Answer:
The correct answer is bringing some social change or impact.
Explanation:
The businesses work with the motive of profit maximization. The effort of their managers thus is towards earning profit for the firm and its owners.
The nonprofit organizations, on the other hand, are not working for profit. Their motive is not to earn maximum money from their operations. The managers in the nonprofit organization work for some positive changes or impact on society.
Answer:
this promise is enforceable only if it is agreed upon in writing
Explanation:
In the scenario described in the question it can be said that this promise is enforceable only if it is agreed upon in writing. This is because by putting it in writing all details of the contract are displayed for both parties to read/analyze and decide whether they actually want to agree to this agreement/contract or not. Once the contract is signed and agreed upon by both parties it can then be completely enforced because both parties knew exactly what they were getting into at the time of signing.
The government agencies like SBA and farmers' home administration are possible sources of capital. Thus the correct answer is D.
<h3 /><h3>What is capital?</h3>
Capital refers to the total amount of capital assets required to generate goods or services in a business. This amount can be used to start a business, manage daily operations of the business, or grow and extend it.
These institutions the Small Business Administration (SBA), the Farmers Home Administration, the Economic Development Authority, and the Minority Business Development Agency help to provide small businesses with financial assistance in terms of capital and loans and provide training to manage things in the business.
Therefore, option D capital is the correct answer.
Learn more about capital, here:
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Answer:
C.Utilities payable
Explanation:
The items which required adjusting entries are presented below:
a. Unearned subscription revenue
Cash A/c Dr
To Unearned subscription revenue A/c
(Being the amount is collected)
Unearned subscription revenue A/c Dr
To Subscription revenue A/c
(Being the Unearned subscription revenue A/c is recorded)
b. Office supplies
Supplies expense A/c Dr
To supplies A/c
(Being supplies account is adjusted)
The supplies expense is computed by
= Supplies balance + purchase of the supplies - supplies on hand
c. Prepaid rent
Rent expense A/c Dr
To Prepaid rent A/c
(Being the prepaid rent is adjusted)
Since the utilities payable is an accrual expense so no likely required adjusting entry is required at the year end