Answers
i believe ! have a good day
Related Questions
What is the collection of direct, non-advertising messages a company presents to the public about itself, its brand, and its products? A. Sales promotions B. Market research C. Direct marketing D. Public relations Please select the best answer from the choices provided A B C D
Answers
Answer:
Is a D. Public relations
Advise business on the role of intermediaries in the distribution process.
Answers
Intermediaries, in business and marketing, are those that act as a middleman between the producer and the consumer. The role of intermediaries in the distribution process of goods and services is to ensure that products and services are moved from the producer to the consumers.
There are several types of intermediaries in the distribution process, including wholesalers, retailers, agents, and brokers. They play a crucial role in the distribution process in the following ways:
Assist in Sorting and Selection: Intermediaries help producers to sort and select their products, which saves time and money for producers.Assist in Breaking Bulk: Intermediaries buy goods in large quantities from producers and then break them into smaller quantities. This makes it possible for producers to sell their products in smaller quantities, making it possible for consumers to afford them.Helps in Transporting Goods: Intermediaries help in transporting products from producers to consumers by offering transportation services at lower costs. They also assist in the warehousing of goods, which helps in the storage and protection of goods.Assist in Financing: Intermediaries play an important role in financing. They buy goods from producers, hold them, and then sell them to consumers. This helps to reduce the risk of loss for producers by providing cash up front for goods sold. They also offer credit facilities to consumers, which makes it possible for them to buy goods without having to pay cash upfront.Help in Providing Information: Intermediaries help to provide information about products and services to consumers, making it easier for them to make informed decisions. They also help to provide feedback to producers about the quality of their products and services.For more such questions on marketing
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Rose is using her personal budget as a tool to A. plan the best way to spend and save her income. B. plan how to get more income where she works. C. plan the best way to increase her credit rating. D. plan how long it will take her to buy a new car.
Answers
Option A is correct. Rose uses her personal budget as a tool to plan how best to spend and save her income.
Using a personal budget is a tool for managing one's income and expenses, and is an effective way to plan how to spend and save money. By creating a budget, Rose can track her income and expenses, identify areas where she can cut back on spending, and set goals for savings and debt repayment. This can help her make informed decisions about her finances and ensure that she is living within her means. Planning how to get more income where she works, increasing her credit rating, and planning to buy a new car are all important financial goals, but they are not necessarily related to using a personal budget as a tool for managing one's finances.
By setting a budget, you can ensure that you do not run out of money each month. Budgets also help you save money for goals and emergencies.
In the simplest form of creating a personal budget, a person calculates net income, tracks expenses over a period of time, sets goals based on previously gathered information, and develops a plan to achieve those goals. and adjust spending accordingly plan.
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You have a credit card bill from ABC Credit for a total of $3,754. Please group the transactions within the appropriate T-Accounts based on the chart of accounts in your resources section. Within that balance the following transactions are listed:
$420 Office Supplies
$334 Auto (company van payment)
$1500 123 Computers to Go
$250 Electric Company
$100 Water
$150 Good Steak House (company luncheon)
$250 ABC Office Supplies
$100 Fuel Stop
$650 Furniture
Answers
The T-Account can be made as follows with the credit of $3,754. The expenses are deducted from the balance as the total credit available.
What is Expense?Expenses are the costs that are paid by businesses, these costs are incurred for the operations of business. The expenses are paid from the cash/ bank balance available at the business.
It is recommended that the expenses are in a control and are lower than the revenue generated by the business.
T-Account
Operating Expense Account
$420
$250
$100
$250
Petty Expenses Account
$150
$100
Asset Account
$1500
$650
$334
The account are made according to the nature of expenses, there are two expenses that are not to be classified as an expense instead they need to be treated as a capital expenditure that is to be posted in Asset account.
Expenses with one off event and small amount and in general in nature are posted in petty expenses
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What economic challenge comes with being a contingency worker?
A.
It can be hard to predict how much money you will make.
B.
Much of the work comes with a salary and benefits.
C.
It means there are fewer applicants for full-time positions.
D.
There is little protection against unruly members of the public.
Answers
Answer:
answer is d
hope it helps
On the PPC graph above, what do points A, B, and C have in common?
