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2 years ago

What are two ways that a small business typically uses it’s profits?

Business

1 answer:

ArbitrLikvidat [17]2 years ago

5 0

Answer:

Profit arises when total sales exceed total cost for a period. Once a profit has been made, the owners of the business have a choice: Take the profit out of the business (e.g. pay a dividend to shareholders) Retain the profit in the business – either in cash or by investing the profit into new assets.

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On June 10, Concord Corporation purchased $8,050 of merchandise on account from Sarasota Company, FOB shipping point, terms 1/10

mariarad [96]

Explanation:

The journal entries are as follows in the books of Concord Corporation

On June 10

Merchandise inventory A/c Dr $8,050

To Account payable A/c $8,050

(Being the inventory is purchased on account)

On June 11

Merchandise inventory A/c Dr $510

To Cash A/c $510

(Being freight is paid by cash)

On June 12

Accounts payable A/c Dr $450

To Merchandise Inventory A/c $450

(Being goods returned is recorded)

On June 19

Accounts payable A/c Dr $7,600 ($8,050 - $450)

To Cash A/c $7,524 ($7,600 × 1%)

To Merchandise Inventory A/c $76

(Being payment is recorded)

6 0

3 years ago

A landowner granted Blackacre "to my nephew, his heirs and assigns, provided that he is survived by issue of himself and his wif

borishaifa [10]

Answer:

D) Yes, because the nephew holds a fee simple defeasible.

Explanation:

Since the nephew holds a simple fee defeasible, he can use Blackacre as he pleases as long as he is alive. Since his former wife (Alice) died, then after his death Blackacre will pass to the county hospital, but as long as he is still alive, he can extract gold from Blackacre.

4 0

3 years ago

Many developed countries have deindustrialized and are transitioning to a postindustrial economy. A. Identify and describe the e

ella [17]

In the post industrial economy,

A. the economic sector that is dominant when the country deindustrializes is the Tertiary industry:

quaternary and quinary
service job

Some of the jobs here require the tertiary form of education.

b. Two ways that countries transition to postindustrial economy are:

They make use of countries that have little government regulations and minimal taxes.
They use countries where trade unions are non existent.

c. A way that the roles of women get to change is through the reduction in the pay gap that exists between genders. Pay can also be raised for females.

d. Brownfields can be redeveloped in the following ways in the post industrial cities:

Recreational means: sports and entertainments.
Agriculture: Creation of urban farms and gardens.

<h3>What is a post industrial economy?</h3>

This is an economy that is said to have advanced from the manufacturing era into an era of production of services.

Read more on post industrial economy here: brainly.com/question/17965471

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2 years ago

Mill Co.'s trial balance included the following account balances at December 31, Year 6:

o-na [289]

Answer:

D) $45,000

Explanation:

The computation of the amount which is included in the current liability section is shown below:

= Account payable balance + bonds payable - discount on bonds payable + dividend payable

= $15,000 + $25,000 - $3,000 + $8,000

= $45,000

The current liability is that liability which is arise for one year. Since, the notes payable is a long term liabilities so we do not consider in the computation part.

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3 years ago

during the great recession, the united states congress increased the length of time that unemployment benefits could be received

Natali5045456 [20]

One of the important laws passed by Congress during the Great Recession to combat the rising rate of unemployment was to lengthen the term of unemployment insurance (UI). Prior to the recession, all states save for two offered a maximum of 26 weeks of benefits. However, most states only went as long as 99 weeks during the recession.

The Great Recession is an economic recession that began in the United States as a result of the financial crisis of 2007–2008 and extended fast to other nations. It was the longest and most severe economic Recession to hit several nations, including the United States, since the Great Depression, starting in late 2007 and extending until mid-2009 (1929–c. 1939).

The collapse of the U.S. housing bubble in 2007 marked the start of the financial crisis, which saw a dramatic reduction in liquidity in international financial markets.

To know more about Great Recession, refer:

brainly.com/question/18723488

#SPJ4

3 0

1 year ago