Answer:
Most entrepreneurs are risk-takers by nature, or at minimum calculated visionaries with a clear plan of action to launch a new product or service to fill a gap in the industry. On a personal level, many entrepreneurs take big risks to leave stable jobs to throw their efforts (and sometimes their own money) into launching a business.
Explanation:
For entrepreneurs, there is no guaranteed monthly income, no guarantee of success, and spending time with family and friends can be a challenge in the early days of launching a company. Here are some of the most common risks that every entrepreneur and investor should evaluate and minimize before starting a business.
10 problems Faced by Entrepreneurs in India While starting their business
Financing.
Lack of Planning.
Hiring the right talent.
Effective marketing within a limited budget.
Self-doubt and uncertainty.
Dealing with criticism.
Attractive Customers.
Making Decisions.
In the near run, the firm should keep producing because the price is higher than the average variable cost. In economics, the variable cost per unit is known as the average variable cost. Variable cost is divided by the output to derive the average variable cost.
In the short term, the firm use the average variable cost to determine whether to stop production. The variable cost per unit of total product is known as the average variable cost (AVC) (TP). Divide variable cost at a given total product level by total product to compute AVC. This computation is used to calculate the cost per unit of output.
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When you outsource production, most of the time you are able to have your products produced cheaper. The cost of production in a foreign country is much cheaper because of their minimum wage standards compared to those in America.
<span>c. Cost- Accounting Method</span><span>
I would say is best conveyed through one's immediate supervisor. When one would start working in a company, he is under a supervisor that would be the one to convey the messages from the managers. This is done so that the chain of command will not be broken. Since the employee is already given clear instructions is to who he is supposed to answer to, then work related information should be exchanged by the employee and his immediate supervisor so that there is no confusion. </span>
Answer:
C) debit Rent Expense, $4,000; credit Prepaid Rent, $4,000.
Explanation:
July 1, prepaid rent fro 6 months
Dr Prepaid rent 24,000
Cr Cash
July 31, adjusting entry to record rent expense
Dr Rent expense 4,000
Cr Prepaid rent 4,000
total prepaid rent = 24,000 for six months
after one month, 24,000 / 6 = 4,000 must be recorded as rent expense and prepaid rent must be credited.
