Answer:
(B) be able to transfer ownership without affecting the continuity of the company
Explanation:
The corporate form of business has many advantages incuding the ability to transfer ownerhip without affecting the continuity of the business ( the selling of shares). This is the case as the business is seperate from its owners. The business is a legal entity that own properties, and also carry' s out allot of activities on its own. This is not the case with sole proprietorship and partnership where the owners and the business are one and the same and the owners could be personally liable for its debts.
Answer:
A viable opportunity, available resources and a qualified and motivated founding team.
Explanation:
An entrepreneur can be described as an individual who creates a new business and also undergoes the different financial risks that are associated with a business operation. An entrepreneur should be creative, smart and a problem solver inorder to be able to succeed in the business world.
A successful enterpreneur must possess the ability to turn different ideas and knowledge into a viable business opportunity. The individual must also have access to an amount of money(capital) that is required to start up the business. There must also include a motivated team of workers willing to work with the individual inorder to achieve a specific goal.
Answer:
C. using more liberal credit terms to increase sales
Explanation:
According to the question it is given that the ratio of account receivable turnover has measured that comes 12 times which means it took 30 days
= 365 ÷ 12
= 30.41
= 30 days
But according to the competition, the ratio of account receivable turnover is 8 times so the competitor took 45 days
Therefore the Management of marian would have more liberal credit terms that would increase the sales
Answer:
Increase of he cost of living VS stagnaition of income
Explanation:
Having a fixed income that is not adjusted by inflation affects the quality of living as year by year the cost of goods and services will rise but the income will remain the same. Therefore it is a matter of time until the income wont be enough to pay all the expenses and costs.
Answer:
Debit Accounts Payable, and Credit Purchase Returns and Allowances
Explanation:
The adjusting entry is shown below:
Account Payable A/c Dr
To Purchase Returns and Allowances
(Being return of goods is recorded)
Since the goods are purchased on credit, and due to some issues the goods are returned So, the account payable account should be debited and the purchase return and allowances should be credited.
