Without creating a separate business organization, Rey starts up Street Cruisers, a pre-owned auto sales enterprise. This enterprise is
Based on the fact that Rey did not create a separate business organization, the enterprise is a Sole Proprietorship.
What is a sole proprietorship?This refers to a business that is owned and operated by an entrepreneur who is not considered separate from the business.
This means that any liabilities of the business are the person's liabilities of the owner who in this case is Rey.
In conclusion, this is a sole proprietorship.
Find out more on sole proprietorships at https://brainly.com/question/4442710.
At the end of the year, Super Shipping has calculated its federal income tax amount for the year to be $10,000. Super Shipping has already made federal income tax payments in the amount of $4,000. How is the adjusting entry for Federal Income Tax Expense recorded on a multicolumn trial balance worksheet
Answer and Explanation:
The journal entry to record the federal income tax expense is shown below:
Federal income tax expense ($10,000 - $4,000) $6,000
To Federal income tax payable $6,000
(being the federal income tax expense is recorded)
Here the federal income tax expense is debited as it increased the expense and credited the federal income tax payable as it increased the liabilities
Given an actual demand of 63 a previous forecast of 58 and an alpha of .3 what would the forecast for the next period be using simple exponential smoothing ?
Answer:
The forecast for the next period based on simple exponential smoothing is 59.50
Explanation:
In determining the forecast for the period using the exponential smoothing approach, the below formula is of utmost importance:
forecast=(α*prior period actual)+(1-α)*prior period forecast
α =alpha=smoothing constant =.3
prior period actual=63
prior period forecast=58
forecast for the next period=(.3*63)+(1-.3)*58
forecast for the next period=18.90+40.60
forecast for the next period=59.50
A corporation has 3000 shares, 10% preferred stock of $55.00 par preferred stock, and 6000 shares of common stock outstanding. The net income for the year is $300,000. Calculate earnings per share. (Round your answer to the nearest cent.)
Answer:
the earning per share is $47
Explanation:
The computation of the earning per share is shown below;
= (Net income - preference dividend) ÷ number of common stock outstanding
= ($300,000 - (3000 × $55 × 10%) ) ÷ 6,000 shares
= $47.25
= $47 per share
Hence the earning per share is $47
What’s does stockbroker mean?
Answer:
a broker who buys and sells securities on a stock exchange on behalf of clients.
it's the one that says person who buys or sells equities
Casassa, a merchant in San Francisco, under the terms of a nonshipment contract, agrees to sell 50 cases of packaged macaroni to Paoli, a restaurant owner whose business is in San Jose. At the time of contracting for the sale, both parties are aware that these identified goods are in a warehouse in Fresno. The place for delivery is not specified in the agreement. On the basis of these facts, the place for delivery is
Answer:
Fresno
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America. There are special rules known as the special business standards that are set up by UCC governing merchants and the sales of goods in Article 2 of the Uniform Commercial Code.
Under Article 2 of the Uniform Commercial Code, a shipment contract between two parties (buyer and seller) states that a buyer bears the risk of loss and is typically responsible for the costs of goods in the event of any damage or loss incurred during transportation and prior to receiving the goods.
In this scenario, the transaction is a nonshipment contract and the place for delivery is not specified in the agreement.
However, on the basis of the facts that both parties are aware that the 50 cases of packaged macaroni are in a warehouse in Fresno, the place for delivery is Fresno.
what is 5669-56+6-1+76-1234567890
dont answer
Answer:
okay
Explanation:
Answer:
-1234562196
Explanation:
After years of using a mass marketing strategy, Precision Print Shop has responded to new competition from larger companies by focusing on small market segments that have been ignored by these competitors. Precision believes that by offering these market segments personalized customer service it can attract a loyal group of customers willing to pay premium prices. What is Precision's strategy known as
Answer:
niche marketing
Explanation:
Niche marketing is the type of marketing in which the promotion and the selling of the product and services are held for the specific section to be done. It focused on the particular market targets that could give the benefit from that specific product not with the overall market also this market would be high cost effective
SO according to the given situation, it is a niche marketing strategy
Identify the choice that best completes the statement or answers the question. The law of comparative advantage states that a nation is better off when it produces goods and services for which it has the comparative advantage. How is a comparative advantage obtained
Answer:
By producing a product with a lower opportunity cost
Explanation:
Given that the law of comparative advantage states that a nation is better off when it produces goods and services for which it has a comparative advantage.
To obtain a comparative advantage means "By producing a product with a lower opportunity cost."
This implies that while many nations can produce the same products, a particular nation will have the comparative advantage over other nations if its opportunity cost of producing that specific product is quite lower compared to other nations that ks capable of producing the same product.