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3 years ago

What are some aspects that you'd want to include in a pitch to a venture capitalist?

1 answer:

6 0

Character of the business partners. The people behind an idea or company and, more importantly, their character is extremely important. ...

Capacity of the business partners. ...

Innovative idea. ...

Communal benefit. ...

Long-term sustainability. ...

Financial outlook.

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On January 1, 2020, Waterway Company purchased 11% bonds, having a maturity value of $312,000 for $336,270.95. The bonds provide

mafiozo [28]

Answer and Explanation:

The journal entries are shown below:

1. 11% bonds payable $336,270.95

To cash $336,270.95

(Being the bond purchased for cash is recorded)

2. Cash ($312,000 × 11%) $34,320

To Interest revenue ($336,270.95 × 9%) $30,264

To 11% bond payable $4,056

(Being the interest revenue is recorded)

Fair value adjustment $1,685.05

To Unrealized gain $1,685.05

(Being the recognition of fair value is recorded)

It is computed below:

= (333,900 - ($336,270.95 - $4,056) )

3. Unrealized gain $13,000 ($333,900 - $320,900)

To fair value adjustment $13,000

(Being the recognition of fair value is recorded)

8 0

3 years ago

The rule of 70 is a measure of how long it will take for prices to __________ at a given inflation rate.

swat32

Answer:

A. double

Explanation:

Rule 70 is used to calculate the numbers of years it takes for an investment or variable to double in value given a certain growth rate. In this case, the variable is prices and the growth rate is inflation rate. It is calculated by dividing number 70 by inflation rate.

For example;

Assume inflation rate is 6%, the prices will double in ; 70/6 = 11.7 years

And if inflation is 2%, the prices will double in 70/2 = 35 years

8 0

3 years ago

Urban Window Company had gross wages of $320,000 during the week ended July 15. The number of wages subject to social security t

marshall27 [118]

Answer:

wages expense 320,000 debit

cash 218,400 credit

FICA tax payable 2,160 credit

SUTA tax payable 240 credit

Social security payable 24,000 credit

wages income tax payable 75,200 credit

--to record July 15th payment to employees wages--

payroll tax expenses 26,400 debit

FICA tax payable 2,160 credit

SUTA tax payable 240 credit

Social security payable 24,000 credit

---to record the payroll tax for the week ended July 15th--

Explanation:

We multiply the wages subjet to taxation by each rate:

social security:

320,000 x 7.5% = 24,000

SUTA

40,000 x 5.4% = 2,160

FICA

40,000 x 0.6% = 240

For this three concepts, the employee will have liability for the same amount for payroll taxes

Income tax 75,200

net wages: 320,000 - 24,000 - 2,160 - 240 - 75,200 = 218,400

4 0

3 years ago

On June 20 of the prior year, a company determined that a customer's account receivable was uncollectible and that the account s

fomenos

Answer:

B. No effect on net income; no effect on total assets

Explanation:

When you write off bad debt, the journal entry is:

Dr Allowance for doubtful accounts XYZ

Cr Accounts receivable XYZ

This actually had no effect on the income statement, since the allowance account is already a contra asset account.

When the write off is reversed because the customer paid the debt, the journal entry is:

Dr Accounts receivable XYZ

Cr Allowance for doubtful accounts XYZ

Dr Cash XYZ

Cr Accounts receivable XYZ

Again, since the company is using the allowance method, there is no real effect on the income statement nor total assets in the balance sheet.

5 0

3 years ago

Kroger sponsors such brands as Private Selection, Heritage Farm, and Simple Truth. Kroger does not manufacture any of these pr

malfutka [58]

Answer: A. A Private Brand

Explanation:

In Private Branding, a company manufactures goods for another company to sell under their own brand. Such goods are usually known to be cheaper than their branded equivalents.

Examples include grocery store goods that bear the name of the grocery store selling them.

8 0

3 years ago