Answer:
Explanation:
The journal entry is shown below:
On April 1
Franchise A/c Dr $180,000
To Cash A/c $18,0000
(Being the purchase of a franchise is recorded)
On December 31
Franchise Amortization Fee A/c Dr $13,500
To Franchise A/c $13,500
(Being the franchise amortization fee is recorded)
The computation is shown below:
= $180,000 ÷ 10 years × 9 months ÷ 12 months
= $13,500
Answer:
The British pound
Explanation:
The functional currency of a company is the currency used in the primary economic environment in which the company operates. This means that the company's functional currency is the currency used in the place where the company earns its revenues and pays its expenses. In this case, the company operates in the United Kingdom, therefore its functional currency is the British pound.
Answer:
c) Rick has an external locus of control.
Explanation:
What can challenge Rick in his quest to become a successful entrepreneur is that he has an external locus of control, which occurs when an individual relates events related to their failures or successes to external variables that are not their responsibility, such as fate, luck or bad luck.
The external locus of control can pose a challenge for Rick in the sense that an entrepreneur's success is related to his own personal control and personal efforts to make the business viable and successful in the market. It is necessary for the entrepreneur to understand that there are risks inherent to the business and that a business can work according to their efforts, learning and planning, that is, the entrepreneur and their control and management actions will be responsible for the success or failure of the business, and not just external factors like fate or bad luck.
Answer:
Positioning: The final step is to position your product in a way that will appeal to the needs of your target audience and encourage them to buy your product.
Answer:
d. rational decision making.
Explanation:
Rational decision makers do not expect any boundaries and constraints as they assume the decision should be taken after having all the facts known, as these relate to taking a decision in good faith.
This is basically choosing the best with all the information and understanding.
As here Scott and his partner do not have complete knowledge and understanding of the complexity and technology.
Thus, it hinder there exercise towards making a rational decision.
