What are financial obligations or money that a business needs to pay others in the future called?
BLANK are financial obligations or money that businesses need to pay others in the future.
Answer:
Liabilities
Explanation:
In economic terms, liabilities are the obligations that are to be paid by one authority to another in the future. They are owned by the company which is left to be settled in the future. The liabilities can be paid off through the means of money, goods, or services. They also include loans, revenues, and accrued expenses.
In the accounting equation, assets are equal to liabilities plus what?
A Owner equity
B Revenue
C. Accounts
D. Interest
Please select the best answer from the choices provided
A
B
O O O
С
D
Answer:
A. Owners equity
Explanation:
In a balance sheet, the accounting equation reflects a scenario in which assets are equal to liabilities including owners equity. This is premised on the principle of double entry which is the foundation of accounting.
Owners equity is the amount owned by the business owner or his investment in the business less drawings.eg retained earnings,profits, etc.
The reason for accounting equation is to show that the balance sheet tallies such that items on the debit matches items on the credit
Explain the challenges sole proprietors face when considering whether to expand their business.
Answer:
• Difficulty in obtaining finance
•Unlimited liability risk
• Assuming too many roles
• Heavy decisions making burden
•Going concern
Explanation:
• Difficulty in obtaining finance is one of the many challenges faced by sole proprietors as he seek business expansion. The risk involved in being a sole proprietor is much hence lenders often find it difficult to finance their business.
•Unlimited liability risk is also a challenge against business expansion for a sole proprietor because he faces the risk of loosing his personal assets and that of the business should the business goes bankrupt or liquidate.
• Assuming too many roles poses as challenge to a sole proprietor as he expand his business. In this case, he becomes the manager, customer attendant, cashier etc all of which will become burden on his as the business grows.
• Heavy decisions making burden. A sole proprietor is responsible for making all the decisions regarding his business hence will affect the business as it expands. Some business decisions requires professional advice else the business will collapse in the long run which is often the case with sole proprietors.
• Going concern is an accounting principle which states that a business will continue to exist and into the foreseeable future which is not the case with a sole business owner as his death ends the existence of the business hence a factor against business expansion.
Which of the following best explains how a recovery period leads to a boom?
A. A natural disaster resulting in greater demand for housing
construction.
B. A decrease in unemployment resulting from low production costs.
C. An increase in consumer demand resulting from a reduction in prices.
D. A reduction in consumer demand resulting from hyperinflation.
The answer is C. An increase in consumer demand resulting from a reduction in prices.
Answer:
C. An increase in consumer demand resulting from a reduction in prices .
Explanation:
when prices decline the consumer demand quantity increases.
Answer:
an increase in consumer demand result from a reduction in prices
Explanation:
By hiring your children, you can
pay low wages.
show how much you care.
transfer wealth without estate taxes.
avoid payroll taxes.
Answer:
Avoid payroll taxes
Explanation:
In hiring your children to work for you, you can avoid payroll taxes as long as they are legitimate employees. This therefore means that one can deduct the children's salary from the business income and then write it down as a business expense. That way, the employer does not have to pay taxes on the salary. The taxes are medicare and /or social security taxes.
In hiring your children, certain rules have to be followed and they include: the child must be a real employee, compensation must be reasonable and you must comply with the legal requirements for employers.
Cheers.
if the demand for a good increases by more than the supply of the good increases, then the goods equilibrium price will ________ and its equilibrium quantity will __________. group of answer choices
Search Results
Web results
Answer: Equilibrium price will increase and its equilibrium quantity remains the same
Definitley marking the brainliest ASAP
Answer:
It's A im thinking
Explanation:
Answer:
Choice A
Explanation:
Two ours should be maximum, otherwise the food might be contaminated, after two hours.
Please mark BRAINLIEST!
Full-time employees must have money deducted from their paychecks for
car insurance premiums.
contributions to charity.
federal income tax.
savings.