Answers
A, B, and C have the shifting of resources for use in the production of other goods
What is a PPC graph?PPC (Production Possibility Curve) or PFF (Production Possiblity Frontier) is a graphical display that elucidates the idea of opportunity cost; meaning to create more of one object, some level of production of another must be sacrificed.
In this graph, the capability to make two separate items will be featured on both X & Y-axes, while the line delineates the maximum combinations of those given goods that can be likewise produced using all available means and cutting-edge knowhow.
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A new firm is developing its business plan. It will require $565,000 of assets, and it projects $452,800 of sales and $354,300 of operating costs for the first year. Management is quite sure of these numbers because of contracts with its customers and suppliers. It can borrow at a rate of 7.5%, but the bank requires it to have a TIE of at least 4.0, and if the TIE falls below this level the bank will call in the loan and the firm will go bankrupt. What is the maximum debt-to-assets ratio the firm can use
Answers
Answer:
58.11%
Explanation:
Sales = $452,800
Operating costs= 354,300
Operating Income (EBIT) = $98,500
TIE= 4.00
Maximum interest expense= EBIT/TIE= $24,625
Interest rate= 7.50%
Max. debt =Max interest/Interest rate = $328,333
Maximum debt ratio=Debt/ Assets= 58.11%
A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $21,832 representing a loss of $3,248. Determine the amount that would appear in the operating activities section of the statement of cash flows based on this transaction.
Answers
In the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income.
In the indirect method of preparing the statement of cash flows, the operating activities section includes adjustments to net income for non-cash items and changes in working capital. The sale of a fixed asset and the loss incurred from it are both non-cash items that need to be considered.
Since the loss from the sale of the fixed asset is $3,248, this loss is added back to the net income when calculating the operating activities section. This is because the loss is a non-cash expense and does not represent an actual outflow of cash.
Therefore, in the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income. This adjustment would increase the net income by $3,248 in the operating activities section, reflecting that the loss from the sale of the fixed asset does not affect the cash generated or used by the operating activities of the corporation.
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A customer reward program can be useful because it
Answers
Rewards programs are important for brands because they encourage customer loyalty, help track spending patterns, and provide valuable feedback. By offering rewards, brands can foster a sense of community and connection with their customers that goes beyond the simple exchange of goods or services for money
On January 2, Yorkshire Company acquired 29% of the outstanding stock of Fain Company for $440,000. For the year ended December 31, Fain Company earned income of $114,000 and paid dividends of $35,000. Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fain Company.
Answers
Answer:
1. Jan 2 Dr Investment in Fain company stock$440,000
Cr Cash $440,000
2. Dec 31 Dr Investment in Fain company stock 33,060
Cr Income of Fain company 33,060
3. Dec 31 Dr Cash $10,150
Cr Investment in Fain company stock $10,150
Explanation:
Preparation of the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fain Company.
1.Preparation of the entries for Yorkshire Company for the purchase of the stock
Jan 2 Dr Investment in Fain stock$440,000
Cr Cash $440,000
2. Preparation of The journal entry for the share of Fain income
Dec 31 Dr Investment in Fain stock 33,060
Cr Income of Fain company 33,060
(29%* $114,000)
3. Preparation of the journal entry for the dividends received from Fain Company.
Dec 31 Dr Cash $10,150
Cr Investment in Fain company stock $10,150
(29%$35,000)
Which of the following situations involves
professional literature?
An employee borrows an industry magazine
to read a story about a new machine in his
department.
An employee is coached by a supervisor on
a new machine in his department.
An employee takes an online course about a
new machine in his department.
Answers
Answer:
An employee borrows an industry magazine
to read a story about a new machine in his
department.
Explanation:
The difference between a firms current assets and current liabilities is known as the
Answers
Answer:
Working capital
Explanation:
Working capital, also called net working capital, represents the difference between a company's current assets and current liabilities.
The difference between a firm's current assets and current liabilities is known as its "working capital." Working capital is a measure of a company's short-term financial health and represents the funds that are available to finance the day-to-day operations of the business.
Current assets include cash, accounts receivable, inventory, and other assets that are expected to be converted into cash within one year or within the normal operating cycle of the business, whichever is longer. Current liabilities, on the other hand, include accounts payable, short-term loans, and other obligations that are due within one year or within the normal operating cycle of the business. Therefore, working capital is calculated by subtracting current liabilities from current assets: Working Capital = Current Assets - Current Liabilities
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How do credit
scores play a role
in the inequity (a
lack of fairness
or justice) that
exists in our
society?
