+
Why do most businesses fail within the first few...

Why do most businesses fail within the first few...

Rating:
Rating
(0)
Author: Patricia Rhone
Description:

Why do most businesses fail within the first few years? QUESTION 2 If an Accounts Receivable account is not eventually converted into cash, what happens to the amount of money in the account after a pre-determined period of time?

http://homework.plus/why-do-most-businesses-fail-within-the-first-few-years-question-2-if-an-accounts-receivable-account-is-not-eventually-converted-into-cash-what-happens-to-the-amount-of-money-in-the-account-after-a-pre-determined-period-of-time/

QUESTION 1Why do most businesses fail within the first few years? QUESTION 2If an Accounts Receivable account is not eventually converted into cash, what happens to the amountof money in the account after a pre-determined period of time? QUESTION 4Most businesses practice Accrual Base or Cash Base Accounting? QUESTION 5What is the first step when reconciling your cash account/bank statement? QUESTION 6What is the second step when reconciling your cash account/bank statement? QUESTION 7What is the third step when reconciling your cash account/bank statement? QUESTION 8What is the fourth step when reconciling your cash account/bank statement? QUESTION 9How often should a reconciliation of the cash account occur? QUESTION 9How often should a reconciliation of the cash account occur? QUESTION 11According to the Week 6 lecture, how can a business increase sales of the company? QUESTION 12What kind of a fee do you have to pay if you accept credit cards? QUESTION 13What term is used to describe the value of a company has through its reputation? QUESTION 14Would goodwill be considered a tangible or an intangible asset? QUESTION 15What is the equivalent of depreciation for an intangible asset? QUESTION 16What is the equivalent of depreciation for a natural resource? QUESTION 17What are the three items needed to calculate depreciation? QUESTION 18A piece of equipment is purchased for $10,000, has a salvage value of $2,000, and an estimated useful lifeof 4 years. Using the straight-line depreciation method, how much is depreciated per year for the next 4years? QUESTION 19A piece of equipment is purchased for $10,000, has a salvage value of $2,000, and an estimated useful lifeof 4 years. Using the double-declining balance method, how much is depreciated per year for the next 2years? QUESTION 20How does an “Accumulated Deprecation” account get increased; debit or credit? QUESTION 21What are the three levels of the Cash Flow Statement? QUESTION 22What type of income statement separates out the “Gross Margin”, “Operating Income” and “Net Income”? QUESTION 23What does FUTA stand for? QUESTION 24What does FICA stand for? QUESTION 25What amount is income capped at to pay FICA – Social Security Tax on? QUESTION 26What is the term given to the borrower of a bond? QUESTION 27What is the term given to the lender of a bond? QUESTION 28What is the interest rate called which is multiplied by the bond’s face value when issuing pre-determinedpayments to the bondholder? QUESTION 29What is the amount to pay off the bond (debt) when it is more than the face value? QUESTION 30What is the amount to pay off the bond (debt) when it is less than the face value? QUESTION 31What step takes place after the accountant analyzes the transaction (Step 1). QUESTION 32What is the step before the final step (Step 8: Close the Books). QUESTION 33Which financial statement displays how the accounting equation balances? QUESTION 34Are revenue, expense, and withdrawal accounts temporary or permanent accounts? QUESTION 35 Are cash, equipment, accounts payable, and capital accounts temporary or permanent accounts? QUESTION 36The General ___________ is a diary of each specific account from under each component of the accountingequation. QUESTION 37What are the three reports within the Accounting Worksheet? QUESTION 38What is the report called which is the preliminary to the Income Statement and Balance Sheet (it’scontained in the Accounting Worksheet). QUESTION 39What account are the temporary accounts closed out to before everything is taken to Retained Earnings? QUESTION 40What is the most fundamental lesson in which the accounting profession is built off of?


(more)
See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

25 Sophia partners guarantee credit transfer.

221 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 20 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Tutorial