M2-21 Ordering Current Assets and Current Liabilities within a Classified Balance Sheet [LO 2-4] Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created several accounts Balance Description Account Name Accounts Payable Common Stock Equipment Land Note Payable (long-term) Retained Earnings Supplies Salaries and Wages Payable 2,600Payment is due in 30 days 3,800 Includes cash in register and in bank account 36,000 Stock issued in exchange for owners' contributions 46,000 Includes deep fryers, microwaves, dishwasher, etc 21,900 Held for future site of new restaurant 31,000 Payment is due in six years 3,600 Total earnings through September 30 2,000 Includes serving trays, condiment dispensers, etc. 500 Payment is due in 7 days 1. Using the above descriptions, prepare a classified balance sheet at September 30 CHARLIE'S CRISPY CHICKEN Balance Sheet
Answers
Balance Sheet of Charlie's Crispy Chicken as of September 30 Charlie's Crispy Chicken is a fast-food restaurant that operates in the United States. The company's balance sheet for the end of its first year is as follows.
Account Name Balance Description Current Assets Supplies Includes serving trays, condiment dispensers, etc. 2,000 Salaries and Wages Payable Payment is due in 7 days 500 Accounts Payable Payment is due in 30 days 2,600 Total Current Assets 5,100 Equipment Includes deep fryers, microwaves, dishwasher, etc 36,000 Land Held for future site of new restaurant 21,900 Total Fixed Assets 57,900 Total Assets 63,000 Current Liabilities Notes Payable Payment is due in six years 31,000 Salaries and Wages Payable Payment is due in 7 days 500 Accounts Payable Payment is due in 30 days 2,600 Total Current Liabilities 34,100 Long-term Liabilities Note Payable Payment is due in six years 31,000 Total Liabilities 65,100 Stockholders' Equity Common Stock Stock issued in exchange for owners' contributions 46,000 Retained Earnings Total earnings through September 30 2,000 Total Stockholders' Equity (2,000 + 46,000) 48,000 Total Liabilities and Stockholders' Equity 113,100 As a result, the balance sheet of Charlie's Crispy Chicken shows the firm's assets, liabilities, and stockholders' equity at the end of its first year. The total assets of the firm are $63,000, while the total liabilities and stockholders' equity are $113,100. The account name, balance description, and the total amount are included for each account.
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Related Questions
The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.
T or F
Answers
Select a company that you might consider as a strategic partner to business. Make use of previously notes from your chapter readings, and conduct additional research besides your textbook to obtain the information you need to answer the questions below.
Answer the following questions:
1.Dscribe how your company might have started as a sole proprietorship or a partnership. Explain the factors that may have influenced you and the owners to select this form of business organization.
2.If the company becomes a multinational corporation, what benefits and problems will result?
3.Discribe appropriate international opportunities for the company. What products and services would be most appropriate for different geographic regions? What economic, cultural, legal or political influences must the company consider?
4.Which of the methods described in chapter 5, page 126, figure 5-5 would be appropriate for the company to use for international business activities?
5.Explain the possible use of two or more of these methods for getting involved in international business.
Answers
1. To determine whether your company started as a sole proprietorship or a partnership, consider the factors that may have influenced you and the owners. Some factors to consider include the level of control and decision-making authority desired, the availability of financial resources, and the potential liability risks. For example, if you wanted full control over the business and had sufficient resources, you might have chosen a sole proprietorship. Alternatively, if you wanted to share responsibilities and resources, a partnership could have been chosen.
2. When a company becomes a multinational corporation, it can benefit from increased market access, economies of scale, and diversification. These benefits can lead to higher profits and growth opportunities. However, multinational corporations also face challenges such as cultural differences, language barriers, legal complexities, and political instability.
Managing operations in different countries requires effective communication, adaptation to local markets, compliance with regulations, and dealing with currency fluctuations.
3. Identifying appropriate international opportunities for your company involves considering factors such as product suitability, market demand, economic conditions, cultural norms, legal requirements, and political stability. Different geographic regions may have unique preferences and needs, so it's important to customize your products or services accordingly.
For example, a food company might consider introducing region-specific flavors or adapting packaging to local preferences. Additionally, economic factors like income levels and market saturation, cultural norms, legal regulations, and political stability should also be considered.