Answers
Answer: In response to aggressive marketing by the “big three” multinational credit bureaus – Equifax, Experian and TransUnion – employers, landlords and insurance companies now use credit reports and scores to make decisions that have major bearing on our social and economic opportunities. These days, your credit history can make or break whether you get a job or apartment, or access to decent, affordable insurance and loans. Credit reports and scores are not race neutral. Rather, they embed existing racial inequities in our credit system and economy – to the point that a person’s credit information serves as a proxy for race. For decades, banks have systematically redlined black and Latino neighborhoods, refusing to make conventional loans or locate branches in non-white and lower-income areas, notwithstanding laws that obligate banks to meet the credit needs of all communities they serve, consistent with safe and sound banking operations. Thanks to financial services deregulation and the advent of asset-backed securitization, a multi-billion dollar “fringe” financial system has filled the void, characterized by high-cost, destabilizing products and services, from payday loans to check-cashers – which banks typically also own or finance.
Explanation:
Freedom of enterprise Multiple Choice in a market system means that entrepreneurs can obtain and use economic resources without any legal restraint. refers primarily to the right of consumers to purchase what they want. allows businesses, within broad limits, to choose what goods to produce. is a characteristic that is common to most economic systems.
Answers
Answer: allows businesses, within broad limits, to choose what goods to produce
Explanation:
Free enterprise also referred to as the free market is a form of economy whereby prices, services and products, are determined by the market, and not the government. In free enterprise, the susinesses and services are free from the control of the government.
Things that are free means they are unconstrained, while a business means an enterprise. Therefore, the free enterprise is an economy whereby the businesses are free from the control of the government.
What are some reasonable steps to take? Choose
three correct answers.
Contact the seller again, including images of pages
that are in less than "fine" condition.
Immediately file a police report to gain an
advantage over the seller.
Consult the online auction's dispute-resolution link.
Write a negative review rather than trying to deal
with the seller directly.
If the site has a money-back guarantee, consider
simply returning the item.
Answers
Consult the online auction's dispute-resolution link.
If the site has a money-back guarantee, consider simply returning the item.
Even though the goal of a firm is to create wealth for its shareholders, there are times when ethical or strategic considerations outweigh the profit incentive, causing managers to reject investments with positive net present values. T/F
Answers
True. Even if a business's main goal is to maximize profits for its shareholders, there are occasions when ethical or strategic considerations trump the financial one, forcing management to forgo deals with good net present values.
Is a company's main goal to maximize profits or the wealth of its shareholders?The company's top priority is consistently increasing shareholder wealth, which produces earnings to increase the dividends paid on each ordinary share. A sign of greater shareholder wealth is the higher price of shares traded on the stock market.
Is it always morally right for a business to attempt to maximize profits for its shareholders?A corporation's desire to increase profits for the benefit of its stockholders is not always morally good. For some businesses, a commitment to morality is insufficient to boost earnings. For tiny enterprises or organizations that are dealing with particular issues, ethics is insufficient.
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a) Depreciation on the company's equipment for 2017 is computed to be $16,000.
b) The Prepaid Insurance account had a $9,000 debit balance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of the company’s insurance policies showed that $900 of unexpired insurance coverage remains.
c) The Office Supplies account had a $540 debit balance on December 31, 2016; and $2,680 of office supplies were purchased during the year. The December 31, 2017, physical count showed $637 of supplies available.
d) One-fourth of the work related to $11,000 of cash received in advance was performed this period.
e) The Prepaid Insurance account had a $5,100 debit balance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of insurance policies showed that $4,200 of coverage had expired.
f) Wage expenses of $5,000 have been incurred but are not paid as of December 31, 2017.
Prepare adjusting journal entries for the year ended (date of) December 31, 2017, for each of these separate situations.
