!! PLEASE HELP !!
Romelle Woods and Ahti Indihar each won small businesses. Ms. Woods prepares an income statement and balance sheet at the end of each day for her business, in order to make business decisions. Mr. Indihar prepares an income statement and balance sheet for his business only at the end of each one-year fiscal period, when preparing tax reports. Which owner is using the better procedure? Explain your answer.

Answers

Answer 1

Answer:

Ms. Woods is using the better procedure.

Explanation:

Although is not necessary to prepare a balance sheet and an income statement daily, they should be prepared as often as feasibly possible anyway, because both financial statements provide crucial information to take decisions.

The balance sheet provides a snapshot of the assets, liabilities and equity of the firm, while the income statement provides a more fluid picture of what the firm has earned in the form or revenue, and lost in the form of expenses, over a specific period of time.


Related Questions

What is it called when you are able to touch and feel a product?

Answers

Product assault, stop this it goes against their rights

According to the article, how can you guarantee that your talk or speech will be interesting to your audience? Is this good advice? Why or why not? Justify your response.

Answers

Answer:

7 c's of communication

Explanation:

Talk or speech needs to be interesting for audience, to attain the desired goal of communication.

The public communication would be effective & interesting ; if it satisfies 7 c's of communication - Clear, Concise, Correct, Coherent, Complete, Courteous, Considerate.

Communication not satisfying one or many of above C's is likely to be ineffective &, or uninteresting for audience

A new business should be based on an entrepreneur's individual interests because the entrepreneur must...
A. have sufficient confidence to succeed.
B. be willing to take personal responsibility.
C. have enough determination to work alone.
D. dedicate as many hours as needed to the work.
Will mark brainliest!

Answers

Answer:

A.................

Explanation:

look at my pokemon

Answer:

D

Explanation: because i said so but it might not be right

Help Tony evaluate his applicants based on their mean and median credit scores.
a.
Jeff has the highest mean score, but Paula has the highest median score.
b.
Neil has the highest mean score, but Jeff has the highest median score.
c.
Neil has the highest mean score and the highest median score.
d.
Paula has the highest mean score, but Jeff has the highest median score.

Answers

Answer:

b

Explanation:

just took the quiz

Neil has the highest mean score, but Jeff has the highest median score.

What is the difference between a credit score and a credit rating?

Credit ratings are expressed as letter grades and used for businesses and governments. Credit scores are numbers used for individuals and some small businesses. An individual's credit score is based on information from the three major credit reporting agencies, and scores range from 300 to 850.

What is a credit report a credit report is a number representing your creditworthiness?

A credit score is a number between 300–850 that depicts a consumer's creditworthiness. The higher the score, the better a borrower looks to potential lenders. A credit score is based on credit history: number of open accounts, total levels of debt, repayment history, and other factors.

Learn more about credit score here https://brainly.com/question/23024185

#SPJ2

Select the correct answer.
Kruger Trading Inc. buys goods on credit. In which two accounts will the company post this transaction after entering it into the journal?

Answers

Answer:

с. Purchases and Creditors

Multiple choices

A. Goods and Cash

В.Goods and Creditors

с. Purchases and Creditors

D.Purchases and Cash

Explanation:

The purchase account is used to record purchased goods. Accountants and bookkeepers usually do not operate a goods account. When goods are purchased, they increase the purchases account.

Purchased goods are either paid in cash or on credit. Cash purchases reduce cash held in the business and are recorded in the cash account. Credit purchases increase liabilities and are recorded in the creditor's accounts.

When your company pays for a promotional message, that is a form of what?
A. Advertising
B. Public relations
C. Word of mouth
D. Market research

Answers

Answer: advertising

Explanation:

Answer:

A

Explanation:

got it right on Edge

Under the Federal Insurance Contributions Act, where do the funds for Social
Security and Medicare come from?

Answers

Answer:

It is deducted from the workers

Explanation:

All employers are required to deduct social security and medicare taxes from their employees' paychecks. The deducted amounts are remitted to the government through the social security administration authority.

Therefore, the funds for Social  Security and Medicare come from the employees' paycheck. It is the workers who contribute these funds from their income.

Entrepreneurs affect the economic decisions a country makes by:

A. convincing societies to give up their most expensive wants
B. producing useful goods regardless of their demands or scarcity
C. earning consistent salaries that make the economy more stable
D. identifying new ways for people to fulfill their wants and needs

Answers

Answer:

D. identifying new ways for people to fulfill their wants and needs

Explanation:

Entrepreneurs start new businesses in society. They are quick to spot and identify needs and wants in the market. Entrepreneurs establish businesses to provide solutions to these needs and want at a profit.