4. Among the methods described in Chapter 5, page 126, Figure 5-5, the appropriate method for international business activities will depend on various factors, including the company's resources, market conditions, and strategic goals. It may include exporting, licensing, franchising, joint ventures, strategic alliances, or foreign direct investment (FDI).
Each method has its advantages and disadvantages, and the company should carefully analyze which method aligns best with its objectives and resources.
5. Companies can utilize multiple methods to get involved in international business. For example, a company might initially start with exporting to establish a presence in a foreign market. Once they gain familiarity and success, they may consider licensing their technology or entering into a joint venture with a local partner to leverage their expertise and resources.
This approach allows the company to gradually expand its international activities while mitigating risks and capitalizing on opportunities. However, the selection of methods should be based on careful analysis of market conditions, legal requirements, and the company's long-term goals.
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A theory of good character (often called a theory of virtue):(a) aims to identify the virtues and the vices.(b) aims to explain what makes a person overall a morally good or bad person. (c) addresses questions about how to be. (d) takes the category of good agents to be more basic than the category of right action.(e) all of the above
Answers
All of the above s accurately describe what a theory of good character or virtue aims to achieve.
(e) all of the above.
a theory of good character, also known as a theory of virtue, encompasses all the s mentioned. let's break it down:
(a) a theory of good character aims to identify the virtues and the vices. it seeks to define and understand the qualities or virtues that contribute to moral excellence and the vices or negative traits that hinder it.
(b) it aims to explain what makes a person overall a morally good or bad person. a theory of virtue focuses on character traits and their impact on an individual's moral standing, assessing whether someone possesses virtuous qualities that lead to morally good actions or exhibits vices that make them morally bad.
(c) it addresses questions about how to be. a theory of virtue provides guidance on how individuals should cultivate virtuous character traits, develop moral excellence, and live a morally meaningful life.
(d) it takes the category of good agents to be more basic than the category of right action. in virtue ethics, the emphasis is placed on the character of the agent rather than simply determining the rightness or wrongness of specific actions. it asserts that being a good person with virtuous character traits is fundamental to ethical decision-making and leads to morally right actions.
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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
Write a suitable indefinite article before the following words or phrases and write
them again. (Copy the questions)
___heirloom ___astronomer
___ewe ___hotel employee
___honest man ___advocate
___one eyed dog ___awkward moment
___awesome picture ___European tourist
___incompetent employee ___auspicious moment
___humane person ___MLA
___horrible joke ___M. A student
Answers
Answer:
An heirloom, An astronomer
A ewe, A hotel employee
An honest man, An advocate
A one-eyed dog, An awkward moment
An awesome picture, A European tourist
An incompetent employee, An auspicious moment
A humane person, An MLA
A horrible joke, An M. A student
Explanation:
'A', 'an' and 'the' are the three articles that are used in English. They are used before nouns to specify them. 'A' and 'an' are indefinite articles and 'the' is the definite article. The indefinite article is used before the nouns which are not known or which are not identified. The definite articles are used before the identified noun. The indefinite article 'a' is used before the nouns that begin with a consonant sound. The indefinite article 'an' is used before the nouns that begin with a vowel sound.
for a loan, what do you call the amount that you borrow?
Answers
Answer:
principal
Explanation:
How to calculate momentum?
Answers
Answer:
p=mv
Explanation:
the formula for momentum is
p=mv
Answer:
By multiplying mass and velocity
Explanation:
identify two social-economic issues that are applicable to BM. Motivate your answer by quoting from the scenario
Answers
Answer:
Two social-economic issues applicable to BM (Business Management) can be identified based on the scenario provided:
Income Inequality: The scenario mentions that only a few individuals possess the majority of wealth and resources, while the majority struggle financially. This indicates a significant wealth gap, reflecting income inequality within the business environment.
Lack of Access to Opportunities: The scenario implies that some individuals face barriers in accessing opportunities for growth and success in the business field. This could be due to factors such as limited access to education, networking, or capital, resulting in unequal opportunities for business development.
These issues of income inequality and limited access to opportunities highlight the social and economic disparities present within the business management context, emphasizing the need for addressing these challenges to promote a more inclusive and equitable environment.
