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3 years ago

" what demographic and psychographic changes are creating business opportunities for new ventures

1 answer:

4 0

A major one is the increase in globalization.

now a days people can talk to anyone in any part of the world at any time they want for free and within an instant of when they think of it. Bills and payments can be made from the tap of a button. Someone can stay in their house there entire life and have everything they ever needed. this is being translated to the business world in massive ways.

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The CHS Company paid $48,000 cash to its landlord on November 1, 2016 for rent covering the six-month period from November 1, 20

goldfiish [28.3K]

Answer:

d. Shareholders equity increases $ 16,000

Explanation:

Two months rent needs to be adjusted. The total payment made was for $ 48,000 for a six month period. The monthly rent is $ 48,000/6 = $ 8,000

The adjustment amount is thus $ 8,000 * 2 months = $ 16,000

The adjusting entry is:

Rent expense Debit $ 16,000

Prepaid rent Credit $ 16,000

So this results in decrease in prepayment and an increase in rent expense. \Due to an increase in expenses, the net income decreases by the same amount.

The only option of increase in shareholders equity, is not valid as a reduction in net income shall result in a decrease in shareholders equity.

8 0

3 years ago

A group of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. They charge the same

Nostrana [21]

Answer:

B. An oligopoly

Explanation:

An oligopoly is characterised by a few firms operating in an industry. The babysitters came together to set price in collusion. Collusion is a characteristic of an oligopoly.

Also the babysitters set the market price for their goods. This is a characteristic of an oligopoly.

A purely competitive industry is when there are many buyers and sellers of homogenous goods and services. Firms are price takers. They have no influence over the market price. Price is set by the forces of demand and supply.

A monopoly is when there is only one firm operating in an industry.

A monopolistic competition is when there are many buyers and sellers of differentiated goods. Firms set the market price of their good.

I hope my answer helps you

8 0

3 years ago

Read 2 more answers

On december 1, 2016, escobar consulting, which uses a calendar year as its fiscal year, signs a $4,000, 12%, four-month note pay

loris [4]

The journal entry to record the payment of the note and entire interest on april 1, 2017 is as follows; Debit Notes Payable $4,000, Debit Interest Expense 120, Debit Interest Payable 40, <span>Credit Cash $4,160.

April 1,2017
Notes payable $4,000
Interest expense $120
Interest payable $40
Cash $4,160</span>

7 0

3 years ago

The profit and loss statement of Kitsch Ltd., an S corporation, shows $100,000 book income. Kitsch is owned equally by four shar

postnew [5]

Answer:

$82000
$20500
$750
Not taxable

Explanation:

with the information provided

A) how the entity's non separately stated income is $82000

to calculate the non separately stated income

(Total long term stated income) - (total short term stated income)

long term stated income

book value = $100000

long term capital loss/gain = $6000

book value + long term capital loss = $106000 ( total long term stated income )

short term stated income

tax exempt = $3000

dividends = $9000

1231 gain = $7000

net passive income = $5000

total short term stated income = 3000 + 9000 + 7000 + 5000 = $24000

hence non separately stated income = $106000 - $24000 = $82000

B) To show how one of he kitsch shareholder is bearing $205000 income or loss

Number of shareholder = 4

non separately stated income = $82000

non separately stated income / number of shareholder = 82000 / 4 =$20500

Tax exempt income = $3000

number of share holders = 4

hence Billings' share of tax exempt interest income = tax exempt income / number of share holders

= $3000 / 4 = $750

Billings income is not taxable this year because his taxable income this year is $20500

3 0

3 years ago

Read 2 more answers

A 35-year-old mother of three children wants to buy a life insurance policy for herself. What will help her determine the dollar

Natalka [10]

Answer:

i believe the answer would be b

Explanation:

if its life insurance that's something that people have just i case something happens to them that way their family would still be taken care of. hope this helps!

7 0

4 years ago