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3 years ago

Write short notes on-: a)Micro enterprises b)cottage industry

Business

1 answer:

Effectus [21]3 years ago

6 0

Answer:

cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility

Explanation:

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Drewson Health Foods has 16 comma 000 shares of $ 1 par common stock outstanding, which were issued at $ 15 per share. Drewson

earnstyle [38]

Answer:

SE 157,000

Explanation:

We do shares outstanding times issued per share to get the total paid-in capital. Then subtract the retained earnigns negative balance to get the Drewson total stockholders equity

$16,000 \times 15 = 240,000 \\Retained \: Earnings \: (83,000) \\Stockholders \: Equity \: 157,000$

7 0

3 years ago

What is the major difference between the unadjusted trial balance and the adjusted trial balance?

11Alexandr11 [23.1K]

Answer:

The correct answer is Option a. The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts.

Explanation:

The trial balance is a summary of all the account balances for an organization, usually spooled at the end of the year. The possibility exist that transaction that occurred during the year are not captured, accurately or properly recorded in the books. When the company's financial statements are reviewed at the end of the year, adjustments may be made to the unadjusted trial balance to include transactions previously not recorded, accurately or properly captured in the books of accounts.

The inclusion of these adjustments results in the adjusted trial balance.

Hence Option a which states that the adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts is the right option.

5 0

3 years ago

Read 2 more answers

A company sells DVD players for $200 per unit. The players have a unit variable cost of $160. The company estimates that it will

Archy [21]

Answer:

Break-even point= 1,200 DVDs

Explanation:

First, we need to calculate the sales proportion:

DVD= 4/5= 0.8

Home entertainment= 1/5= 0.2

Now, we need to calculate the break-even point for the whole company:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (200*0.8 + 600*0.2) - (160*0.8 + 460*0.2)

Weighted average contribution margin= 60

Break-even point (units)= 90,000/60= 1,500

Finally, the number of DVDs:

DVD= 1,500*0.8= 1,200 DVDs

5 0

3 years ago

Define CAMELS, why it was created and how the system works, and give the names of six factors of CAMELS

bearhunter [10]

Capital adequacy
Asset quality
Management
Earnings
Liquidity
Sensitivity

CAMELS is an international rating system to rate banks, it was created in the United States as a supervisory rating system.

In order to ensure their financial strength, banks have periodic examinations by a Office of the Comptroller of the Currency. Bank examiners issue CAMELS, a numerical rating to the bank as a result of the examination, examiners score each bank in the six factors listed above. Banks score between 1 and 5 in each category (1 being the highest).

Hope this helps, HAVE A BLESSED AND WONDERFUL DAY! As well as a great Valentines Day! :-)

- Cutiepatutie ☺❀❤

5 0

3 years ago

Adriana Graphic Design receives $1,500 from a client billed in a previous month for services provided. What general journal entr

mario62 [17]

Answer:

Dr Cash $1,500

Cr Account Receivable $1,500

Explanation:

Based on the information given we were told that Adriana receives the amount of $1,500 from a client that was billed in a previous month for services provided which therefore means that the appropriate general journal entries that Adriana Graphic Design will make to record this transaction is:

Dr Cash $1,500

Cr Account Receivable $1,500

4 0

2 years ago

Write short notes on-: a)Micro enterprises b)cottage industry ​

Write short notes on-: a)Micro enterprises b)cottage industry