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What are two similarities between Mixed economy and Traditional economy?
Help please!
Answers
Answer:
where the production and distribution of goods is based on custom and cultural traditionsExplanation: because
what's the volume of the wasted earth from sta. 0 to sta. 50 in cubic yard?
Answers
The volume of wasted earth from station 0 to station 50 is approximately 9,444.69 cubic yards.
Let's assume that the cross-sectional area of the excavation is 500 square feet at each station, and the average depth of excavation is 10 feet.To calculate the volume of wasted earth at each station, we can use the formula:
Volume = cross-sectional area x average depth
Volume = 500 square feet x 10 feet
Volume = 5,000 cubic feet
To convert the volume from cubic feet to cubic yards, we need to divide the volume by 27 (since there are 27 cubic feet in a cubic yard). Therefore, the volume of wasted earth at each station is: Volume = 5,000 cubic feet ÷ 27, Volume = 185.19 cubic yards.To calculate the total volume of wasted earth from station 0 to station 50, we need to add up the volumes at each station. Assuming there are 51 stations (including station 0 and station 50), the total volume of wasted earth is:
Total volume = 185.19 cubic yards x 51 stations. Total volume = 9,444.69 cubic yards
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Which of the following actions is NOT prohibited by the New Jersey Real Estate Commission rules?
A. Holding a deposit for thirty days before depositing it in a trust account.
B. Firing a new salesperson who did not achieve specific sales goals.
C. Routinely destroying agency records every four years.
D. Hilding a drawing for a television among persons attending an open house.
Answers
The action that is NOT prohibited by the New Jersey Real Estate Commission rules is: Holding a drawing for a television among persons attending an open house. (option D)
The New Jersey Real Estate Commission rules may have specific regulations and guidelines that real estate professionals must follow to ensure ethical conduct and protect the interests of buyers, sellers, and the general public. However, holding a drawing for a television among persons attending an open house is not explicitly prohibited by these rules.
A. Holding a deposit for thirty days before depositing it in a trust account: This action may be prohibited or regulated by the New Jersey Real Estate Commission rules as it pertains to the handling and depositing of funds.
B. Firing a new salesperson who did not achieve specific sales goals: Firing a salesperson based on performance may not be explicitly prohibited by the New Jersey Real Estate Commission rules, but it is subject to employment laws and regulations governing employment contracts and termination practices.
C. Routinely destroying agency records every four years: This action may be prohibited by the New Jersey Real Estate Commission rules or other applicable laws or regulations.
Therefore, the correct answer is option D.
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Suppose that both of the events you have just analyzed are partly responsible for the increase in the price of calzones. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of calzones?.
Answers
The dominant cause of the rise in the price of calzones may be the increased shift in demand relative to the shift in supply.
What happens when supply is less than demand?This is an economic situation where there is an imbalance, generating an increase in prices, since when there is greater demand for a product than companies offering it, it means that consumers are more likely to pay more prices for a product that is in a position of scarcity.
Therefore, a balance between supply and demand must be achieved to generate a stable situation in price and quantity levels.
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the costs for holding raw land for investment purposes would not include group of answer choices opportunity costs. taxes. mortgage payments. depreciation.
Answers
The costs for holding raw land for investment purposes would not include depreciation. Option D
A) Opportunity costs: Opportunity costs refer to the potential return or benefit that is forgone by choosing one investment or use of funds over another.
When holding raw land for investment, there may be opportunity costs involved, such as the potential returns that could have been earned by investing the funds in other assets. Therefore, opportunity costs can be considered as a relevant cost in this context.
B) Taxes: Taxes are an essential cost associated with holding raw land for investment. Property taxes are typically levied by the local government and are based on the assessed value of the land. Landowners are responsible for paying property taxes, and failure to do so can result in penalties or even loss of the property.
C) Mortgage payments: If the land was purchased using borrowed funds, mortgage payments would be an additional cost incurred by the landowner. Mortgage payments consist of principal and interest and are required to be made periodically as per the terms of the loan agreement.
D) Depreciation: Depreciation is the reduction in the value of an asset over time due to wear and tear, obsolescence, or other factors. However, raw land is typically not subject to depreciation as it is considered a non-depreciable asset. Land is often valued based on its location and potential for future development, rather than its physical condition. Option D
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what is meant by business
Answers
Answer:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.
