C. Distribution of a small percentage of profits to shareholders.
Omar is setting up his company in QuickBooks and selects the accrual basis of accounting. income is recorded when sales are made; expenses are recorded when incurred while his business record income and expenses.
Accrual accounting is a method of accounting in which revenue or expense is recognized when a transaction occurs, rather than when payment is made. This method follows the matching principle that income and expenses should be recorded in the same period.
Basic knowledge of debits and credits and what goes on behind the scenes. To use a QuickBooks backup file, you must restore it first. All commands accessible from the home page can also be found in the menu bar.
Learn more about QuickBooks at
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Answer:
$8.75
Explanation:
The sales tax is on non-grocery is 7%
Sales tax on an item costing $125 will be
=7% of $125
=7/100 x $125
=0.07 x $125
=$8.75
Answer: HOSA
Explanation:I just took the test, and it means Health Occupations Student of America . Which prepares student for healthcare careers
Entrepreneurship is both the study of how new businesses are created as well as the actual process of starting a new business – the term is used interchangeably.