Answer:
Option B is correct, revenue has the debit side. But, if the rent is an expense and not a revenue, the rent expence will be on the credit side and the fees earned will be on the debit side,so, for this case, option A will be the correct answer
Explanation:
To close the Journal entry here, with fees earned=$131 and rent revenue=$124, accounts during the year end will be closed with the fees earned account(revenue account) and the expenses are closed by transferring the amount of fees accrued or earned account and expense account to the retained earnings in order to bring the revenue accounts and the expenses accounts balance to zero.
Answer:
Though many aspects of private life and community life differ from culture to culture, in most developed countries business is conducted in more or less the same way?
Successful businesses in developed countries are conducted in more better ways as a result of active policies that allows business to grow also consumers actions at the market are always top-notch which enables suppliers to give more output in order to make more profit
Explanation:
Answer:
b) target markets change over time as consumers drop in or out of the market, and as tastes change.
Explanation:
A target market refers to the customers around whom the marketing efforts are made. These customers are the available market for the business to extend their service to. Such customers possess characteristics similar to each other and are assumed to provide their support to the company. The company too finds the services provided to these customers to be the most profitable area.
Answer:
Entrepreneurship is important, as it has the ability to improve standards of living and create wealth, not only for the entrepreneurs but also for related businesses. Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed.