Which contract type provides the buyer with more flexibility to
make changes?
A
Request for Proposal
B
Time and materials
C
Fixed Price
D
Cost Reimbursable
When a share ratio is specified as part of t
Answers
The contract type that provides the buyer with more flexibility to make changes is the Time and Materials (T&M) contract. In a T&M contract, the buyer pays the supplier based on the actual time and materials spent on the project, plus an agreed-upon profit margin.
The T&M contract offers flexibility because it allows the buyer to make changes to the scope, specifications, or requirements of the project during its execution. Since the buyer is paying for the actual time and materials used, they have the ability to modify the project as needed without significant contractual constraints. This flexibility is particularly useful in projects where the requirements may evolve or where there is a need for frequent adjustments.
In contrast, other contract types like Fixed Price or Cost Reimbursable contracts may have stricter limitations on changes. Fixed Price contracts typically have a fixed scope and price, making it more challenging to accommodate changes without additional costs or renegotiations. Cost Reimbursable contracts provide less control to the buyer over costs, as they reimburse the supplier's actual expenses.
Therefore, the Time and Materials contract offers the buyer greater flexibility to make changes during the project's execution, making it a suitable choice when adaptability and evolving requirements are expected.
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Decoder and multiplexer. explain how they are implemented in a
bigger system.
Answers
A multiplexer is a digital device that has multiple inputs and a single output. It is used to select one of several input signals and transfer the selected input to its output line.
A decoder, on the other hand, is a digital device that is used to select one of multiple output lines based on the value of the input signal. Decoders and multiplexers are both critical elements of a digital system and are widely used in communication systems, digital circuits, and computer systems.A decoder and a multiplexer are implemented in a bigger system to enable the system to process information effectively.
A multiplexer is used to choose one of several input signals to be transmitted to its output line. For example, in a digital communication system, a multiplexer can be used to choose one of several data channels to transmit to a remote station over a single transmission line. This reduces the cost of communication and increases the efficiency of the system.In contrast, a decoder is used to select one of several output lines based on the value of the input signal. For example, in a computer system, a decoder can be used to decode the address lines and select a particular memory location for read/write operations.
The decoder's output signals are used to enable the selected memory location and disable the other memory locations.In conclusion, the implementation of a decoder and a multiplexer in a bigger system makes it possible to process and transmit digital signals efficiently. They are essential components of a digital system, and they are used in various applications, including communication systems, digital circuits, and computer systems.
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Which of the following is a limitation in the society economizing problem?
Group of answer choices
a. Budget
b. Resources
c. Government
d. Firms
Answers
The correct answer is Option b. Resources. One of the limitations in the society economizing problem is the availability of limited resources.
Resources are the inputs used to produce goods and services, including natural resources, labor, capital, and technology. These resources are finite and have alternative uses, meaning that they can only be allocated to one activity or purpose at a time. As a result, society must make choices about how to allocate its limited resources efficiently.
This limitation arises because the wants and needs of individuals and society are virtually unlimited, while the resources to satisfy those wants and needs are scarce. This scarcity necessitates trade-offs and decision-making regarding the allocation of resources among competing uses. For example, if resources are used to produce more of one good, it means fewer resources are available for producing other goods.
In conclusion, the limitation of limited resources in the society economizing problem highlights the need for efficient resource allocation and the necessity of making choices to address the competing demands of different goods and services.
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Lemay department store uses the retail inventory method to estimate ending inventory for its monthly financial statements. the following data pertain to one of its largest departments for the month of march 2021:
cost retail
beginning inventory $50,000 $70,000
purchases 217,000 410,000
freight-in 10,986
purchase returns 4,500 7,000
net markups 6,800
net markdowns 4,500
normal breakage 7,000
net sales 290,000
employee discounts 2,800
sales are recorded net of employee discounts.
required:
recompute the cost-to-retail percentage using the average cost method. (round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34%).)
Answers
the cost-to-retail percentage using the average cost method is 55.98%.
To compute the cost-to-retail percentage using the average cost method, we need to calculate the weighted average cost and retail values.
