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3 years ago

How to become a store owner 100 points

Business

2 answers:

Free_Kalibri [48]3 years ago

7 0

Answer:

Buy a store

Explanation:

If you buy a store, then you become a store owner.

You were probably looking for more detail, but this is the best I can do for now.

Black_prince [1.1K]3 years ago

5 0

Answer:

If you're interested in becoming a Store Owner, one of the first things to consider is how much education you need. We've determined that 50.1% of Store Owners have a bachelor's degree. In terms of higher education levels, we found that 6.8% of Store Owners have master's degrees. Even though most Store Owners have a college degree, it's possible to become one with only a high school degree or GED.

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Mill Company began operations on January 1,2017, and recognized income from construction-type contracts under different methods

ANTONII [103]

Answer:

i. Deferred income taxes balance on December 2019 is $192,500

ii. Deferred tax asset.

Explanation:

Year Tax purpose Book purpose Difference Deferred tax book

2017 $400,000 $0 $400,000 $140,000

2018 $625,000 $375,000 $250,000 $87,500

2019 $750,000 $850,000 ($100,000) ($35,000)

Deferred tax asset balance on December 2019 = $192,500

Working

Deferred tax book

2017 = 400,000 * 35% = $140,000

2018 = 250,000 * 35% = $87,500

2019 = (100,000) * 35% = ($35,000)

ii. Book income is less than tax income in 2017 and 2018. Deferred tax asset would be accounted. Book income is higher than tax income in 2019. Deferred tax asset would be reverse (i.e. deferred tax liability). Balance at the end of December 31, 2019 would be Deferred tax asset.

4 0

3 years ago

Leyton Lumber Company has sales of $12 million per year, all on credit terms calling for payment within 30 days, and its account

s2008m [1.1K]

Solution and Explanation:

The following formula is used in order to calculate the days sales outstanding:

Days sales out standing = ( Accounts receivable divided by Sales ) multiply with 365

= $1.5 million divided by $12 million multiply with 365

After calculating we get, 45.625 days

In order to calculate the capital released, the following formula is used:

$Capital released $=$ Sales $*$ (DSO - Credit period) $/ 365$$

$=\$ 12 \text { million } *(45.625-30) / 365$

= 513699

Therefore, the capital released is $513699

8 0

3 years ago

In long-run equilibrium with trade, losses from import competition will force some firms to ______________, increasing demand fo

MrMuchimi

Answer:

The correct answer is option b.

Explanation:

In an open economy, domestic firms have to face competition from the foreign producers. If firms face losses in the long run, because of import competition, these firms will leave the industry.

As the number of domestic firms get reduced, the demand curve of the other firms will become flatter. This happens because of the foreign firms that bring in a large variety of goods in the domestic market.

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3 years ago

Q 6.26: Howard Incorporated is determining ending inventory. In the inventory process, Howard inadvertently miscategorized a $6,

Fudgin [204]

Answer:

This error will decrease Howard's inventory by $6,000

Explanation:

Howard's inventory should include:

inventory on hand + goods purchased FOB shipping point + goods sold FOB destination point.

FOB shipping point means that the title of the goods is passed at the moment that they leave the seller's warehouse. FOB destination point means that the title of the goods is passed only after they have been delivered to the buyer's warehouse.

In this case, Howard purchased goods as FOB shipping point, so that means they should have been included in their inventory. Since they weren't, this error will decrease its inventory by $6,000.

5 0

3 years ago

At 6.5 percent interest how long does it take to double your money to quadruple it

Oksi-84 [34.3K]

Your money will double in approximately 11 years and quadruple in approximately 22.

Use the Rule of 72 for doubling (72/interest rate= number of years to double) and the Rule of 144 to quadruple (144/interest rate= number of years to quadruple).

4 0

3 years ago

Read 2 more answers