become entrepreneurs
Q: A company was started on January 1 of Year 1.During the first year of business, the following…
A: Paid in capital common stock contains preferred & common stock in total. It is also termed as…
Q: During the tax year 2021, Crenshaw experienced the following: His mortgage was discharged due to…
A: In 2021, 9 individual income tax provisions which expired in 2020 were re-introduced or extended in…
Q: 1. Cameron designates 10% of his monthly earnings as charitable contributions. After deducting this…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 2. Practical bases questions (Basic Accounting Equation) The following information was obtained from…
A: Owner introduced capital from taking a personal loan it's not business loan. And repayment of such…
Q: Direct labor Direct materials Overhead Total variable overhead Total fixed overhead Expected units…
A: Formula used: Product cost per unit under Absorption costing = Direct materials + Direct labor +…
Q: Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31,…
A: Introduction: A journal is a written record of transactions that indicates the exact accounts that…
Q: Explain five (5) considerations in determining whether or not a transaction is of a material nature.
A: Transaction: Transaction is the exchange of goods or services between at least two parties to get…
Q: Explain why transactions between members of a consolidated firm should not be reflected in the…
A: Introduction: Consolidated financial statements are the consolidated audited financials of a company…
Q: 11 Dec 2021 The capital of Juhi Ltd. is as follows 550,000 Preference dividend Number of Equity…
A: Since you have asked multiple questions, we will solve the first question for you . If you want any…
Q: The auditor faces a risk that the examination will not detect material misstatements in the…
A: Introduction: An auditor verifies the accuracy of videoed commercial transactions. Auditors must…
Q: BTB (Pty) Limited is a distributor of PPE to rural health clinics in KZN. Turnover has been good and…
A: Given, All sales are made on credit and collected as follows: 40% in the month of the sale…
Q: Which of the following is a disadvantage of general partnerships? ( a) The partners in a general…
A: Under general partnership partners have unlimited liability. Partners of general partnership will be…
Q: Prepare the correct worksheet (Excel) and the Balance Sheet of the Drilon's Delivery Services. ring…
A: Worksheet means the statement in which all account having debit or credit balance are shown up. In…
Q: Karen Corporation has engaged Gelai, CPA, to issue a report on the accuracy of product quality…
A: Attestation Service: An engagement consisting of an examination, review, or application of…
Q: Problem Solving: The following information pertains to ABC Company: Month Purchases Sales 50,000.00…
A: Cash budget is one of the important budget being prepared in business. It shows expected cash…
Q: On April 1, 2018, Gangnam Company purchased 25,000 ordinary shares of Psy Inc. at an amount that…
A: Psy Inc is an associate enterprise of Gangnam Company since it is holding 25% (25,000/100,000) of…
Q: The group's debtors are equity stockholders." explain
A: Characteristics of Equity shareholders are as follows: Equity shareholders are permanent in nature…
Q: The following is the six-column worksheet of the Drilon's Delivery Services prepared with errors.…
A: Balance sheet is the financial statement which shows the financial health of an entity.
Q: Which of the following differences would result in future taxable amounts? a. Revenues or gains…
A: Revenues or gains that are taxable after they are recognized in financial income. Should be results…
Q: Statement 1: Treasury shares are a company’s own shares that have been reacquired and retired.…
A: Treasury Share:- It is such type of share that is bought back by issuing company from stockholders…
Q: Briefly describe this income statement in one sentence.
A: Introduction:- Income statement shows company's income and expenses over a period of time. Formula…
Q: Required intorn [The following information applies to the questions displayed below. Scavenger…
A: Net income is the amount of income earned after deducting all the costs from the revenues.
Q: Microbiotics currently sells all of its frozen dinners cash-on-delivery but believes it can increase…
A: Sales Promotion: When the companies gives benefits to its customer by way of different types of…
Q: Various negotiation tactics can be employed by negotiators in order to attempt to reach a…
A: Answer:- Negotiation meaning:- A negotiation is a strategic debate that aims to resolve an issue…
Q: Statement 1: Companies record and report long-term notes receivable on a discounted basis.…
A: Let's Understand some basics Notes Receivable are the promissory notes given by receivables of the…
Q: mpt in Progress Swifty Corporation has old inventory on hand that cost $26250. Its scrap value is…
A: When Decision is to be taken whether the product is further manufactring or not, then decision will…
Q: What alternatives are available to Wilkinson and Walker to deal with this situation, and what are…
A: Introduction: When a person or organization becomes insolvent, it is unable to meet its financial…
Q: A cheque in the amount of $455 was returned by the bank marked "NSF". A bank service fee of $15 was…
A: As per relevant accounting principles, in case of cheque returned due to non-sufficient funds in the…
Q: ABC Ltd has the following land and buildings in its financial statements as at 30 June 2022:…
A: Revaluation is defined as a process in which the assets are reported considering their fair values…
Q: critically explain any four main disclousures relating to IAS 38 intangible assets by providing…
A: Intangible assets are the one which have the useful life and are amortized over a period of life.…
Q: Assume Tran accounts for the Lyon license as a five-year right to access Tran's symbolic…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: Which one of the following is NOT a budgetary benefit? It establishes the organization's goal. It…
A: Budgeting is a written plan covering projected activities of a firm for a defined period of time…
Q: An investor is trying to decide between Portfolio ST and Portfolio BT. Portfolio ST comprises of…
A: Answer (1) There are two portfolio ST and BT. To find out the optimal portfolio considering the…
Q: Soar Corporation issued a 100% share dividend of its ordinary shares which had a par value of P10…
A: D. Par value
Q: Question 2 If an associate has preference share, the proper way of computing the share in net…
A: Correct option is (A) : Deduct the preference dividend for the current year only, whether declared…
Q: Overhead Cost Category (Activity Cost Pool) Supervision Driver Depreciation of machinery Assembly…
A: calculation of above requirement are as follows.