Total cost = beginning inventory + purchases - purchase returns + freight-in = $50,000 + $217,000 - $4,500 + $10,986 = $273,486
Total retail = beginning inventory + purchases + net markups - net markdowns + normal breakage = $70,000 + $410,000 + $6,800 - $4,500 + $7,000 = $488,300
Weighted average cost = total cost / total retail = $273,486 / $488,300 = 0.5598
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Which of the following is NOT a way to sustain product sales?
A. Selling or licensing a product
B. Selling products in regions areas where the customer base is weak.
C. Discounting the product
D. Modernizing or altering the product
Answers
Answer:
The marketing process consists of four elements: strategic marketing analysis, marketing-mix planning, marketing implementation, and marketing control.
Explanation:
Brainly please.?
It should be noted that Selling products in regions areas where the customer base is weak is not a way to sustain product sales.
What is Product sales?Product sales serves as the process of selling a product or service so that the seller can get a return.
Therefore, it is important to sell where there is potential customer and a strong base of customers for more gains.
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Look for _____ in research information showing preferential treatment or consideration regardless of legitimate reasoning.
credibility
relevance
bias
additional sources
Answers
Answer:
bias
Explanation:
bias is the true anwer
ethics in finance demands the consequences of unethical behavior are clear, loss of reputation and trust to monetary penalty and criminal prosecution. effective leaders minimize the temptation toward unethical behavior. why is ethics important in financial management and the individuals responsible?
Answers
Ethics is crucial in financial management and the individuals responsible for it because it ensures that they make decisions that are in the best interest of their stakeholders, such as shareholders, customers, and employees. Unethical behavior can result in severe consequences, such as loss of reputation and trust, monetary penalties, and even criminal prosecution.
Financial management involves making decisions about how to allocate resources and manage financial risks to achieve the goals of the organization. It is important to ensure that these decisions are made ethically and with integrity. The consequences of unethical behavior can be severe and far-reaching. For example, if a financial manager engages in insider trading, they may face criminal prosecution and loss of reputation.
Effective leaders understand the importance of ethics in financial management and take steps to minimize the temptation toward unethical behavior. They create a culture of transparency and accountability, where employees are encouraged to speak up if they observe any unethical behavior. They also ensure that all employees are trained in ethical decision-making and understand the consequences of unethical behavior.
Furthermore, ethics is essential in financial management because it is closely linked to the organization's reputation. A company that is known for its ethical practices is more likely to attract customers and investors who share the same values. On the other hand, a company that engages in unethical behavior may face a loss of trust from its stakeholders, resulting in financial losses and damage to its reputation.
In conclusion, ethics is critical in financial management, and the individuals responsible must prioritize ethical decision-making to ensure the success of the organization. Effective leaders must create a culture of transparency and accountability, where ethical behavior is encouraged and rewarded, and unethical behavior is not tolerated. This way, they can ensure that their stakeholders' interests are protected, and the organization can achieve its goals in an ethical and sustainable manner.
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when CEO robert nardell took over home depot in 2000, there was central control. store managers acted independently and costs were higher than competitors like lowes. nardell changed the culture to focus on central control and cutting costs. to control costs, store managers were not allowed to choose products for local customers. employees os their customer-focused attitudes, and customer service suffered. to repair this , the next CEO, frank blake , sought to restore the "orange apron" culture. what does this example best illustrate?
Answers
Answer:
corporate culture is chosen by senior management in middle managers and employees have little control over it
Explanation:
I believe this is the answer because based off what it said the employees and managers were not allowed to choose products
dane corp. owns stock in seaco corp. for dane and seaco to qualify for the filing of consolidated returns, at least what percentage of seaco's total voting power and total value of stock must be directly owned by dane?
Answers
To qualify for the filing of consolidated returns, Dane Corp. must directly own at least 80% of both Seaco Corp.'s total voting power and total value of stock.
This means that Dane Corp. needs to have a substantial ownership stake and control over Seaco Corp. in order to consolidate their financial statements and tax returns. The 80% threshold ensures that Dane Corp. has significant influence and can effectively manage and make decisions for Seaco Corp. Consolidated returns allow for the aggregation of the financial results of both companies, providing a more comprehensive view of their combined operations and tax liabilities.
