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pentagon [3]
3 years ago
6

A prepayment may be recorded in prepaid rent, a balance sheet account. The alternative method to record the prepayment is to deb

it the ____________ of ____________ account.
Business
1 answer:
Snowcat [4.5K]3 years ago
6 0

Answer:

Rent, expenses

Explanation:

A prepayment may be recorded in prepaid rent, a balance sheet account. The alternative method to record the prepayment is to debit the rent of expense account.

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4 0
3 years ago
Of the 9 elements suggested by the SBA to be contained in a business plan, how many are solely focused on financial factors?
Viefleur [7K]

Two elements in a business plan that are solely focused on financial factors are the <u>Funding Request</u> and the <u>Financial Projections</u><u> sections</u>.

<h3>What is a business plan?</h3>

A business plan is a strategy document that contains the following information about a business:

  • Mission statement
  • Firm's product or service
  • Company's leadership team
  • Company's leading employees
  • Company's location
  • Financial information
  • Growth plans.

According to the SBA, the business plan must contain the following nine elements:

  • Mission Statement
  • Date of business commencement
  • Names of founders and their functions
  • Number of employees and location of the business, including branches or subsidiaries
  • Description of plant or facilities
  • Products manufactured/services rendered
  • Banking relationships and information regarding current investors
  • Summary of company growth including financial or market highlights
  • Summary of management's future plans.

Thus, the two elements in a business plan that are solely focused on financial factors are the <u>Funding Request</u> and the <u>Financial Projections</u><u> sections</u>.

Learn more about business planning at brainly.com/question/25453419

4 0
3 years ago
Louis purchased $5,000 worth of stock three years ago and sold it today for $7,000. He received no dividends from this investmen
scZoUnD [109]

Answer:

9.33%

Explanation:

Calculation to determine his annualized real rate of return on this investment

Annualized real rate of return=[($7,000-$5,000/ ($5000*3) *100] -4%

Annualized real rate of return=13.33%-4%

Annualized real rate of return = 9.33%

Therefore his annualized real rate of return on this investment will be 9.33%

5 0
3 years ago
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