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AnnyKZ [126]
1 year ago
11

Sally Smith decided to start a sea shell business organized as a corporation. Her initial investment in the business consisted o

f $10,000 in cash in exchange for common stock. Record this transaction in the accounting equation of the new business by___________.
Business
1 answer:
saw5 [17]1 year ago
7 0

Answer:

Dr Cash Account and Cr Capital Account

Explanation:

Initial investment  of $10,000 is the capital injected by the owner of the business. This inflow will be credited as an equity capital of the company while the cash balance will be debited as it represent a cash inflow to the business.

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Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were exist325,000 and its yea
Alborosie

Answer:

By how much are customers paying early or late?

  • B) 22.38

Explanation:

Days sales outstanding (DSO) represents the average number of many days it takes a business to collect its accounts receivables.

DSO = (accounts receivables / total credit sales) x 365 days

DSO = ($60,000 / $325,000) x 365 days = 67.38 days

customers are paying late by 67.38 days - 45 days = 22.38 days

8 0
2 years ago
You move 18% of your online checking account balance of $2,525 to your savings account. How much of your checking account did yo
dusya [7]

Answer:

$454.50

Explanation:

18% X $2525 = $454.5

8 0
2 years ago
Uan recently completed 20 years of service in the army. during this time, he managed to save a little money and is entitled to a
bixtya [17]
<span>keep it small, especially in the beginning

Small businesses die when you expand too quickly in the beginning</span>
3 0
1 year ago
Upon taking over the company, CEO Khosrowshahi said, "Rather than ditching everything, I'm focused on preserving what works whil
nata0808 [166]

Answer: b. evidence-based

Explanation:

Evidence based management refers to the use of pragmatism in the making of decisions and basing those decisions on actual evidence.

The new Uber CEO Khosrowshahi, decided to hold meetings with the staff in other to get to find out what they thought was wrong with the company and then using this evidence he decided to preserve what worked and remove what doesn't. He therefore used evidence in his decision.

4 0
1 year ago
Which of the following should be kept in mind when deciding between mac and windows computers?
jenyasd209 [6]

Answer:

A and B

Explanation:

When you own a business you must keep in mind that most employees would rather use a windows computer rather than a Mac as they are less likely to have used them in the past. This would decrease productivity. Additionally one would have to pay for a course teaching them to use Apple computers which is unnecessary. Additionally Windows Computers are largely cheaper. These savings can be reinvested into the business

5 0
2 years ago
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