Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 5.2, Problem 1CC
Describe the personality traits and skills characteristic of successful entrepreneurs.
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What is the amount of cost of goods sold?
Please provide the answer to this general accounting question with proper steps.
A corporation purchases land and a warehouse on the land. The land is appraised at $150,000, and the warehouse at $250,000. If the cost of the property is $380,000 in total, then the portion of the cost allocable to the land is _____.
Chapter 5 Solutions
Introduction to Business
Ch. 5.1 - Describe several types of entrepreneurs.Ch. 5.1 - What differentiates an entrepreneur from a...Ch. 5.1 - What are some major factors that motivate...Ch. 5.2 - Describe the personality traits and skills...Ch. 5.2 - What does it mean when we say that an entrepreneur...Ch. 5.3 - What are three ways small businesses can be...Ch. 5.3 - What social and economic factors have prompted the...Ch. 5.4 - How can potential business owners find new...Ch. 5.4 - Why is it important to develop a business plan?...Ch. 5.4 - What financing options do small-business owners...
Ch. 5.5 - How does the small-business owner's role change...Ch. 5.5 - How does managing a small business contribute to...Ch. 5.5 - What are the benefits to small firms of doing...Ch. 5.6 - Why are small businesses becoming so popular?Ch. 5.6 - Discuss the major advantages and disadvantages of...Ch. 5.7 - What is the Small Business Administration (SBA)?Ch. 5.7 - Describe the financial and management assistance...Ch. 5.8 - What significant trends are occurring in the...Ch. 5.8 - How is entrepreneurial diversity impacting small...Ch. 5.8 - How do ethics impact decision-making with...Ch. 5 - As the owner of a small factory that makes plastic...Ch. 5 - What characteristic made Vic Ahmed a successful...Ch. 5 - How did their Ahmed and Steven Case's partnership...Ch. 5 - Is focusing on smaller cities rather than areas...
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Similar questions
- Please provide the accurate answer to this general accounting problem using valid techniques.arrow_forwardFor the current fiscal year, Purchases were $380,000, Purchase Returns and Allowances were $12,000, Purchase Discounts were $5,500, and Freight-In was $52,000. If the beginning merchandise inventory was $75,000 and the ending merchandise inventory was $102,000, what is the Cost of Goods Sold (COGS)? Helparrow_forwardA corporation purchases land and a warehouse on the land. The land is appraised at $150,000, and the warehouse at $250,000. If the cost of the property is $380,000 in total, then the portion of the cost allocable to the land is _____. Answerarrow_forward
- Atlas Interiors sold office equipment costing $15,800 with accumulated depreciation of$12,400 for $2,600 cash. The entry to record the sale would include a gain or loss of what amount? Answerarrow_forwardWhat is the full form of "FOF"? a.Flow Of Funds b.Fresh on Funding c.Focus on Funding d.Funding on Forexarrow_forwardFinancial Accounting Questionarrow_forward
- General accountingarrow_forwardI am trying to find the accurate solution to this general accounting problem with appropriate explanations.arrow_forwardAtlas Interiors sold office equipment costing $15,800 with accumulated depreciation of$12,400 for $2,600 cash. The entry to record the sale would include a gain or loss of what amount?arrow_forward
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