Answers
Answer:
Adjusting Journal Entries:
a) Debit Depreciation Expense - Equipment $16,000
Credit Accumulated Depreciation - Equipment $16,000
To record depreciation charge for the year.
b) Debit Insurance Expense $8,100
Credit Insurance Prepaid $8,100
To record insurance expense for the year.
c) Debit Office Supplies Expense $2,583
Credit Office Supplies Account $2,583
To record office supplies used for the year.
d) Debit Deferred Revenue $2,750
Credit Service Revenue $2,750
To record revenue for work done this period.
e) Debit Insurance Expense $4,200
Credit Prepaid Insurance $4,200
To record insurance expense for the year.
f) Debit Wages Expense $5,000
Credit Wages Payable $5,000
To record unpaid wages as of December 31, 2017.
Explanation:
Adjusting journal entries are entries made in the journal to accrue expenses and revenue in line with the accrual concept and the matching principle of U.S. GAAP. The concept and principle require that expenses and revenue are matched in the period they were incurred and not when they were actually paid for or received.
(20) points
What could be the most likely result of Andrew offering credit facility to his customers?
A.
higher business losses
B.
lesser number of customers
C.
sell his goods below the market rates
D.
more competition
E.
customer loyalty
Answers
Answer:
you lied about the points but I'll be nice E
1) using information in this case study , estimate Mylans yearly profit.Do not include opportunity cost and assume families do not use discounts or coupons
2) 2. (1 point) Again, use information in this case study. Assume that the cost to develop the Epi-Pen was the average cost to bring a new drug to market, and that every Epi-Pen is sold at full price. At a price of $600 per two-pack, how many two-packs would be necessary to recoup the costs? What about a price of $100 per two-pack?
3) (1 point) What might cause Mylan to reduce the price of the Epi-Pen?bu
Answers
its 200
Explanation:
600-100=500-2=498 600+100=700-2=798 798-498= 200
in a 3 - 4 page essay, discuss warren Buffett's approach to business dealings, especially as they relate to business ethics.
Compare that approach to Benie Madoff's.
Apply ethical philosophies that you have learned about in this module and state which you think apply to Mr. Buffett.
Which ethical philosophies apply to Mr. Madoff? Why?
Answers
In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.
Here are the steps to be followed:
1. Introduction:
2. Warren Buffett's Approach to Business Dealings and Business Ethics:
Explain Warren Buffett's overall approach to business dealings.Discuss his stance on business ethics, emphasizing any specific principles or values he adheres to.Provide examples or case studies that demonstrate Buffett's ethical decision-making in his business practices.Discuss the impact of his ethical approach on his reputation and long-term success.3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:
Describe Bernie Madoff's approach to business dealings, specifically in relation to ethics.Highlight any unethical practices or actions committed by Madoff, such as his infamous Ponzi scheme.Compare and contrast Madoff's approach to Buffett's approach, pointing out the key differences in their ethical standards and behaviors.Discuss the consequences of Madoff's unethical actions, including the financial losses and damage to investors.4. Application of Ethical Philosophies to Warren Buffett:
Introduce the ethical philosophies that you have learned in the module.Identify which ethical philosophies apply to Warren Buffett based on his approach to business dealings.Explain why you believe these philosophies are applicable and provide supporting evidence or examples from Buffett's actions or statements.Discuss the implications and benefits of Buffett aligning with these ethical philosophies.5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:
Analyze the ethical philosophies that can be applied to Bernie Madoff's actions.Discuss which ethical philosophies are relevant to understanding Madoff's unethical behavior.Provide justifications and explanations for the selected ethical philosophies, considering how they align with Madoff's actions or motivations.Reflect on the consequences of Madoff's departure from ethical principles.6. Conclusion:
Summarize the key points discussed in the essay regarding Warren Buffett's approach to business dealings and ethics, as well as the comparison to Bernie Madoff.Emphasize the importance of ethical decision-making in business and the long-term implications it can have.Offer any final thoughts or insights on the topic.Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.
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The first step in the decision-making process requires you to do what?
Identify the decision that needs to be made and determine the desired goal.
Set aside some time to reflect on your career path.
Chart the decisions your competitors have made in the past three years.
Create a survey and send it to everyone in your company.
Answers
Answer:
think.....all you have to do is think XD
but in all honesty the answer is a determine your descision
The activities involved in buying and selling goods on a large scale is___
Answers
Answer:
indenstry
Explanation:
this is the answer to this question
Devin graduated with an associate degree in web development. By
increasing his education, what is Devin less likely to experience?