Entrepreneurs use their creativity to come up with new and unique products that offer solutions to society's problems. They innovate better products and ways of offering services that are friendly and more cost-effective. Entrepreneurship goes hand-in-hand with creativity and innovation.

Is this good advice? “ if you are behind on your loans, but no in ‘ default’. Don’t even talk with your loan companies. Just go talk with your debt settlement


Yes or no

Answers

Answer
Yes!
I think it’s good advice.

If you are behind on your loans, but not in ‘ default’. Don’t even talk with your loan companies. Just go talk with your debt settlement. The advice can be recommended.

What is a loan?

The loan is referred to the amount which an individual borrows from any financial institution at a certain rate of interest which is payable at a later date in order to start any business or any other business work.

Annual percentage yield, or APY, is the abbreviation for the rate of return on an investment that is actually realized after taking into account the impact of investment returns.

Since the cost of borrowing overall is lower, accounts with higher APRs typically have lower rates than those with lower APYs.The difference between APR and APY is greater, and interest compounds more frequently as well, increasing.

Learn more about APR, here:

https://brainly.com/question/14184570

#SPJ2

with examples, differentiate between direct and indirect tax

Answers

. Direct taxes include tax varieties such as income tax, corporate tax, wealth tax, gift tax, expenditure tax etc. Some examples of indirect taxes are sales tax, excise duty, VAT, service tax, entertainment tax, custom duty etc.

Answer:

Direct taxes are non-transferable taxes paid by the tax payer to the government and indirect taxes are transferable taxes where the liability to pay can be shifted to others. Income Tax is a direct tax while Value Added Tax (VAT) is an indirect tax.

please mark me brainliest and follow me my friend.

what are some good jobs for an 15 or 16 year old ?

Answers

Answer:

dog walker,babysitting, fastfood restaurants

Answer:

Babysitter, Newspaper Delivery, Lawn Mowing, Lifeguard, Working Retail, Fast Food Server

Explanation:

what is another name for needs (select all that apply)
fixed expense, varible expense essentail expense, and discretionary expense

Answers

Answer:

essential expense

Explanation:

Needs are the items we must have to survive or accomplish somethings. A need is that thing one cannot afford not to have or things we cannot do without. Food, shelter, and clothing are considered basic needs because, without them, one's survival is threatened.

Needs are, therefore, essential for survival. Any expenditure on needs is an essential expense.

Mark Simpson earns $980 biweekly as a security guard for Albany Med. His group medical insurance costs $7,000 a year. The company pays 90% of the cost of medical insurance. How much is deducted from Marks biweekly paycheck for medical coverage

Answers

Answer:

$26.923

Explanation:

Biweekly payment means payments every 14 days or 2 weeks. One year has 52 weeks. Mark is paid 26 times per year

if the company pays 90% of $7000, then Mark pays 10% of $7000

Mark pays = 10/100 x $7000

=0.1 x $7000

=$700

The amount of $700 is spread over 26 weeks.

Each paycheck, Mark will be deducted

=$700/26

=$26.923 per check

explain fixed capital​

Answers

Answer:

see below

Explanation:

Fixed capital refers to the durable assets required to start and maintain business operations. They are long-term investments such as equipment,  plants and machinery that are used repeatedly over a long time to produce goods and services. The term fixed implies that these assets are not consumed or get diminished in the production process.

Fixed capital comprises tangible assets that are not meant for sale in the current period. They have a useful life of several years, necessitating depreciation techniques to be applied.

Leah has $300 in her checking account and her first bank credit card. She wants to purchase a couch for $250, and Christmas gifts for $200. What are her options? What should she do?

Answers

Answer:

see below

Explanation:

Leah can choose between the following two options.

Option 1:

Leah can withdraw $250 from her checking account and pay for the couch in cash. If she has a debit card on her checking account, she can use it to pay for the couch. The Christmas gift costs less than the couch. She can use a credit card to pay for the gift. Since credit card transactions are debts, she will incur a lower amount of debt.

Option 2:

Depending on her credit card limit, she can pay for the two items on credit. Once the credit statement is generated, she can use the money in her checking account to offset part of the credit card balance.

Answer:

Leah can withdraw $250 from her checking account and pay for the couch in cash. If she has a debit card on her checking account, she can use it to pay for the couch. The Christmas gift costs less than the couch. She can use a credit card to pay for the gift. Since credit card transactions are debts, she will incur a lower amount of debt.

