What is the definition of a proprietorship? What is its major drawback?

Answers

Answer 1

Answer:

is a business owned by one person who invest money, time and physical assets


Related Questions

Three levels of help human services organizations to achieve goals they develop for their clients.

Answers

Answer:

The three levels of help human services organisations provide are Macro, Mezzo and Micro.

Explanation:

Macro Level

This is focused on a higher scale and includes work like program development, community-based initiatives, policy changes etc. The type of organisations working at this level includes government agencies,  non-profit companies and/or advocacy groups.

Mezzo Level

This is concentrated on a intermediate scale involving smaller groups. Examples of such practices includes helping those who are victims of criminal activity.

Micro Level

This type of work is focused on individual levels like helping people to provide them with their basic needs like food, clothes and/or home. This also includes work like counselling and family therapy.

Answer:

I think the answer may be:

Three levels of intervention help human services organizations to achieve goals they develop for their clients

Explanation:

I'm not even 100% positive about this, but I saw this answer on another site!

Reggie who is 55, had adjusted gross income of $32,000 in 2020. During the year, he paid for the following medical expenses:
Drugs ( prescribed by physicians) $500
Marijuana ( prescribed by physicians) $1,400
Health insurance premiums -after taxes $850
Doctors' fees $1,250
Eyeglasses $ 375
Over the counter drugs $200
Reggie received $500 in 2020 for a portion of the doctors' fees from his insurance. What is Reggies medical expense deduction?
How would you set this problem up? What is deductible in the year of 2020.

Answers

Assuming Reggie who is 55, had an adjusted gross income of $32,000 in 2020, Reggies medical expense deduction will be $75

Calculation to determine Reggie medical expense deduction

Drugs  $500

Add Health insurance premium-after tax $850

Add Doctors fees $1,250

Add Eye glasses $375

Total expenses  $2,975

($500+$850+$1,250+$375)

Less Insurance reimbursement  ($500)

Less 7.5% of Adjusted gross income ($2,400)  

($32,000×7.5%)

Medical Expense Deduction  $75

($2,975 - $500 - $2,400)

Inconclusion assuming Reggie who is 55, had an adjusted gross income of $32,000 in 2020, Reggies medical expense deduction will be $75

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The Reverend Petros receives an annual salary of 51,000 as full-time minister this includes 5000 designated as a rental allowance River and Pedro is not exempt from employment tax how much must he include figuring that income for self-employed tax

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If the Reverend Petros receives an annual salary of 51,000 as full-time minister that includes 5000 designated as a rental allowance. The amount that must be include figuring that income for self-employed tax is : $51,000.

What is annual salary?

Annual salary can be defined as the amount a person earn as salary per year.

On the other hand self employed tax can be defined as the tax a  person that is solely working for his/her self  without working for any other person remit to the government.

Therefore the amount that must be include figuring that income for self-employed tax is  the amount of $51,000.

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Which 2 statements about Location tracking in QuickBooks Online are true?

The Location can be added to a Bill Payment
The Location can be filtered on the Receive payment screen
The Location can be filtered on the Pay bills screen
The Location can be selected on each row of an invoice
The Location can be selected on each row of a journal entry

Answers

The statements about Location tracking in QuickBooks Online are true are The Location can be selected on each row of a journal entry and The Location can be filtered on the Pay bills screen. Thus, option 2nd and 5th are correct.

What can the location tracking feature do?

There are a few examples of how location sharing applications and features benefit our daily lives: Assist you in tracking down and recovering lost or stolen smart gadgets. When you phone 911, you are giving emergency responders your location. Allow you to avoid traffic.

The assertions concerning QuickBooks Online's location tracking are correct. On each row of a journal entry, the Location may be selected, and the Location can be filtered on the Pay bills screen. As a result, options 2nd and 5th are accurate.

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ACCOUNTING:-

How do we find out the Balance B/D in the credit section?

ACCOUNTING:-How do we find out the Balance B/D in the credit section?
ACCOUNTING:-How do we find out the Balance B/D in the credit section?

Answers

In accounting, the term "Balance B/D" typically refers to the Balance Brought Down, which represents the balance carried forward from the previous accounting period.

To find out the Balance B/D in the credit section, you would need to consider the following:

Obtain the financial statements: Retrieve the previous period's financial statements, including the balance sheet and the income statement.

