Which of these is a disadvantage of owning your own business?
A. You set your own rules, hours, and direction of your business.
B. You can work in the field you love best.
C. When your business makes money, you profit the most.
D. When your business loses money, you are responsible for the debt.
Answer:
D
Explanation:
If you own the business, and you experience a loss, you are responsible for the loss. The other answers are positive advantages
Question Mode Multiple Choice Question The profit margin is equal to net income divided by Blank______. Multiple choice question. total assets operating income net working capital sales
Choose all of the descriptions that illustrate advantages to using major credit cards for purchases. A) Major credit cards typically have very low interest rates on monthly payments. B) Major credit cards do not issue late fees to the account holder on payments overdue. C) Major credit cards are usually accepted at most marketplaces in the United States and abroad. D) Major credit cards often offer accountholder protections for unauthorized purchases made using the card. E) Major credit card purchases are usually tax deductible, resulting in a refund from the IRS for the account holder.
Answer: C) Major credit cards are usually accepted at most marketplaces in the us and abroad
and
D) Major credit cards often offer account holder protections for unauthorized purchases made using the card
Explanation:
ONLY C & D. USATESTPREP ANSWERS
How does a bank enforce the requirement of safeguarding your money?
The use of Mobile banking and electronic means of sending money is a requirement for safeguarding your money.
How does bank help to safeguarding your money?Individual keep or safe money in the bank to avoid the risk of the money been stolen or loss due to improper way for handling.
Online transactions is one of the safeguard method's used by banks and electronic funds transfer (EFT).
Learn more on banking here,
https://brainly.com/question/14274562
#SPJ1
What do you think is a benefit of having a fixed interest loan?.
Joe borrowed $100,000 (a four-year loan at 10 percent interest) on January 2, 2020. During the course of the year, he paid back $30,000 on that debt. What would his December 31, 2020 balance sheet show for this debt
Joe's December 31, 2020 balance sheet would show a Long-term Loan Balance of $70,000.
What is the balance sheet?The balance sheet is a financial statement that shows the balances of the assets, liabilities, and equity of a person or an entity at a stated date.
The balance sheet follows the accounting equation that equates assets to liabilities and equity.
Data and Calculations:Loan receipt on Jan. 2, 2020 = $100,000
Repayment during the year = $30,000
Loan balance = $70,000 ($100,000 - $30,000)
Interest Expense = $10,000 ($100,000 x 10%)
Thus, Joe's December 31, 2020 balance sheet would show a Long-term Loan Balance of $70,000.
Learn more about the balance sheet at https://brainly.com/question/24401217
#SPJ1
Discuss ways in which businesses can deal with change in the workplace
the operating revenue remaining after cost of merchandise sold has been deducted is
The operating revenue remaining after deducting cost of merchandise sold is known as gross profit.
What is a gross profit?Gross profit refers to the amount remaining after deducting all the expenses involve in production, transportation and promotion of goods.This is total profit a business is gained.
The gross profit is calculated by subtracting cost of goods sold from total sales where cost of goods sold includes all cost for selling an item.For example raw material, labour, storage costs and so on.
Learn more about gross profit, here:
https://brainly.com/question/14988657
#SPJ1
Sam has a great paying job, has no dependents, and owns his own apartment. He wants to take out an appropriate loan to finance the rest of his graduate business degree, which he plans to study for at night, at a cost of $40,000. What type of loan would he consider if he really does not like to carry much, if any, debt
Sam would collect student loan if he really does not like to carry much, if any, debt.
What is loan?Loan involves borrowing certain amount of money usually from a lender.
The borrower and lender agree on a payment plan that will ensure the payment of the loan.
Therefore, Sam would collect student loan if he really does not like to carry much, if any, debt.
Learn more on loan below
https://brainly.com/question/20391586
#SPJ4
What are the four basic factors that effect workplace safety?
An organization's mission statement serves as the basis for: Multiple Choice organizational goals. distinctiveness. operating procedures. environmental scanning. core competencies.
An organization's mission statement serves as the basis for Organisational goals. Thus, the correct answer is A
What is the Mission statement?A mission statement identifies a type of business an organization is doing, as well as the reason for its existence or the purpose for which it exists. Every business should have a clear statement of purpose that enthuses employees and encourages them to join the team.
The mission statement plays an important role in the success of the organization. It helps to motivate employees positively to seek improvement and result in growth.
A mission statement encourages customers that the organization is working continuously to provide better customer satisfaction. It helps to plan the strategies for the business to achieve the goals of the organization.
Therefore, option A organizational goal is the appropriate answer.
Learn more about Mission, here:
https://brainly.com/question/14921995
#SPJ1
Debts listed as current liabilities are those that are due to be paid in more than one year b.are owed to the stockholders and will never be paid c.will be paid in less than one year d.are due to be paid in 5 to 10 years
The debts listed as current liabilities are those that will be paid in less than one year.