Explanation:

what is judiciary and executive?

Answers

Judiciary is the judicial authorities of a country; judges collectively.
Executive is the person or branch of a government responsible for putting policies or laws into effect.

Which option is an example of labor as a factor of production?
O A. A tree used to make paper
B. An artist painting a picture
O C. A government increasing taxes
O D. An industrial assembly line

Answers

Answer: B

Explanation: An artist painting a picture

An example of labor as a factor of production is  An artist painting a picture. Thus the correct option is B.

What is a factor of production?

The factors of production are referred to as elements or resources that are used in the process of production in order to strengthen the economy of the country. This factor includes land,  labor, capital, machinery, and so on.

An artist refers to an individual who has a keen interest in the artwork. He is a person who creates unique images by using creativity, innovation, colors, knowledge, and an artistic approach.

Labor as a factor of production is considered physical labor involved in producing goods and services. Here the artist is physical labor that is creating painting considered as a factor of production.

Therefore, option B is appropriate.

Learn more about factors of production, here:

https://brainly.com/question/988852

#SPJ5

HELP


An example of soft skils that conveys ideas and influences change.

A.) Personal accountibility
B.) Hard skills
C.) Self-motivations
D.) Communication

Answers

I am pretty sure it is C


What are the two factors used to calculate productivity?
A. Goods produced and number of customers
B. Resources invested and goods lost
C. Goods produced and employees hired
D. Goods produced and resources invested

Answers

Goods produced and resources invested re the two factors used to calculate productivity.

How productivity is measured?

Productivity is measured from different factors in the organization like the profit generate from the sales, number of customer increases, the amount of money invested in the company, the goods that are consumed of sell within span of time and others.

Thus, option D is correct.

For more details about productivity is measured, click here:

https://brainly.com/question/12693045

#SPJ2

Answer:

Goods produced and resources invested

Explanation:

Services’ marketing is not as advanced as products marketing.
true or false

Answers

Answer:

false

Explanation:

Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consider economics an exact science. You may want to consider how economists approach economics to help you explain your answer.

Answers

Answer: See explanation

Explanation:

Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.

It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.

Which of these is a financial service offered to business owners?
A.) Core Competencies
B.) Dividend payments
C.) Insurance
D.) Operational efficiencies

Answers

Answer:

C.) Insurance

Explanation:

Financial services include the services offered by banks, insurance companies, investment houses, real estate brokers, lenders, and finance companies. These services have a commercial aspect of either saving (pooling of resources), borrowing, or investing.

In this list, insurance is a financial service. Insurance is the purchase of protection or cover against risks. Insurance companies undertake to provide financial compensation in the event of loss arising from the risk insured against in exchange for premiums. Insurance companies pool resources together to compensate a member who has suffered a financial loss.

Describe the difference between an idea and a business opportunity.

Answers

An idea isn’t really a proven concept, while a business opportunity is a proven concept you’ll likely make more money or whatever having a business opportunity.

Project: Current Event - Business Ethics
This project will focus on writing about a current event in ethics in the business world. The task is to first find an article that deals with business ethics and then write a summary of the article. In your summary, you should discuss what the ethical issue is and give your opinion of how the issue was handled. During this project, you'll accomplish the following:

Objectives

Find an article that deals with business ethics and write a summary of the article.
Current Event

Directions:

Use the Internet to find an article that deals with ethics in the business world. Once you have found and read your article on business ethics, record your summary using the following format. Upload it below.

Paragraph #1 - Summary of article including the link
Paragraph #2 - How it relates to entrepreneurship
Paragraph #3 - Your opinion of how the issue was handled
Question # 1

Long Text (essay)
Upload your three paragraphs here:

Paragraph #1 - Summary of article including the link
Paragraph #2 - How it relates to entrepreneurship
Paragraph #3 - Your opinion of how the issue was handled

Answers

Answer:

Signs of the boom are everywhere. Over 500 business-ethics courses are currently taught on American campuses; fully 90% of the nation’s business schools now provide some kind of training in the area. There are more than 25 textbooks in the field and 3 academic journals dedicated to the topic. At least 16 business-ethics research centers are now in operation, and endowed chairs in business ethics have been established at Georgetown, Virginia, Minnesota, and a number of other prominent business schools.