Select the best answer.
Answers
By increasing his education, Devin is less likely to experience limited career opportunities.
Obtaining a higher level of education beyond an associate degree can significantly broaden Devin's prospects in the job market. Higher education, such as a bachelor's or master's degree, provides individuals with a more in-depth knowledge base, enhanced skills, and a broader understanding of their field.
With a higher level of education, Devin is likely to have access to a wider range of job opportunities. Many employers prefer candidates with advanced degrees for positions that require specialized knowledge and expertise. Devin's increased education can make him a more competitive candidate and open doors to higher-level roles with greater responsibilities and potential for career advancement. Additionally, higher education can lead to higher earning potential. Research consistently shows a positive correlation between educational attainment and income levels, with individuals holding advanced degrees often earning higher salaries compared to those with lower levels of education.
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Dylan is a manager at a leading consumer electronics company. In his role, he must frequently interact with industry partners and customers. One day, Dylan met with a customer of one of his company’s custom products. The custom product was a special chip for an electronic appliance that was currently in its final stages of review before market release. During the meeting, the customer wanted to know the method of making the chip, a process which was not specified in the given datasheet. The client claimed this information was needed to ensure that the chip would function properly when it was integrated with electronic appliances.
At first, Dylan was uncertain. He wanted to give his customer more details if it was for the benefit of his client’s final product, but, at the same time, was concerned because the requested information was protected under his company’s non-disclosure agreement (NDA).
Dylan decided to discuss the matter with his supervisor; however, Dylan’s manager was overseeing many projects and, knowing that Dylan was capable and experienced, entrusted him to take care of the situation. When he returned to work the next day, Dylan received an email from his customer. The message stated that, if the chip’s manufacturing methodology was not disclosed, the customer would cease further investments in the product.
Shocked, Dylan believed that if the customer could not abide by the NDA, he should tell the contract should be broken off. However, doing so would mean losing a significant amount of profit they had intended on garnering from selling the chip. On the other hand, sharing confidential information with his customer could cause negative repercussions, especially if his company were to discover the legal breach.
Although it is highly unlikely that the extra chip information would be used by Dylan’s client for malicious purposes, its disclosure co uld potentially affect his company’s reputation, lead to mistrust in the company and compromise Dylan’s position. What should Dylan do?
Question :
write the three different senarious describing what Dylan might do if he applied each of the three frameworks. More specifically decribe Dylan action if he applied the utilitarianism, the principle-based, and the virtue-based models.
Answers
As the customer is pestering Dylan to reveal the Chip information to him, then, by virtue of upholding the non-disclosure agreement, Dylan should void the contract and move on.
What is a non-disclosure agreement?This refers to the contract by which both parties agree not to disclose confidential information that they have shared with each other as a necessary part of doing business together.
In a legal contract, the non-disclosure agreement creates the legal framework to protect ideas and information from being stolen or shared with competitors or third parties.
The act of violating the non-disclosure agreement leaves a party open to lawsuits from the employer and could be required to pay financial damages or legal costs.
Because the customer pestered for revealing the Chip information to him, then, by virtue of upholding the non-disclosure agreement, Dylan should void the contract and move one.
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Challenges in managing human resources have evolved due to changing demographics affecting the workforce. Describe how demographic changes such as diversity, the aging population, worker expectations, ethics, and social responsibility affect the management of human resources.
Answers
Answer:
what I'm confused
Explanation:
i don't know
How would you approach this using the excel functions of pv and pmt?
Here's the question:
You want to accumulate $1 million by your retirement date, which is 25 years from now. you will make 25 deposits in your bank, with the first occurring today. The bank pays 8% interest, compounded annually. You expect to receive annual raises at 3%, which will offset inflation, and you will let the amount you deposit each year also grow by 3% (i.e, your second deposit will be 3% greater than your first, the third will be 3% greater than the second, etc.) How much must your first deposit be if you are to meet your goal.
Answers
To approach this using Excel functions, we can use the PV (present value) and PMT (payment) functions to calculate the amount of the first deposit. Here are the steps:
1. Calculate the future value of the $1 million using the FV (future value) function:
=FV(8%, 25, 0, -1000000)
This returns a value of $4,660,962.91, which is the amount that will accumulate in 25 years at 8% interest.