What does current liabilities entails?In accounting, these are those liabilities or obligations which are due or to be paid in 12 months.
Hence, any debts listed as current liabilities are those that will be paid in less than one year.
Therefore, the Option C is correct.
Read more about current liabilities
brainly.com/question/14921529
#SPJ1
Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 26,517 $ 30,075 $ 31,325 Accounts receivable, net 75,332 54,780 42,628 Merchandise inventory 96,629 73,097 47,247 Prepaid expenses 8,286 7,895 3,516 Plant assets, net 238,225 217,764 201,484 Total assets $ 444,989 $ 383,611 $ 326,200 Liabilities and Equity Accounts payable $ 110,802 $ 64,830 $ 44,350 Long-term notes payable 83,658 86,466 73,532 Common stock, $10 par value 162,500 163,500 163,500 Retained earnings 88,029 68,815 44,818 Total liabilities and equity $ 444,989 $ 383,611 $ 326,200 For both the current year and one year ago, compute the following ratios: Exercise 17-6 (Algo) Common-size percents LO P2 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable?
Answer:
hello
Explanation: the awnser is tooooo long! sorry...
One advantage of having an ATM card is that it can be used to
O make deposits at a bank
O apply for car loans.
O change a person's credit history
O buy stocks
Answer:
It can be used to buy stocks
3. State the underlying condition that a firm applies while hiring workers.
Answer:
Minimum wage
Explanation:
Minimum wage can affect the number of workers and wage paid to those workers, dependant on if it is a monopsony or PC firm hiring, the number of workers hired and wage paid will differ.
Chance is a traveling marketing representative for a publishing company. He is an independent contractor and was hired without negligence. One afternoon while driving to a meeting, Chance negligently runs a stop sign and causes an accident. Judy is injured. Judy can
Incase of the accident, Judith as an independent contractor hold Chance but not the company liable.
Who is an independent contractor?independent contractor can be regarded as an expert that works independently on a project without belonging to the host organization.
Therefore, since she got accident, she can't hold the company responsible wholely.
Learn more about independent contractor at;
https://brainly.com/question/25759088
#SPJ4
Select the correct answer from each drop-down menu. when a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. businesses face because they must alter existing infrastructure to meet regulations. as a result, consumers pay for produced goods.
When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. Hence, Option A. is the answer.
What is the effect of government's regulations on worker safety and environmental protection?Environmental laws play a huge part in protecting humans, animals, resources, and habitats. Aside these laws, no regulations on pollution, contamination, hunting, or even response to disasters. Environmental law works to protect land, air, water, and soil.
Therefore, the correct answer is option A.
learn more on environmental law: https://brainly.com/question/3539710
#SPJ4
Answer:
See image
Explanation:
Plato
People that can influence a consumer’s decision making process are called:
A. Reference groups
B. Influencers
C. Instructors
D. Annoying
Answer:
B
Explanation:
People that can influence a consumer’s decision making process are called influencers.
You have been awarded an insurance settlement of $211,400 that is payable one year from today. What is the minimum amount you should accept today in exchange for this settlement if you can earn 6.3 percent on your investments?
If you can make 6.3 percent on the investments, the minimum amount you should take today in exchange for this settlement is $198,871. (Approx).
What is the present value?The current value of a future sum of money or stream of cash flows, assuming a certain rate of return, is known as present value (PV).
In the given case, there is a need to find out the present value of $211,400.
Computation:
According to the given information,
Present value = $211,400 × 1/(1 + r)n
Present value =$211,400× 1/1.063
Present value =$211,400× 0.940734
Present value =$198,871(Approx).
Learn more about the present value, refer to:
https://brainly.com/question/17322936
#SPJ1
How much cash do you need to survive the early years?
Answer:
$150
Explanation:
Commodity futures contracts can be bought and sold on the open market for which reason?
a. commodity purchase contracts can be renegotiated at a future time in case the commodity isn't available.
b. currency-exchange rates fluctuate, changing the amount of profit that can be made on a particular commodity.
c. futures contracts remain valid even if the original parties to the contract sell the rights.
d. unsold commodities will be bought at fair market value by the federal government.
Commodity futures contracts can be bought and sold on the open market as C. futures contracts remain valid even if the original parties to the contract sell the rights.
What is an open market?It should be noted that an open market simply means the market where securities are bought and sold.
In this case, commodity futures contracts can be bought and sold on the open market as futures contracts remain valid even if the original parties to the contract sell the rights.
Learn more about open market on:
brainly.com/question/14256204
#SPJ1
Angel and Alessia calculate their assets to be valued at $150,000. They calculate their liabilities to be $125,000. What is their net worth?
Answer:25,000
Explanation:
As the middle and lower classes reduced income what were their two responses?
As the middle and lower classes reduced income their response to their demand will be reduced. Household spending will be affected.
What is middle class income.Middle class income earners are the people with income or salary that is more than their spending. Their earning is doubling the average spending of their household.