Locate the previous period's credit balance: Look for the credit balance in the relevant accounts on the balance sheet. These accounts could include liabilities, equity accounts, or contra-asset accounts.

Analyze changes: Review any changes that occurred during the previous period in the accounts with credit balances. Determine whether there were any increases or decreases in these accounts due to transactions or adjustments.

Calculate the net change: Calculate the net change in the accounts with credit balances by subtracting any decreases from the increases. This will give you the overall change in the credit balances of these accounts.

Determine the Balance B/D: Add the net change to the previous period's balance. If the previous period's credit balance was zero, then the net change itself will be the Balance B/D in the credit section. However, if there was an existing credit balance, you would need to add the net change to that balance to find the Balance B/D in the credit section.

By following these steps, you can identify the Balance B/D in the credit section, which represents the credit balance carried forward from the previous accounting period.

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Alexander Rees is concerned about appearing knowledgeable in exporting. What are
some of the factors he mentions in the project letter?

A-Finding good coffee

B-Developing a reliable source for twizzle sticks

C-Travel costs

D-Cultural Differences and exchange rates

Answers

Alexander Rees is concerned about appearing knowledgeable in exporting. The some of the factors he mentions in the project letter are

Travel costs

Cultural Differences and exchange rates

Thus option (C) and (D) are correct.

What is a cost?

The cost is the expenditure or spending required or incurred to create and sell products and services, or to acquire assets.

When a product is sold or consumed, a cost is charged to expense. In the case of a buying of an asset, the charge to expense could be significantly deferred. The cost concept underlies the transition of assets from the balance sheet to expenses in the income statement.

Alexander Rees is concerned about appearing knowledgeable in exporting. Travel costs and Cultural Differences and exchange are  some of the factors he mentions in the project letter.

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Use the data table to answer the question that follows.

An investor's primary concern with adding a new stock to their portfolio is reducing risk. Which stock should they choose and why?

(A) Stock A, because it has a div value of 0 and a relatively high P/E ratio
(B) Stock A, because its last price indicates slow but steady growth to come
(C) Stock C, because its lower P/E ratio means it is least likely to fail
(D) Stock C, because its price spread and div suggests stability of earnings

Use the data table to answer the question that follows.An investor's primary concern with adding a new

Answers

An investor's primary concern with adding a new stock to their portfolio is reducing risk. The stock they should choose is Stock C, because its price spread and div suggest stability of earnings. The correct option is d.

Portfolio diversification is the process of selecting a variety of investments within each asset class, which can help those looking for how to minimize their investment risk. Diversification across asset classes may also help lessen the impact of major market swings on your portfolio.

If we were to invest in the stock of just one company, we'd be taking on greater risk by relying solely on the performance of that company to grow your investment. This is known as "single-security risk" the risk that our investment will fluctuate widely in value with the price of one holding.

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COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST

YOU NEED TO PROVE YOUR ANSWER

Direction: Read each statement carefully. Write True in the blank if the statement is right and False if it is wrong and prove it.

1. Internal Forces refers to set of elements which affects organization's or firm's behavior.

2. External Forces is unpredictable and uncontrollable.

3. Poor corporate image is a strength of the firm.

4. Money is the lifeblood of every business.

5. Customers are the king of the market.

6. Demographic aspects are the characteristics of the people in which the organization can be found.

7. Macro and micro environment are types of internal environment.

8. Technological includes the use of robots and online commerce.

9. Improper plans and policies help the firm to accomplish its objectives.

10. Socio-cultural are the characteristics of the population of a certain place. ​​8​

Answers

The given statement 1,2,3,6,7 and 9 are false statement and 4,5,8 and 10 are true statement.

What is called an organization?

An organization is consists group of people who work together, like an association, a charity, a union, or a corporation.

1. Internal Forces refers to set of elements which affects organization's or firm's behavior. It is false statement because today's organizational behavior is influenced by a complicated mix of major influences. People, Structure, Technology, and Environment are the four categories of important factors. People, structure, and technology interact, and these factors are impacted by the environment.

2. External Forces is unpredictable and uncontrollable. It is false statement because it is possible to predict economic trends using forecasted data.

