<h2>Entrepreneurs will be more likely to build virtual teams than to build brick-and-mortar offices.</h2>
Explanation:
Option A: Entrepreneurs surely depends on social media, but this is true for all the business not only suits given situation. This answer goes invalid.
Option B: Sitting and working in various state alone does not mean that they are doing international business.
Option C: Every organization concentrates on business and economy aspect. The given situation, does not speak anything about school. So this option goes invalid.
Option D: This option is valid. Now the trend is to work in various places and get connected with each other through internet. So it means that the teams are virtual. The teams are not built inside office which is made of brick.
Answer:
the cost of the equipment is $42,979
Explanation:
The computation of the cost of the equipment is as follows:
= Purchase value of an equipment + sales tax on the purchase + other cost incurred + installation cost
= $39,200 + $2,352 + 588 + $657
= $42,979
Hence, the cost of the equipment is $42,979
Answer: d. Net income is part of the computation for ending retained earnings.
Explanation:
In the statement of owner's equity, Retained earnings are calculated and it is done with the Net Income. This is why when the net income is calculated from the Income Statement it is transfered to the SOE and used to calculate Retained Earnings.
Retained Earnings are calculated by the formula,
Ending Retained = Opening Retained Earnings + Net Income (losses) - Dividends
Net income is added to (or subtracted from if it is a Net loss) the Opening Retained earnings balance. Net dividends are also subtracted.
Answer:
Fixed
Explanation:
The government keeps the exchange rate FIXED the the same rate.
The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices which is in terms of entertainment, food, and shopping. Thus, statement B is correct.
<h3>What do you mean by opportunity cost?</h3>
In microeconomic theory, the opportunity cost of a particular activity alternative is the loss of price or advantage that could be incurred through engaging in that activity, relative to engaging in an alternative activity providing a better return in value or advantage.
The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices in terms of entertainment, food, and shopping. Thus, statement B is correct.
Learn more about Opportunity cost here:
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