Answer:
An entrepreneur is a person who finds an economic opportunity in the market, and exploits it for his own benefit and the benefit of his employees and constomers by setting up a firm.
Explanation:
Three characteristic of an entrepreneur:
Opportunity seeking: entrepreneurs "scan" the market, seeking for market niches that have not been exploited.
Work-ethic: entrepreneurship is a difficult task, especially during the first years of the company. It demands very long work hours, and the entrepreneur must be willing to do that in order to be successful.
Risk-taking: entrepreneurs should evaluate risk when taking decisions, but they should not be the most risk-averse indidivuals. They have to take risks in certain situations because otherwise, they would not be able to become entrepreneurs at all.
Answer:
The answer is (A) battery acid cannot be neutralized.
Explanation:
Battery acid <em>can</em> be neutralized. Since battery acid is lower in pH, a person must increase battery acid’s pH so that it would be neutralized. Usually, to do this, people utilizes baking soda since it has a higher pH. Neutral pH is a pH of 7, so one must carefully add the baking soda to the battery acid until when tested, the pH value has arrived at a neutral range.
<span>The adjusting entry required on December 31 is:
Debit Insurance Expense = $2,400 and credit Prepaid Insurance = $2,400.
this is how we calculate this;
Amount paid = $4,800
For months of insurance = 4
from 1st November to 31st December 2 months passed, So;
$4,800 x 2/4 = $4,800/ 2 = $2,400.</span>
Answer:
Year 1= $5,480
Year 2= $5,480
Explanation:
Giving the following information:
Sheridan Chemicals Company acquires a delivery truck for $30,200 on January 1, 2022. The truck is expected to have a salvage value of $2,800 at the end of its 5-year useful life.
Under the straight-line method, the depreciation expense is the same in all of the useful life of the truck.
We need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (30,200 - 2,800)/5= $5,480
Year 1= $5,480
Year 2= $5,480
Answer:
Perceived performance
Explanation:
Perceived perception is the customer's perception about a particular product based on the expectations they had before making purchase.
