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Is it good business practice to always request a W-9?

Yes, unless your business model relies on hiring illegal aliens at low wages.


How does business inventory software benefit the small business?

Businesses depend on the smooth flow of all of it's processes thus inventory software further enables this flow to occur efficiently. Knowing where all your stock is located and indeed the levels of such stock enables the efficient distribution a business relies on.


What Entry will increases liability and revenue?

There is no way to increase Revenue and Liabilities in a single transaction. Another reason for this is the accounting equation.Assets = Liabilities + Owners EquityIn double entry accounting there must be a debit and a credit that equals. You want to "increase" liabilities and revenue with a single entry, this cannot be done because and increase in liabilities relies on a credit entry as does an increase in revenue.Assets maintain a Debit Balance, meaning they increase with a debit.Liabilities maintain a Credit Balance, meaning the increase with a credit.Owners Equity maintains a Credit Balance, increasing with credit.Revenue is an OWNERS EQUITY ACCOUNT and therefore increases with a credit.Say you desired to increase Liabilities $500 and Revenue $500 in a single entry, you couldn't because you'd need to "credit" liabilities $500 and "credit" revenue $500, but you MUST have a "debit" that equals the same amount of credits.


Can you be claimed as a dependent if you are not related?

Yes - a dependant - is anyone who relies on another person to provide them with food and shelter.


Which financial statement would best indicate whether the company relies on debt or stockholders' equity to finance its assets?

Balance Sheet

Related Questions

Google's business model relies on which of the folllowing to generate revenue?

The sale of advertisements


Which relies on prime numbers to generate keys?

Data encryption.


How does Italy generate revenue and sustain its economy?

Italy generates revenue and sustains its economy through a diverse range of industries, including manufacturing, agriculture, tourism, and services. The country is known for its high-quality products such as luxury goods, fashion, and automobiles, which contribute significantly to its economy. Additionally, Italy benefits from its strong tourism sector, attracting millions of visitors each year to its historic sites, beautiful landscapes, and renowned cuisine. The country also relies on exports, particularly of machinery, vehicles, and food products, to generate revenue and support economic growth.


How does Japan generate revenue and sustain its economy?

Japan generates revenue and sustains its economy through various means, including exports of automobiles, electronics, and machinery, as well as tourism, financial services, and investments in technology and innovation. The country also relies on domestic consumption and government spending to drive economic growth. Additionally, Japan has a strong focus on international trade and partnerships to support its economy.


How does South Korea generate revenue and sustain its economy?

South Korea generates revenue and sustains its economy through a diverse range of industries, including technology, automotive manufacturing, shipbuilding, and tourism. The country also relies on exports, particularly of electronics, automobiles, and machinery, to drive economic growth. Additionally, South Korea has a strong focus on innovation and research and development, which helps to maintain its competitive edge in the global market.


Who is a good customer?

A good customer is someone that relies on the business to meet their needs.


How does the local community influence a business?

A business market actually relies on the preferences of consumers in the local community. Whatever the local community may need, the business provides and relies on it to by giving services, products and other goods or commodities the local community consumers need.


What is sam's simple business pholosopy?

He relies on black employees to steal things to sell.


Definition of business writing?

Business writing is a form of professional writing used to convey business ideas. Business writing is often objectively and relies on formal language and factual findings.


Is it good business practice to always request a W-9?

Yes, unless your business model relies on hiring illegal aliens at low wages.


How is secondary sector dependent on primary sector?

Primary>Secondary relies on secondary to buy the output so it can be processed into finished goods Secondary>Primary relies on primary to extract raw materials for them to process Secondary>Tertiary relies on tertiary to distribute their finished goods to consumers/customers Tertiary>Secondary relies on secondary to supply finished goods for them to sell Primary>Tertiary relies on tertiary to distribute and market their goods to both secondary and consumers Tertiary>Primary relies on primary to use their services and thus provide a source of revenue


Who is a reliable mortgage lender?

Mortgage lending is a business and relies solely on its reliability (customer service) to maintain a strong customer base. If mortgage lender is doing business, it is likely that it is reliable.