0.32, 0.192, 0.115, 0.115, 0.058

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Now,

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= Worth of the asset × Depreciation percentages for the year 3

here, from the given percentages of the depreciation

the Depreciation percentages for the year 3 is 0.192

= $150,000 × 0.192

= $28,800

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3 years ago

Han and Leia Solo have been married for 24 years and have three children who qualify as their dependents (Jacen, 4; Jaina, 14; a

Ostrovityanka [42]

How do you get money from the business ​

How do you get money from the business