3. Poor corporate image is a strength of the firm. It is false because when the corporate image is weak or poor, it affects the customers perception of not just the company but it's products as well. Hence, deflecting demand for their goods an services.

4. Money is the lifeblood of every business. It is True  statement

5. Customers are the king of the market. It is true statement.

6. Demographic aspects are the characteristics of the people in which the organization can be found. It is false statement because demography is the scientific survey of populations, particularly human populations. Demographic analysis may be used to entire societies or groupings based on factors such as education, nationality, religion, and ethnicity.

7. Macro and micro environment are types of internal environment. it is false because Macro relates to external while micro relates to internal.

8. Technological includes the use of robots and online commerce, it is true.

9. Improper plans and policies help the firm to accomplish its objectives it is false because a bad plan cannot possibly lead to a good plan. Hence, improper plans and policies can not help the firm to accomplish its objectives.

10. Socio-cultural are the characteristics of the population of a certain place.​ It is the true statement.

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Between January 2010 and January 2016, U.S. employment increased by 12.1 million workers, but the number of unemployed workers declined by only 7.3 million. True or False: The labor force has remained unchanged.

Answers

Answer:

False, the labor forced increased

Explanation:

labor force = total number of people actively working (employed) or searching for jobs (unemployed)

lets say L = the total labor force in 2010

by 2016, L had increased by 12.1 million and decreased by 7.3 million

net change of L = 12.1 - 7.3 = 4.8 more million people were part of the labor force in 2016 than in 2010.

Which of the following best describes the relationship between indirect and direct stakeholders?
A. Direct stakeholders answer to indirect stakeholders.
B. Indirect stakeholders influence direct stakeholders.
C. Indirect stakeholders are made up of direct stakeholders.
D. Direct stakeholders employ indirect stakeholders.

Answers

Direct stakeholders answer to indirect stakeholders best describes the relationship between indirect and direct stakeholders. A stakeholder is a party who has an interest in a firm and can influence or be influenced by it. A stakeholder is any individual or organization with an interest in a company or project.

Stakeholders can have a substantial impact on an organization's operational and financial decisions. Investors, creditors, employees, and even the local community are examples of stakeholders. Stakeholders are persons or groups who have a vested interest in the success of the business. Organizations must develop healthy and balanced relationships with their stakeholders.

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Answer:

The answer is B

Explanation:

i did the quiz

purchased book shelves from laily enterprise 15 600 at listed price with 20 % trade discount journal entry​

Answers

Explanation:

purchased book shelves from laily enterprise 15 600 at listed price with 20 % trade discount journal entry.

a. Balance sheet accounts are arranged into ______ general categories. b. Common Stock and Dividends are examples of ______ accounts. c. Accounts Payable and Note Payable are examples of ______ accounts. d. Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of ______ accounts. e. A(n) ______ is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.

Answers

Answer:

a. Three (3).

b. Equity.

c. Liability.

d. Asset.

e. Account.

Explanation:

a. Balance sheet accounts are arranged into three general categories. These are asset, liability and equity.

b. Common Stock and Dividends are examples of equity accounts.

c. Accounts Payable and Note Payable are examples of liability accounts.

d. Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of asset accounts.

e. An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.

a. Balance sheet accounts are arranged into three general categories. b. Common Stock and Dividends are examples of equity accounts. c. Accounts Payable and Note Payable are examples of liability accounts.

An account is a record of the financial transactions. It shows a category or item that keeps the financial transactions and balances related to a particular asset, liability, equity, revenue, or expense. Accounts are mostly classified into three main categories (assets, liabilities, and equity) on a balance sheet.

d. Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of asset accounts. e. An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.

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A customer paid Critter Sitters Animal Care cash for dog sitting services. Which two accounts are impacted by this transaction?
O cash and accounts payable
O Cash and sales
O Sales and accounts payable
O Sales and accounts receivable

Answers

In the books of Critter Sitters Animal Care, the two accounts impacted by the cash sales transaction are B. Cash and sales.

What are the accounting impacts of cash sales transactions?

When a customer pays for services or the sale of goods, the selling entity will debit its cash account and credit its service revenue or sales revenue account.

For the paying customer, the accounting impact is to debit purchases, expenses, or inventory and credit the cash account.

These debit and credit entries agree with the double-entry system of accounting and the accounting equation that states that assets are equal to liabilities and equity, given each business transaction.

