When he read chicken soup from the soul, joe farmer was struck by how many of the stories mentioned the scent of the islands. so farmer created bottles filled with hawaiian air and some scented essence beads. when customers shake the bottles up and open the lids, they're transported back to paradise. while many marketing experts did not think that consumers would buy bottles of air, farmer has earned more than half a million dollars of sale during his first year of operation. farmer was an example of a entrepreneur.

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

What are six resources for you decide which type of business to start and how to start it?