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NASA is conducting an experiment to find out the fraction of people who black out at G forces greater than 6. Step 1 of 2: Suppose a sample of 585 people is drawn. Of these people, 274 passed out at G forces greater than 6. Using the data, estimate the proportion of people who pass out at more than 6 Gs.
Answers
The proportion of people who pass out at more than 6 Gs is 0.468.
How to calculate the proportion of people?The percentage of participants in this sample who pass out at G forces greater than 6 is calculated by dividing the number of participants who passed out by the sample size.
No. of people whose sample is drawn = 585
No. of people who passed out at G forces greater than 6 = 274
The proportion of people who pass out at more than 6 Gs = 274/585
= 0.468
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Which of the following choices is associated with socialism?
Karl Mars
free market
private ownership of property
Adam Smith
Answers
Answer:
Karl Mars
Explanation:
Socialism can be defined as an economic, social and political theory which asserts that the method of exchange, distribution, as well as the means of production of goods and services and ownership of properties should be controlled or regulated by the public (government) rather than the private sector. Thus, everyone living in the society has an equal share of the means of production used in producing the goods and services.
Under socialism, key industries are owned or controlled by the government. Some examples of socialist countries are Vietnam, Cuba, China, etc.
Karl Marx was a German sociologist, economist, philosopher, historian, author and political theorist. Marx was born on the 5th of May, 1818 in Trier, Germany and is famously known for his works on communism, socialism, and capitalism.
Karl Mars is the option which is associated with socialism because he believed all of human history was a struggle between rich and poor.
pls help me
1. What is the count number of the statement?
2. Was there any check card activity? If so, how many transactions were there, and what was the total amount?
3. Were there any service charges? If so, what was the total amount?
4. What is the total of all withdrawals (checks, ATM transactions, check card transactions, service charges)?
Answers
Answer:
lol it is du green one lololol dont tell on me
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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enter mia profit/loss for the 2 month
Answers
an investment project provides cash inflows of $710 per year for 8 years. b. what is the project payback period if the initial cost is $4,615?
Answers
Therefore, the payback period for this investment project is 6.5 years. This means that it will take 6.5 years for the project to generate enough cash inflows to recover the initial cost.
The payback period is the length of time it takes for an investment to generate enough cash inflows to cover its initial cost. In this case, the project provides cash inflows of $710 per year for 8 years and the initial cost is $4,615.
To calculate the payback period, we need to divide the initial cost by the annual cash inflows until we get a positive number.
$4,615 ÷ $710 = 6.5 years
Therefore, the payback period for this investment project is 6.5 years. This means that it will take 6.5 years for the project to generate enough cash inflows to recover the initial cost.
It is worth noting that the payback period does not take into account the time value of money or the profitability of the project. It is just a measure of how long it will take to recover the initial cost. It should be used in conjunction with other financial metrics to make informed investment decisions.
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A high school student starts a lawn mowing business . His riding lawn mower cost $1,000; gas for the season is $2,000. He spends $500 for gas driving to and from jobs, $300 for supplies and repairs, and $200 for a trimmer. Each week his 20 customers pays $40 a week for a 20 week season. How much money did he make?
Answers
=$12,000.00 is what he earned
Explanation:
20x40.00=800×20=$16,000.00
16,000.00-$4,000.00 =$12,000.00
A high school student starts a lawn mowing business. He makes a $12,000 profit, of much money. Thus, option (a) is correct.
What is business?
The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.
Determine the given the amount of the mowing business are:
His riding lawn mower cost $1,000.Gas for the season is $2,000. He spends $500 for gas driving to and from jobs.$300 for supplies and repairs. $200 for a trimmer.20 customers pays.$40 a week20 week season.The addition of the $1,000 + $2,000 + $500 + $300 + $200
The amount was the 4000
The week was the 20 × 40
The week was the 800
The week was the 800 × 20
The amount was the 16,000
(16000 – 4000) = 12000
The amount was the mowing business money did the make are $12,000. Therefore, option (a) is correct.
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Your question is incomplete, but most probably the full question was.
He makes a $12,000 profit.He makes a $4,000 profit.He has an $8,000 total cash inflow.He has a $4,000 total cash inflow.