Therefore, a decline in middle and lower classes reduced income will reduce the household spending.
Learn more on income here,
https://brainly.com/question/25745683
#SPJ1
how do you start a business successfully
An active Florida broker accompanies her husband when he goes on active military duty in Ohio for two years. She is not active in real estate in Ohio. Upon their return to Florida, what would her next step be in order to maintain her license
The next step for the active Florida broker would be to do nothing because she has spousal military privilege.
Who is a Broker?This refers to an individual or company that charges a percentage fee in order to execute a buy or sell order on behalf of an owner.
Hence, we can see that based on Florida laws, the wife or husband of a soldier on military duty has certain privileges and she needs not to do anything to maintain her license because she has spousal military privilege.
Read more about brokers here:
https://brainly.com/question/15727869
#SPJ4
THIS IS FOR EDGE BUSINESS TECH PLEASE ANSWER ALL QUESTIONS (6) !!
1. Describe two trends that you've noticed (either demographic, invention/technology, lifestyle, or style/entertainment) and explain how each one might generate a small business opportunity. (1-6 sentences. 4.0 points)
2. Make a list of at least 5 business ideas that interest you. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better for you than the others. (2-6 sentences. 3.0 points)
3. Visit the Web site for a well-known company, and find the section that states its mission. What is the company's mission? How does the mission relate to the type of products the company sells? Did anything surprise you about the mission? Why or why not? TIP: If the company's Web site doesn't describe its mission, choose a different company. (1-5 sentences. 3.0 points)
4. Visit the Web site for a different well-known company, and find the section that lists the company's values. What are the company's values? How do they relate to the products the company sells? Did anything surprise you about the company's values? Why or why not? TIP: If the company's Web site doesn't describe its values, choose a different company. (1-5 sentences. 3.0 points)
5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea. (1-8 sentences. 4.0 points)
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
Marketing trends for the current market are related to innovation, such as the digital market, with the sale of infoproducts through influencer marketing.
What is influencer marketing?It is an approach on the rise that originated due to the sharing of information on digital platforms. It consists of strategies for engaging a person on the internet, generating trust in their opinion about a product and brand, promoting it.
Based on influencer marketing, some business ideas that can be profitable in today's market are:
Selling online coursesDigital marketing consultancyDigital influencerDigital designerMarketing agencyTo stand out in a competitive and globalized market, it is essential that the company develops its values and mission in line with its objectives and promoting the brand's socio-environmental responsibility.
Therefore, the use of marketing tools such as SWOT analysis will help an organization to be positioned in the market, by expanding the vision of the micro and macro environment.
Find out more about marketing here:
https://brainly.com/question/7156426
#SPJ1
When explaining technical information to a non-
technical audience, it is best to
avoid the use of technical terms in your
explanations.
O get the audience's attention with a messy-
looking hair style.
O use technical terms in your explanations.
DONE
Answer:
Avoid the use of technical term
Explanation:
Avoid the use of technical term in your explanation
Alpha ended 2019 with a balance of $20 million in their salaries payable account. If their salary expense in 2019 was $90 million, what was their ending balance for salaries payable on December 31, 2018
Based on the ending balance on salaries payable in 2019, and the salaries expense, the salaries payable at December 2018 must have been $30 MILLION.
What was the Salaries payable balance?This can be found by the formula:
= Ending salaries in 2019 - Salaries expense in 2019 + Salaries paid in 2019
Solving gives:
= 20 million - 90 million + 100 million
= $30 million
In conclusion, the ending salaries payable in 2018 was $30 million.
Find out more on Salaries payable at https://brainly.com/question/24074240.
#SPJ1
Shelby wants to insert a new row by selecting the insert rows button. where will her new row appear on the datasheet?
The new row will appear below the row been clicked for the insertion of the rows option.
What does new row means?In a spreadsheet, this means the addition of a new row to the existing rows on the sheet.
Therefore, the new row will appear below the row been clicked for the insertion of the new rows option and this will allow the user to work on the new inserted row.
Read more about datasheet
brainly.com/question/27759980
#SPJ1
Daugherty Company owned a participating interest in an oil and gas business. In a transaction that qualifies as a sale, Daugherty transferred the entire interest to a third party. Daugherty received both cash and a forward commitment from the third party to deliver additional receivables to Daugherty over the course of the next 6 months. The CFO has asked if the forward commitment should be recognized as part of the proceeds of the sale. Which section of the authoritative guidance best outlines the accounting for a transfer of a participating interest in a financial asset that satisfies the conditions for treatment as a sale
IFRS-9 is the section of the authoritative guidance which best outlines the accounting for a transfer of a participating interest in a financial asset.
What is IFRS-9?
This is a financial instrument which measures and classifies assets, liabilities etc at a fair value.
The transfer of participating interest in a financial asset is done after the conditions for treatment as a sale is satisfied.
Read more about IFRS-9 here https://brainly.com/question/20597979
#SPJ4