Think about the last time you went to get a haircut, permanent, manicure, or other service from a barbershop or hair salon. Discuss the business of a barbershop or hair salon. Name the entities that are the "main things" about this business. Give examples of instances for each entity.

In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. the remaining $24,000 was received in cash from customers. the company incurred operating expenses of $16,600. of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. in addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations.

Grace period is a period of time before the credit card company starts charging late fees.truefalse

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?