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2 years ago

Which is an example of a person who is ambitious?

Business

1 answer:

DerKrebs [107]2 years ago

6 0

Answer:C. someone who is content to accept whatever comes their way

Explanation:

It's because the definition is perfectly helptful.having or showing a strong desire and determination to succeed.

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Don wanted to incorporate his business and liked the attributes of an S-corporation, however, he did not feel the eligibility re

Wewaii [24]

Don wanted to incorporate his business and liked the attributes of an S-corporation, however, he did not feel the eligibility requirements would work for his purposes. He is likely to choose to form a sole proprietorship company.

<h3>What is a sole proprietorship?</h3>

A sole proprietorship is an individual entrepreneurship or an individual owned. It runs by one person and in which there is no separation between the owner and the business.

Therefore, Don wanted to incorporate his business and liked the attributes of an S-corporation, however, he did not feel the eligibility requirements would work for his purposes. He is likely to choose to form a sole proprietorship company.

Learn more on sole proprietorship from brainly.com/question/1133410

5 0

2 years ago

Grouper Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business

gladu [14]

Answer:

April 1.

Cash $22,410 (debit)

Common Stock $22,410 (credit)

April 1.

Salaries Expense $1,868 (debit)

Salaries Payable $1,868 (credit)

April 2.

Rent Expense $1,120 (debit)

Cash $1,120 (credit)

April 3.

Supplies $1,618 (debit)

Account Payable : Burmingham Company $1,618 (credit)

April 10.

Accounts Receivables $2,365 (debit)

Service Revenue $2,365 (credit)

April 11.

Cash $871 (debit)

Unearned Revenue $871 (credit)

April 20.

Cash $3,486 (debit)

Service Revenue $3,486 (credit)

April 30.

Salaries Payable $1,868 (debit)

Cash $1,868 (credit)

April 1.

Account Payable : Burmingham Company $1,618 (debit)

Cash $1,618 (credit)

Explanation:

Note the following :

1.Revenue received but not earned is recorded in a liability account known as Unearned Revenue.This account will subsequently be de-recognized as the revenue is earned.

2. When the Suppliers are paid amounts owing to them, de-recognize the Accounts Payable Account of those suppliers and also de-recognize the Cash Assets.

5 0

2 years ago

Luxury motors introduced a new car to its already popular sedan line. The new car sold very well in its first year, so the compa

kiruha [24]

The company experienced cannibalization from the new car from its existing product line.

5 0

1 year ago

Kelley Company and Mason Company each have sales of $200,000 and costs of $140,000. Kelley Company's costs consist of $40,000 fi

nikklg [1K]

The firm that would suffer the greatest decline in profits if sales volume declines by 15% is Mason Company.

The cost of a company is made up of fixed cost and variable cost. Fixed cost is the cost that does not vary with output of the company. It remains fixed no matter the level of output. An example of fixed cost is rent. Variable cost is the cost that varies with output. If output increases, variable cost increases and if output falls, output decreases.

If sales volume decreases, the output of Mason Company would decline more compared with the output of Kelley company because it has a higher fixed cost. So, we when sales reduces, its cost would would not reduce as many as the cost of Kelley company.

To learn more, please check: brainly.com/question/13059508

7 0

2 years ago

In its year-end income statement, Black Knights Company reported cost of goods sold of $450,000. Changes occurred in several

torisob [31]

Answer:

The answer is $330,000

Explanation:

Cash paid to suppliers is the total amount of cash paid to its creditors.

We can find that through:

Cost of sold

Minus: Decrease in inventory

Plus: Decrease in accounts payable

=Cash paid to suppliers.

Now let's start:

Cost of sold - $450,000

Decrease in inventory - $160,000

Decrease in accounts payable- $40,000

$450,000 - $160,000 + $40,000

=$330,000

Therefore, Cash paid to suppliers is $330,000

5 0

2 years ago