The correct answer is C. Federal income tax
Explanation:
The term "deduction" is used to describe money that is taken from your salary. In the case of full-time jobs in the U.S. salary deductions include deductions for income taxes including the federal income tax and deductions for Social security taxes because all of these taxes are established by the U.S. government and this is closely related to the amount of money you earn or your salary. Also, others such as savings, contributions to charity, etc. are not mandatory deductions. Thus, full-time employees must have money deducted from their paychecks for federal income tax.
starting up a lemonade stand
Answer:
STEP 1:
Plan your business
STEP 2:
Form a legal entitity
Step 3:
Register for taxes
STEP 4:
Open a business account and credit card
STEP 5:
Set up business accounting
STEP 6:
Obtain necessary permits and licences
STEP 7:
Get a business insurance
STEP 8:
Define your brand
STEP 9:
Establish your web presence.
Explanation:
I hope this is what you mean
Brenda’s Boards manufactures skateboards. Each skateboard sells for $45 and includes the following expenses: $3 for the wheels and mounts, $1 for the plastic board, $1 for the paint, and $10 for the labor. What is the total profit the company earns after selling 100 boards? $300 $350 $3,000 $3,500
Answer:
Profit on sale of 100 skateboards is $3000
Explanation:
Given:
Selling price of each skateboard = $45
Expenses include $3 for the wheels and mounts, $1 for the plastic board, $1 for the paint, and $10 for the labor
To find: Total profit the company earns after selling 100 boards
Solution:
Cost price of each skateboard = $3 + $1 + $1 + $10 = $15
Selling price of each skateboard = $45
Profit on sale of each skateboard = $45 - $15 = $30
Profit on sale of 100 skateboards = $30 × 100 = $3000
The total profit the company earns after selling 100 boards is $3,000.
Total profit:First step is to calculate the total cost
Total cost=($3+ $1 + $1 + $10)×100
Total cost= $15×100
Total cost=$1,500
Second step is to calculate the total revenue
Total revenue=$45×100
Total revenue=$4,500
Third step is to calculate the total profit
Total profit=$4,500-$1,500
Total profit=$3,000
Inconclusion the total profit the company earns after selling 100 boards is $3,000.
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Find the total cost, rounded to the nearest cent, of 3.9 pounds of corned beef at $5.49 per pound and 4.6 pounds of pastrami at $4.95 per pound.
Answer: $44.18
Explanation:
Given the following :
Cost of corned beef per pound = $5.49
Cost of pastrami per pound = $4.95
Pound of corned beef = 3.9 pounds
Pound of pastrami = 4.6 pounds
Therefore ;
Total cost = (cost per pound × number of pound)
Total Cost of corned beef = 3.9 × $5.49 = $21.411
Total cost of pastrami = 4.6 × $4.95 = $22.77
Total cost of corned beef and pastrami :
$21.411 + $22.77 = $44.181
$44.18
In order to calculate _____ using cost plus markup, a seller needs to know two things the cost of the item in the market.
A. Market share
B. Selling price
C. Number of sales per month
D. Tax rate
Answer:selling price b
Explanation:
Which of the following accurately describes a capital gain?
A. Arise in the standard of living
B. The difference between costs and revenues
C. An upward trend in prices
D. An increase in the value of an investment
Answer:
A. Arise in the standard of living
Explanation:
A. Arise in the standard of living
True or False: Cell phone chargers are considered hazmat products and cannot be stowed with items like books
or towels
Answer:
I would say false
Explanation:
the charger is like an appliance . if it isn't in use it's harmless . I don't know for sure.
Answer:
The statement "Cell phone chargers are to be considered as the hazmat products and they cannot be stowed the items such as books or towels" is false.
Explanation:
Hazmat products are those products that are considered to be hazardous that could risk:
Health, Property, Or the Environment.It could become hazardous at the time:
Storing, Handling, Or Transporting them.As they consist of flammable, pressurized. It includes such substances as fuels, nuclear waste products, etc.
