Answer:
The correct answer is letter "A": maximizing profits is the primary objective of a firm.
Explanation:
Business private ownership mainly focuses on providing a good or service to a specific or diverse market with the ultimate goal of maximizing profits. Revenue is the reason why those companies exist. On the other hand, state property has the objective of protecting jobs and minimizing social issues.
Restaurants, like other businesses,
often find that the best way to succeed in the market is to follow their customer’s
perception and be adaptive to the products that their customers need. The correct answer to the
following given statement above is following their customers.
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Answer:
Jeans
Explanation:
If you look around you are most likely to see more men than women wearing Khakis and most women don't wear button-up shirts
Sneakers are more worn by men.
Answer: Introvert with a high need for power
Explanation: An Introverted individual is one who is considered more thoughtful than social, with a personality more inwardly than outwardly directed and as one who often prefers to have time in non-social situations. Given this, an introvert with a high need for power, however, would be more likely to join the cross-country team, which is an individual sport, rather than the volleyball team (team sport) and want to be captain of the team rather than just be a member.
Answer:
Increase Rent Expense, $4,000; decrease Prepaid Rent, $4,000.
Explanation:
Since Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1, we will calculate monthly rent amount by:
24,000/6 = $4,000
Financial statements are prepared on July 31, so we will adjust the July rent in the adjusting entry.
We will debit the rent expense by $4,000 and credit the prepaid rent which is an asset to decrease it by an amount of $4,000.
