Answer:
The answer is A. A Self employed person
Explanation:
An entrepreneur is a creative and innovative individual that generates idea and new invention and takes risk relating to a business entity with the hope that it will yield profit.
An entrepreneur manages a business enterprise with usually considerable initiative or risk. Entrepreneurs are self employed and own their business enterprise and bring new products and services to the market by seizing opportunities.
From the explanation of who an entrepreneur is the best possible option is A. A Self employed person
Answer:
Expensre for the year is $205
Explanation:
The cosumable equipment which offices uses regularly for professional working writing recording etc. Company holds it's inventory and record it transactions in office supplies account.
Beginning Supplies = $0
Purchases for the year = $290
Supplies at December 31 = $85
As we know
Ending Balance = Beginning Balance + Purchases - Expense for the period
$85 = $0 + $290 - Expense for the period
$85 = $290 - Expense for the period
Expense for the period = $290 - $85 = $205
<u>Answer:</u> The amounts have to be determined using fair value for plant and equipment and for long term debt.
<u>Explanation:</u>
Fair value method is based on the market price of the asset. The historical value of the assets is not used to consider the sale price of the asset. Fair value is where Company J and Company K both the parties have to accept the price based on the known facts of the assets.
Company J and Company K should both accept the price out of free will and should not be out of compulsion. Company J can report based on the financial statement fair value of the assets and long term debt.
The answer would be 50%.
I hope this helps!
Answer:
The correct answer is letter "E": benchmarking.
Explanation:
Benchmarking refers to a study a company makes of the best performers of its industry in an attempt to identify their strategies so they can be compared to the ones of the firm conducting the research. The comparison aims to spot improvement areas and to adapt the good practices according to the business operations. Benchmarking should be conducted periodically by institutions that attempt to keep up to the pace of leading competitors.