Transaction Analysis for Critters:

Cash $ Sales $

Thus, Critters Sitters Animal Care should debit its cash account and credit its sales revenue account.

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Suppose the CPI was 110 last year and is 121 this year.



Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 1 decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.



a. What is this year’s inflation rate?
____ %

b. In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year’s inflation rate?
____ %
c. What term do economists use to describe this second outcome?
Inflation or Deflation

Answers

The inflation rate is 10%, which can be computed the second answer is -1.8%. third outcome called deflation.

How to calculate CPI?

a) The formula to CPI is

\(CPI= \frac{current CPI-past CPI}{past CPI}\)

\(CPI= \frac{121-110}{110}\)

CPI= 0.1 or 10%

b) \(CPI= \frac{current CPI-past CPI}{past CPI}\)

\(CPI= \frac{108-110}{110}\)

CPI= -0.18%

A decrease in the economy's overall price level is referred to as deflation, whereas a temporary slowdown in price inflation is known as disinflation. A decrease in the money supply, reductions in government and consumer expenditure, and reductions in corporate investment can all contribute to deflation, which is bad for an economy.

A progressive drop in consumer prices for products and services is known as price deflation. This is frequently brought on by the deflationary gap, also referred to as the demand gap, which is characterized by high supply and low demand. Consumers and businesses hold on to their money rather than spending it because they anticipate a decrease in pricing.

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Which of the following forms of sex-related conduct does each of the example represent ?

Answers

Sexual Harassment is a behavior. It is defined as unwelcome behavior of a sexual nature.

The variety of behaviours that people, creatures, systems, and artificial things exhibit in a given context is referred to as behaviour. These systems may consist of both the inanimate physical world and other systems or species.

Behaviour is an individual's actions. It is what a person does to bring about, bring about change, or to maintain the status quo. Behaviour is a reaction to internal events, such as thoughts and feelings. externally: the surrounding area, which includes other people.

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Guji company had the following amounts of assets and liabilities at the beginning and end of last year:
Assets Liabilities
Beginning of the year………………Br.75,000 Br. 30,000
End of the year….……………………120,000 46,000
Determine the net income or net loss of Guji for the year under each of the following unrelated assumptions:
Owner made no additional investment and withdrew no amount during the year
Owner made no additional investment but withdrew Br.17,500 to pay for her personal expenses
Owner withdrew no amount during the year but made additional investment of Br. 32,500 cash.
Owner withdrew Br.17,500 and invested Br.25,000 cash during the year.​

Answers

$32300 is the net income of Guji for the year under each of the following unrelated assumptions.

Explanation:

Total assets=Total liabilities +Total equity

Beginning equity=(231,000-96500)=$134500

Ending equity=(262,000-78400)=$183600

Ending equity=Beginning equity+Issue of common stock+Net income-Dividends

183600=134500+23500+Net income-6700

Net income=(183600+6700-134500-23500)

=$32300.

Thus, $32300 is the net income.

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Which of the following would be considered the output?

Answers

Explanation:

Umm what do you mean.....the question isn't there but I am glad to help you

Explain how opportunity cost is different for economic goods and free goods

Answers

Answer:

The difference is that free goods have exactly zero opportunity cost, because they cost nothing, their price is zero, and their use is non rival, and non excludable, meaning that if a person uses a free good, that person does not prevent any other person from using the good.

Economic goods, on the other hand, are goods that have a price, and that have a cost of production. Besides they are rival and/or exclusionary. The opportunity cost of an economic good varies depending on the good, but it is never zero.

BB Water

Mr. Vu was the director of BB Water. He started his business with capital borrowed from members of his family. Thereafter, however, Mr. Vu’s family had very limited involvement in the business. Mr. Vu emerged as the most individualistic of the family. He seemed to have sole control of his business. For example, after describing how he set up the bottling plant and negotiated with government officials to get the necessary papers, he said: “I also had to do almost everything myself. At the beginning I bought the land, designed the buildings, and supervised the construction.

I had to interview and train each person. Also, I had to discipline people.” He explained that he could not delegate discipline because workers would ‘react’ if they were admonished by “anyone but the boss, the owner of the company”.

Question: Discuss the difference in behavior, attitude, perception and business culture between Mr. Vu, his family, and employees.

