In what journal would the following transactions be recorded? (Assume that a two-column sales journal and a single-column purchases journal are used.) a. Cash received from signing a note payable. b. Investment of cash by the owner of the business. c. Closing of the expense accounts at the end of the year. d. Purchase of merchandise on account. e. Credit received for merchandise purchased and returned to supplier. f. Payment of cash on account due a supplier.

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

Who owns a renter-occupied apartment? a. the government b. a landlord c. the resident d. a cooperative

Legal requirements, suppliers and distributors, competitors, and market profiles are contained in the element of your business plan. a. introduction b. operating plant c. industry d. business information