And yet, I suspect that the field of business ethics is largely irrelevant for most managers. It’s not that they are hostile to the idea of business ethics. Recent surveys suggest that over three-quarters of America’s major corporations are actively trying to build ethics into their organizations. Managers would welcome concrete assistance with primarily two kinds of ethical challenges: first, identifying ethical courses of action in difficult gray-area situations (the kind that Harvard Business School Lecturer Joseph L. Badaracco, Jr. has described as “not issues of right versus wrong,” but “conflicts of right versus right”); and, second, navigating those situations where the right course is clear, but real-world competitive and institutional pressures lead even well-intentioned managers astray.

The problem is that the discipline of business ethics has yet to provide much concrete help to managers in either of these areas, and even business ethicists sense it. One can’t help but notice how often articles in the field lament a lack of direction or poor fit with the real ethical problems of real managers. “Business Ethics: Where Are We Going?” asks one title. “Is There No Such Thing as Business Ethics?” wonders another. My personal favorite puts it wryly, “Business Ethics: Like Nailing Jello to a Wall.”

Explanation:

Answer:Signs of the boom are everywhere. Over 500 business-ethics courses are currently taught on American campuses; fully 90% of the nation’s business schools now provide some kind of training in the area. There are more than 25 textbooks in the field and 3 academic journals dedicated to the topic. At least 16 business-ethics research centers are now in operation, and endowed chairs in business ethics have been established at Georgetown, Virginia, Minnesota, and a number of other prominent business schools.

And yet, I suspect that the field of business ethics is largely irrelevant for most managers. It’s not that they are hostile to the idea of business ethics. Recent surveys suggest that over three-quarters of America’s major corporations are actively trying to build ethics into their organizations. Managers would welcome concrete assistance with primarily two kinds of ethical challenges: first, identifying ethical courses of action in difficult gray-area situations (the kind that Harvard Business School Lecturer Joseph L. Badaracco, Jr. has described as “not issues of right versus wrong,” but “conflicts of right versus right”); and, second, navigating those situations where the right course is clear, but real-world competitive and institutional pressures lead even well-intentioned managers astray.

The problem is that the discipline of business ethics has yet to provide much concrete help to managers in either of these areas, and even business ethicists sense it. One can’t help but notice how often articles in the field lament a lack of direction or poor fit with the real ethical problems of real managers. “Business Ethics: Where Are We Going?” asks one title. “Is There No Such Thing as Business Ethics?” wonders another. My personal favorite puts it wryly, “Business Ethics: Like Nailing Jello to a Wall.”

What is the matter with business ethics? And more important, what can be done to make it right? The texts reviewed here shed light on both questions. They point to the gulf that exists between academic business ethics and professional management and suggest that business ethicists themselves may be largely responsible for this gap.

Far too many business ethicists have occupied a rarified moral high ground, removed from the real concerns and real-world problems of the vast majority of managers. They have been too preoccupied with absolutist notions of what it means for managers to be ethical, with overly general criticisms of capitalism as an economic system, with dense and abstract theorizing, and with prescriptions that apply only remotely to managerial practice. Such trends are all the more disappointing in contrast to the success that ethicists in other professions—medicine, law, and government—have had in providing real and welcome assistance to their practitioners.

Does this mean that managers can safely dismiss the enterprise of business ethics? No. In the past year or two, a number of prominent business ethicists have been taking stock of their field from within. Much like managers trying to reengineer their companies’ business processes, they have called for fundamental changes in the way the enterprise of business ethics is conducted. And they are offering some promising new approaches of value to both academic business ethicists and professional managers.

What follows, then, is a guide to business ethics for perplexed managers: why it seems so irrelevant to their problems and how it can be made more useful in the future.

The advantages of personal financial planning include:
a. Increased effectiveness in obtaining, using and protecting your financial resources
b. Increased control of your financial affairs by avoiding excessive debt and bankruptcy
c. Improved personal relationships resulting from better communicated financial decisions
d. All of these
e. None of these

Answers

Answer:

d. All of these

Explanation:

Personal financing is the process of organizing and managing an individual or household's income to achieve set financial goals. It involves managing personal finance activities such as income, expenditure, savings, and investments. The primary objective of personal finance is to assist individuals maximize their current incomes and make future plans. As a result, they can achieve both short term and long term goals.

Select the correct answer.
Which technique of advertising shows that multiple consumers use a product to build consumer trust in the procduct

Answers

Answer:

D. Bandwagon advertising

Explanation:

Bandwagon advertising is a type of propaganda advertising technique that is employed to sway the emotions of the audience to get them to purchase a particular product or service simply because many other persons are using such. So, the audience, in a bid to join crowd, they will willingly purchase such product or services on the ground that it is tested and trusted by many users.