Answers

The difference between Mr. Vu and his family and employees is that he is an individualist and egoistic person, while the others are docile and willing to be silent partners.

What is Culture?

This is the way of life of a group of people who are bound together by a family bond.

Here, we can see that from the given scenario, there is the description of the character of Mr Vu and how there is a stark contrast between his individualist self and the docile and willingness to be silent partners by his family members.

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You want to start a Business, but you are unaware about the Business risk. Analyze the factors that cause Business risks.

Answers

Answer:

Business risks can be caused by a variety of factors, including economic conditions, market fluctuations, regulatory changes, and natural disasters. It's important to understand these risks before starting a business so that you can take appropriate measures to mitigate them.

Explanation:

The workers health , are u financially enough to do
The business , u gotta pay the workers

Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.

Answers

Journal Entry:

Date: [First year-end date]

The amortization expense for the first year is $120,000.

Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.

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suon
Select the best answer for the question
7. The company's goal is to earn $5 profit for every sale that's made in its stores. Which key performance indicator can be used to measure the results of this goal?
OA. Number of sales per employee
OB. Profit made per sale
OC. Overall company growth
OD. Number of sales per day

Answers

B is the correct answer

You would see the profits by sale and try to increase it to $5 therefore option B is correct.

Hope this helps have a excellent day!

A transportation app developer knows that the commute times for a specific route follow an approximately normal distribution with a mean of 30 minutes and a standard deviation of 6 minutes. Using the norm.dist() function in excel, the developer has calculated the following probabilities for specific commute times. Probability Calculations P (Commute < 16.04) = 0.01 P (Commute < 20) = 0.048 P (Commute < 20.13) = 0.05 P (Commute < 25) = 0.202 P (Commute < 35) = 0.798 P (Commute < 39.87) = 0.95 P (Commute < 40) = 0.952 P (Commute < 43.96) = 0.99 9. What is the probability that a commute is between 25 and 40 minutes? 10. Name the two values (don’t round), equidistant from the mean of 30 minutes, such that 90% of all commute times are between these values?

Answers

9.  Probability (between 25 and 40 minutes) = 0.75.

10. Two values are 18.3 minutes (lower value), and 41.7 minutes (upper value)

For the probability that a commute is between 25 and 40 minutes, calculate the difference between the cumulative probabilities of the upper and lower bounds.

P(25 < Commute < 40) = P(Commute < 40) - P(Commute < 25)

Using the given probability values:

P(25 < Commute < 40) = 0.952 - 0.202

P(25 < Commute < 40) = 0.75

Therefore, the probability that a commute is between 25 and 40 minutes is 0.75.

10. To find the two values equidistant from the mean of 30 minutes such that 90% of all commute times are between these values, calculate the corresponding z-scores.

Since the data follows an approximately normal distribution, use the z-score formula:

z = (x - μ) / σ

Where:

z is the z-score

x is the value

μ is the mean

σ is the standard deviation

To find the z-scores corresponding to the cumulative probabilities, use the norm.inv() function in Excel.

The z-score for the lower value, which corresponds to the 5th percentile (0.05 cumulative probability), is given by:

z1 = norm.inv(0.05, 0, 1)

The z-score for the upper value, which corresponds to the 95th percentile (0.95 cumulative probability), is given by:

z2 = norm.inv(0.95, 0, 1)

Now, find the corresponding commute times by rearranging the z-score formula:

x = z * σ + μ

Using the given mean (μ = 30) and standard deviation (σ = 6):

For the lower value:

x1 = z1 * σ + μ

For the upper value:

x2 = z2 * σ + μ

Calculating the values:

For the lower value:

x1 = norm.inv(0.05, 30, 6) ≈ 18.3 minutes

For the upper value:

x2 = norm.inv(0.95, 30, 6) ≈ 41.7 minutes

Therefore, the two values (without rounding) equidistant from the mean such that 90% of all commute times are between them are 18.3 minutes & 41.7 minutes

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2.suppose 40% of the people entering X electronics store this month make a purchase. If 10 people enter the store, find the expected number making a purchase. Suppose that for the next month X electronics store forecasts 1000 customers will enter the store. (i)What is the expected number of customers who will make purchase? (ii) Find also the Standard Deviation.​

Answers

i) The expected number of customers who will make a purchase in the current month is 4.

ii) The standard deviation for the number of customers making a purchase in the current month is approximately 1.55.