2. Calculate the present value of the future amount using the PV function:
=PV(8%-3%, 25, -1*FV(8%, 25, 0, -1000000), 0, 1)
This returns a value of $1,257,407.11, which is the amount that needs to be deposited today to accumulate to $4,660,962.91 in 25 years at 8% interest with 3% annual raises.
3. Calculate the payment amount using the PMT function:
=PMT(8%, 25, -1*PV(8%-3%, 25, 0, 1257407.11, 1), 0, 1)*(1+3%)
This returns a value of $68,527.78, which is the amount of the first deposit.
So, the first deposit should be $68,527.78 to accumulate $1 million in 25 years with 8% interest, 3% annual raises, and 3% increase in deposit each year.
The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and the House-Mate for residences. Budgeted and actual operating data for the year 2017 were as follows: Static Budget Victor House-Mate Total Number sold 20,000 80,000 100,000 Contribution margin $4,600,000 $15,200,000 $19,800,000 Actual Results Victor House-Mate Total Number sold 21,500 64,500 86,000 Contribution margin $6,665,000 $14,190,000 $20,855,000 What is the total sales-mix variance closest to in terms of the contribution margin
Answers
Answer:
The Fortise Corporation
The total sales-mix variance closest to $1,055,000 in terms of the contribution margin.
Explanation:
a) Data and Calculations:
Static Budget Victor House-Mate Total
Total Number sold 20,000 80,000 100,000
Contribution margin $4,600,000 $15,200,000 $19,800,000
Actual Results Victor House-Mate Total
Number sold 21,500 64,500 86,000
Contribution margin $6,665,000 $14,190,000 $20,855,000
Variance
Number sold 1,500 F 15,500 U 14,000 U
Contribution margin $2,065,000 F $1,010,000 U $1,055,000 F
If the points on a scatterplot fall on a nearly straight line sloping upward, what do the two variables have? Explain your reasoning.
________________________________
Choose the correct answer below.
A.A strong positive correlation. A positive correlation is when both variables increase or decrease together, and a strong correlation is when the two variables lie close to a straight line.
B.A strong positive correlation. A positive correlation is when both variables increase together, and a strong correlation is when the two variables lie exactly on a straight line.
C.No correlation. The given information does not indicate a relationship between the two variables.
D.No correlation. There is only a correlation between two variables when one variable decreases while the other increases.
E.A weak negative correlation. A negative correlation is when both variables increase or decrease together, and a weak correlation is when the two variables lie close to a straight line.
F.A weak negative correlation. A negative correlation is when both variables increase together, and a weak correlation is when the two variables lie exactly on a straight line.
Answers
Option A is correct. Strong positive correlation. A positive correlation is when both variables are increasing or decreasing together, and a strong correlation is when the two variables are close to a straight line.
A positive correlation is a relationship between two variables that run in parallel. In the same direction. A positive correlation occurs when one variable decreases when the other variable decreases, or when one variable increases while the other variable increases. Since these two different variables are moving in the same direction, they are theoretically subject to the same external force.
A positive correlation is when one variable tends to decrease when the other variable decreases, or when one variable tends to increase when the other variable increases.
In finance, correlations are used to describe how individual stocks perform in relation to the broader market.
A beta of 1.0 represents a stock that correlates perfectly with the S&P 500. Values above 1.0 represent stocks with higher volatility than the S&P 500, while lower values represent stocks with lower volatility.
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A debit to either the drawing account or a(n)_______account will cause a decrease in the owner's equity of a business.
Answers
A drawing account is primarily used for sole proprietorships or partnerships that are taxed as such.
How does a drawing account function?
A drawing account is a ledger that tracks money and other assets withdrawn from a business, usually a sole proprietorship or a partnership, by its owner(s).A drawing account acts as a contra account to the business owner’s equity; an entry any debits to the drawing account will be balanced by a credit to the cash account in the same amount.Drawing accounts work year to year: An account is closed out at the end of each year, with the balance transferred to the owner’s equity account, and then reestablished in the new year.To learn more about sole proprietorship refer to:
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Which professionals would most likely use heavy equipment and specialized Tools in their line of work
Answers
Answer:
Firefighters, Police, Construction, e.t.c.
Explanation:
I hope this helps!! I apologize if wrong!