Q: Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in…
A: Receivable Turnover Ratio - Receivable Turnover Ratio shows in the financial year how many times…
Q: Morgan lives alone and needs to move to start a new job. She drives 400 kilometres closer to her new…
A: Answer:- Moving expenses meaning:- The reasonable costs of moving home goods and personal…
Q: Archibald Corporation, a public corporation exchanged an asset with Bass Industries. The following…
A: Journal Entries on the books of Archibald Corp assuming that the exchange would have commercial…
Q: [The following information applies to the questions displayed below.] Marcelino Co.'s March 31…
A: calculation of cost of goods manufactured are as follows
Q: s. Cai Monel owned a business named CAI'S GENERAL MERCHANDISE and had the following ansactions for…
A: Perpetual inventory system: Perpetual inventory system is one of the method that evaluates the…
Q: The following data pertain to Sunlight Corp., whose management is planning to purchase an automated…
A: Net Present Value- The difference between the current value of cash inflows and withdrawals over a…
Q: Why are the confirmation of payables is not a required audit procedure as it is with receivables?
A: The auditor’s main objective is to provide an opinion on the financial reports. The auditor’s…
Q: In a review engagement the public accountant provides negative assurance in the report which is…
A: Review Engagement: A review engagement is a sort of engagement that gives a limited amount of…
Q: 2.Given the following data, calculate the total product cost per unit under variable costin Direct…
A: Variable costs are costs which changes with change in activity level. Variable costing is one of the…
Q: 4. The cost of materials per unit is P42 and cost of labor per unit is P48. Other variable cost per…
A: Formula Break even point = Fixed cost / contribution per unit Given fixed cost = P188480…
Q: Required information [The following information applies to the questions displayed below.] In 2021,…
A: Introduction: Percentage of completion method is used for the long term contracts for the purpose of…
Q: Question: David Austin recently purchased a chain of dry cleaners in northern Wisconsin. Although…
A: Introduction: The accounting breakeven point is the sales level at which a company produces exactly…
Q: Identify three (3) limitations of Generally Accepted Accounting Principles (GAAP), for security…
A: Generally Accepted Accounting Principles (GAAP): GAAP, which stands for generally accepted…
Q: Diksh and Nadia are 78 years old and are married. Nadia has $7000 in AS income, $50,000 in…
A: As per the prevailing law , a person with age 65 years or more can split up to 50% of pension income…
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- Identify and discuss the drawbacks of an entrepreneur.What are the components of a strategic plan? Find one of these components for the company you work for and share (if you are not currently employed, use the college you attend).Are there common traits among entrepreneur that can guarantee success
- Starting a company has several challenges, one of which is deciding on the kind of organization to create. Why may they choose to join forces with you?Write about the positives and negatives of owning a franchise. Do you believe it is a smart business decision? Support your position with examples.The CEO and his top managers have asked themselves two important questions: a. do customers value what the company is providing; and b. can the company make money doing that? This group is developing a ________. A. business model B. BCG matrix C. competitive advantage D. strategy
- 1- Explain how you can assess the support for corporate innovation; showing what questions can be asked in order to do the assessment process. 2- What are the rules for an innovative environment? 3- Explain briefly the "Entrepreneurship Theory". 4- Define the following terms: a-Cognition b-Social Cognition Theory c-Entrepreneurial Cognition d-Cognitive Adaptability e-Metacognitive ModelAnalysse how ethical business practices and corporate social responsibility initiatives can contribute to long term sustanable economic development. Provide examples of how your workplace, or an organisation of your choice, can successfully integrates ethics, CSI and CSR into its current business model. Discuss the impact this will have on its financial performace and reputation.the motivations for starting a company are many and complex.
- Which of the following functions relates to entrepreneurship. a.Process of innovation b.Creation of new venture c.Expansion of an existing business d.All of the abovehow could MIN() and MAX()In excell benefit a small business? Create an example where knowing such value may help a manager make a smart business decision.How does becoming a social entrepreneur give value to accountancy?