To find the expected number of customers making a purchase, we can multiply the total number of customers entering the store by the probability of making a purchase.

(i) For the current month:

Number of people entering the store = 10

Probability of making a purchase = 40% = 0.4

Expected number of customers making a purchase = Number of people entering the store * Probability of making a purchase

Expected number of customers making a purchase = 10 * 0.4

Expected number of customers making a purchase = 4

Therefore, the expected number of customers who will make a purchase in the current month is 4.

(ii) To find the standard deviation, we need to consider the binomial distribution since the number of customers making a purchase follows a binomial distribution with parameters n (number of trials) and p (probability of success).

For the current month:

n = Number of people entering the store = 10

p = Probability of making a purchase = 0.4

q = Probability of not making a purchase = 1 - p = 1 - 0.4 = 0.6

Standard deviation (σ) of a binomial distribution is given by the formula:

σ = √(n * p * q)

Substituting the values:

σ = √(10 * 0.4 * 0.6)

σ = √(2.4)

σ ≈ 1.55

Therefore, the standard deviation for the number of customers making a purchase in the current month is approximately 1.55.

For the next month, if the store forecasts 1000 customers to enter the store, we can use the same calculations with updated values of n and p to find the expected number of customers making a purchase and the standard deviation.

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I need a an idea of followership introduction help me!

Answers

Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.

Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.

It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.

In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.

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Safety training in the workplace should be focused on _______.

Answers

Answer:

prevention of accidents

What elements should an ideal CRR plan include?

Answers

The following components belong in a perfect CRR plan. communication lines that are clear, empathy and understanding, activity that is swift and efficient, Feedback and follow-up Continual development

A CRR report: what is it?

The Cyber Resilience Assessment (CRR) is an evaluation of an organisation s resilience or cybersecurity measures based on interviews. Your organization will get knowledge of how to handle cyber risk during both regular operations and during periods of stress levels and catastrophe through the CRR.

What is CRR's emergency response?

Your department can use what you already know to reduce hazards in your operational area with the aid of a community reducing risk (CRR) program. CRR employs a wide range of instruments to create a strategy and integrated program aimed at minimizing the occurrence and effects of local risks.

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The effects of transactions occurring during Year 1 and their related year-end adjustments have been recorded below using the accounting equation.

Assets = Liabilities + Stockholders' Equity
Cash Accounts Receivable Prepaid Rent Land Accounts Payable Unearned Revenue Common Stock Retained Earnings
1) $ 94,000 $ 94,000
2) (27,000) $ 27,000
3) $ 55,000 $ 55,000
4) 39,000 $ 39,000
5) 39,000 (39,000)
6) (11,800) $ 11,800
7) $ 31,000 (31,000)
8) 27,000 (27,000)
9) (11,000) (11,000)
10) (27,000) 27,000
Totals $ 160,200 $ 16,000 $ 800 $ 0 $ 31,000 $ 12,000 $ 94,000 $ 40,000
Required:
With your knowledge of transaction analysis using an accounting equation, prepare an income statement for Year 1.

Answers

The income statement for year 1 is given below as follows.

The income statement for Year 1

Income Statement

Revenue  -  $55,000

Expenses  -

Cost of goods sold  -  $39,000

Depreciation  -  $11,800

Rent expense  -  $800

Unearned revenue recognized as revenue  -  $12,000

Net income  -  $12,200

In Year 1, the company had revenue of $55,000   and incurred expenses of $39,000 for cost of goods sold,$11,800 for depreciation, and $800 for rent.

Also , $12,000 of unearned revenue was recognized.

The resulting net income was $12,200.

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The following information relates to Paternus Company: Sales revenue $ 17,610,000 Contribution margin 6,510,000 Net Income 1,130,000 If a manager at Paternus desired to determine the percentage impact on income of a given percentage change in sales, the manager would multiply the percentage increase/decrease in sales revenue by: Multiple Choice 0.17.

Answers

Answer:

Phương trình kế toán là gì?

Explanation:

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help ASAP TRUE OR FALSE QUESTION

help ASAP TRUE OR FALSE QUESTION

Answers

Answer:

true I think.

Explanation:

That answer is TRUE
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