D. The actions expected of him or her.
Answer:
d) tax the manufacturing of cigarettes
Explanation:
Taxation imposed by government on the manufacturing of a commodity increases the cost of production and shifts the supply curve of such commodity inward, that is to the left. When the government imposes tax on the manufacturing of cigarettes, the cost of producing cigarettes will increase and that will reduce the supply of cigarettes all things being equal.
Answer:
evaluating the effects of internal resources and core competencies on a firm's potential to gain and sustain a competitive advantage.
Explanation:
AFI stands for the three stages of strategy in order to better the current position of business in market and gain the competitive advantage.
A = Analyse the current capabilities and weaknesses in internal resources and programmes.
F = Formulate a strategy to overcome the weaknesses and achieve the better opportunities by enhancing the effective use of capabilities.
I = Implement the strategy formulated in order to perform better in the market and gain the competitive advantage, in order to gain maximum profit from the business.
Answer:
Yes, if the business is slow, then you can cut short the budget for the office supplies as well as repairs for the next quarters, However, you need to do this intelligently. Like you can abandon commercial office, and work from home if your business permits it. Thus repairs will be reduced in cost, and also the office supplies.
Explanation:
Yes, if the business is slow, then you can cut short the budget for the office supplies as well as repairs for the next quarters, However, you need to do this intelligently. Like you can abandon commercial office, and work from home if your business permits it. Thus repairs will be reduced in cost, and also the office supplies like food which can be prepared on self in home, stationery can be bought for less, electricity cost is reduced as you need to pay now for only one place as your office and home both are same now, and you also save the transportation cost as well.
Also, you can barter business goods and services. Like if you have rented your office, you can provide your services free of cost to the landlord during a bad time in exchange for monthly rent. You can also cut the insurance cost, and also make most out of your time through proper planning. All this is possible. And hence you can reduce the budget for the next quarter for office supplies and repairs certainly.
Answer:
The journal entries are as follows:
(i) On June 1,
Cash A/c Dr. $5,890
To Owner's capital $5,890
(To record the issue of common stock)
(ii) On June 2,
Equipment A/c Dr. $1,240
To Accounts payable $1,240
(To record the purchase of equipment on account)
(iii) On June 3,
Rent Expense A/c Dr. $670
To cash $670
(To record the payment of rent)
(iv) On June 12,
Account receivable A/c Dr. $880
To service revenue $880
(To record the service provided on account)
