BUSINESS HIGH SCHOOL

Net worth is the amount you owe creditors.
a. True
b. False

Answers

Answer 1
Answer:

Answer:

False

Explanation:

Net worth is the amount money from the assets you own minus your debts.

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When you gave your friend a fifty-dollar bill for an iPod, you used money as:A. a standard B. store of valueC. medium of exchangeD. measure of value
The primary financial goal of a corporation is shareholder wealth maximization, which involves maximizing the long-run value of the firm's stock and requires taking a long-run view of a firm's operations. To achieve their financial goals, firms must develop products that consumers want, produce the products efficiently, sell them at prices, and observe laws relating to corporate behavior.a. Apart from their financial goals, companies also focus on a wide number of non-financial goals including maximizing the welfare of their employees, efficiently and fairly serving their customers, and respecting their local community and environment.Select the statement that best completes the following statement: Most managers recognize that being socially responsible is important and generally (but not always consistent) with achieving their financial goals.b. As a result of financial scandals during the past decade, there has been a strong push to improve business ethics. Managers have an obligation to behave ethically, and they must follow the laws and other society-imposed constraints. Most managers recognize that being ethical is consistent with the corporation's primary goal.c. A stock's intrinsic value is an estimate of a stock's "true" value based on accurate risk and return data. It can be estimated but not measured precisely. When a stock's actual market price is equal to its intrinsic value, the stock is in equilibrium. The marginal investor's views determine a firm's actual stock price.
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Identify sources of information and advice about methods and services for managing personal finances

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Retained earnings, equity, term loans, debt, letter of credit, debentures, euro issuance, working capital loans, venture investment, etc. are some of the sources of corporate financing.

What do you mean by Personal Finance?

Personal finance is an essential component of managing your current financial demands as well as future financial planning. Your long-term financial prospects for actions like investing or retirement planning will be greater the sooner you gain control over your personal finances.

A lot of information about a company's financial stability can be found in its financial statements. The Financial Statements of a company can be used to extract the majority of its information. Both its creditors and debtors can provide financial information.

Banking, professional guidance, Financial management, Investment funds, Insurance, Stock Exchange, Instruments of the Treasury or Debt Tax/Audit Consulting are personal finance services.

Therefore, Sources of information and advice about methods and services for managing personal finances are mentioned above.

Learn more about Finance, here;

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Budgeting is the key to manage personal finances. In order to realize budgeting one must be able to determine the importance of savings and manage expenses properly. Proper projection of expenses and savings should also been taken in order to maximize proper budget managing.

Journal entry for goods sold on account rs.8000 ​

Answers

The journal entry is accurately recorded to capture the sale of goods to Rajesh, the cash received through the cheque payment, and the remaining accounts receivable balance.

When goods are sold to Rajesh for Rs 8000, the sales revenue increases. On the debit side, Rajesh's account is debited with Rs 8000 as he owes the business. On the credit side, the Sales account is credited to record the revenue generated from the sale.

Since Rajesh paid Rs 5000 immediately by cheque, the Bank account is debited with Rs 5000 as the business receives cash. Simultaneously, the Accounts Receivable account is credited with Rs 3000, representing the remaining amount that Rajesh still owes.

This journal entry correctly represents the sale, the cash received, and the remaining accounts receivable balance resulting from the transaction with Rajesh. This showcases the proper accounting of the transaction within the business's financial records.

Complete Question:Pass journal entry Goods sold to Rajesh for rs 8000. He paid ruppees 5000 by cheque immediately? Explain.

To know more about Journal Entry, refer to;

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Here's a journal entry for the goods sold on account for Rs.8000:

Accounts Receivable (Debit) - Rs.8000
Sales Revenue (Credit) - Rs.8000

Ways Companies/Organizations can Reduce Stress for their Employees a) Overloading employees with excessive workloads and deadlines b) Creating a toxic work environment with high levels of competition c) Providing wellness programs, flexible work hours, and opportunities for relaxation d) Increasing job demands and eliminating breaks

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