For example, a beverage company can make ads about one of their beverage products and tag it, "America's favorite tea". This will give the notion to the target audience that the tea is mostly accepted and used by many Americans, and as such will go ahead to purchase it.

Answer:

D. Bandwagon advertising

Explanation:

The test says the answer is correct got 100%

The _____ is a voice for small business.

SCORE
SBDC
SBA
PLEASE HURRY 15 POINTS AND BRAINLIST TO FIRST PERSON TO ANSWER CORRECTLY

Answers

Answer:

I believe it's the SBDC but I'm not 100% sure tho

Answer:

SBA

Explanation:

its also called NFIB i think

Completed work for a client and sent a bill for 27000 to be paid within 30 days

Pass a journal entry for the above transaction​

Answers

Answer:

See below

Explanation:

This is an ordinary business activity that results in revenue for the company. Revenue for the business will increase by 27000. Revenue is an equity account; there will be a credit entry of 27,000.

The client will pay within 30 days. The account receivables ( assets account) will increase (debit)by 27000.

The journal entry will be

Account receivable  Dr.  27,000

Sales / services account     Cr. 27,000

Which of the following is a common behavior for an active listener?
a.
Look at your notes to make sure they are accurate
b.
Keep track of the number of times the speaker agrees with you
c.
Repeat the speaker’s argument back in new words
d.
Argue against the speaker’s points one at a time

Answers

Answer: Repeat the speaker's argument back in new words

Explanation: It shows that you understood and listened to their whole speech. Understandning is a big part in active listening

Answer:

c

Explanation:

coffee to
growing more
16)
16]
2 TGH are a public limited company which makes sports shoes (trainers). It makes
a variety of designs for the mass market. The mass market is for young people
who want fashionable sports shoes as well as those who play sport. The Directors
segment of customers who have a medical problem with their feet and need
recently decided to target a niche market which is for a particular market
b) Identify two examples of the different markets for TGH products.
c) Identify and explain two reasons why TGH sell to a niche market.
d) Identify and explain two advantages to TGH of segmenting the market
e) Do you think the Directors of TGH were right to target a niche market
or should they have stayed with just a mass market? Justify your answer.
specially designed shoes,
a) What is meant by a 'niche market'?
for sports shoes.
Revision checklist
In this chapter you have learned:
the role of marketing-identifying and satisfying customer needs as well as​

Answers

Answer:

Is this reading then answering questions or....

Explanation:

I dont get the question sry but I'll try to help

Other Questions
STOP RIGHT THERE. Please help me. Is (2,5) a solution to this system of equations?3x + 2y = 16x + 14y = 13yesno Solve:p316=212What Is P? how many total elements are in marble? Mrs. Barnes washed 2 7 of her laundry. Her son washed 1 4 of it. Who washed most of the laundry? How much of the laundry still needs to be washed? Solve this on paper. Then check your work on Zearn. Who washed most of the laundry? anyone know how to do this help A gear ratio is defined as which of the following? aoutput teeth of gear : input teeth of gear binput teeth of gear : output teeth of gear cspeed : torque dtorque : speedHELP Suppose (7, 3) is reflected across the x-axis, and then the y-axis.What will be the new coordinates? plz i want the answer a car traveled 360 miles in 9 hours, what is the average rate of the car miles per hour? hereill give brainliestill report if u steeal i need help with this question...2x + 3 13 What is the common factor of 26 and 38 The image was so strong"What form of figurative language is this? Which detail from The Golem best foreshadows that the Golem may not correctly follow Pearls orders?PEARLAre you the only one who can command him? RABBI LOWI dont know.PEARLYouve taught him tricks? RABBI LOWWell, I didnt think of it that way, but I had to make sure he would listen to my commands.RABBI LOWPlease Pearl, dear Pearl. Theres nothing to worry about.PEARLThat thing . . . what is it?PEARLA mound of clay? Alive? RABBI LOWIll show you. Golem: Come here. hi, back at it agian. i dont think this would be to hard. delta math sucks... i need this asap! Whats the best way to support a claim in an essay?Explain the reasons behind your claim.Include lots of poetic or descriptive language.Create a dialogue between two characters.Ask lots of questions of your readers. Help me on question 4 pls Im giving out brainlest!! Cmo se llama el baile de la Repblica Dominicana? Anybody know the answer to these