Also, it can be stowed with items such as books or towels.
Therefore we can conclude that the statement "Cell phone chargers are to be considered as the hazmat products and they cannot be stowed the items such as books or towels" is false.
Learn more about hazmat products here: brainly.com/question/24142576
I’m marking the brainliest :))
Answer:
anything below 40 is right, so it's A
Answer:
Choice A
Explanation:
It is 40 degrees or colder.
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2 features of public limited companies
Drag each tile to the correct box.
Match each investment example to the type of risk involved with it.
credit risk
inflationary risk
market risk
reinvestment risk
George purchased a US Treasury bond that matures in five years. He plans to purchase a newly issued Treasury bond and hopes it will be just as valuable.
arrowRight
Claretta purchased a Treasury bond that pays 1% interest when the price of goods and services are rising by 2%.
arrowRight
Corbin purchased a corporate bond with a poor rating and a risk of default.
arrowRight
Beth bought a company’s stock in hopes of a quick profit, but the stock price has been very unpredictable.
arrowRight
Answer:
Reinvestment risk ⟶ George purchased a US Treasury bond that matures in five years. He plans to purchase a newly issued Treasury bond and hopes it will be just as valuable.Inflationary risk ⟶ Claretta purchased a Treasury bond that pays 1% interest when the price of goods and services are rising by 2%.Credit risk ⟶ Corbin purchased a corporate bond with a poor rating and a risk of default.Market risk ⟶ Beth bought a company’s stock in hopes of a quick profit, but the stock price has been very unpredictable.Explanation:
Let's review the first scenario. We know that George just bought a bond that will mature in five years. If the bond turns out to be profitable, he intends to buy a new US Treasury bond once his current one matures. This accurately describes a reinvestment risk because he is risking buying a second bond based on the outcome of the first one. Once the bond matures, the interest rates will have fallen, which will make it extremely less likely that newer bonds available to reinvest in will offer the same rewards.Now take a look at the scenario. This one is relatively obvious. Since it states that the prices of goods and services are rising, Claretta's interest won't seem like much after a few years. This makes it an inflationary risk because the inflation rates in her country are rising and her interest returned will buy her less that it would have in the past.Moving onto the third scenario, we can see that Corbin purchased a bond from a corporation that has incredibly low ratings and usually fails to repay their loans. This indicates a credit risk. A credit risk occurs when an investor chooses to invest in a bond issuer that has a history of poor credit reliability. This is clearly the case for this issue and therefore, Corbin has made a credit risk.The final scenario indicates a market risk. A market risk is any factor that affects the overall performance of the financial markets. Since the stock prices in Beth's economy have been unpredictable, clearly something has negatively impacted the market so the stock prices are frequently fluctuating.Answer:
Reinvestment risk ⟶ George purchased a US Treasury bond that matures in five years. He plans to purchase a newly issued Treasury bond and hopes it will be just as valuable.
Inflationary risk ⟶ Claretta purchased a Treasury bond that pays 1% interest when the price of goods and services are rising by 2%.
Credit risk ⟶ Corbin purchased a corporate bond with a poor rating and a risk of default.
Market risk ⟶ Beth bought a company’s stock in hopes of a quick profit, but the stock price has been very unpredictable.
Explanation:
As the supply of Blu-Ray players has increased over the years and the price of Blu-Ray players has dropped, the _____.
Answer:
quantity demanded of Blu-Ray disc players has decreased.
Explanation:
The above is applicable to the law of supply which states that as other factors remain constant, the higher the price , the higher the quantity supply and vice versa. In other words, producer will be willing to supply more as prices of goods increases due to the sales revenue that will be available to them.
However, as in the above case, since there is an increase in supply, and a decrease in price, quantity demanded would also decrease because supply and demand are dependent on each other as a general rule.
