Answer:
The more advantageous business formation for an entrepreneur is:
A sole proprietorship.
Explanation:
Easy to start and simple to operate is the sole proprietorship, suitable for an innovative entrepreneur. It provides a better option for a low-risk business, with no additional taxation of income. Since an entrepreneur creates a new business, bearing most of the risks and enjoying most of the rewards, the sole proprietorship form of business provides the best starting point before he or she can join with others.
The best and most correct answer among the choices provided by your question is the second choice.
Project x should be used i<span>f the company is using the payback period method and it requires a payback of three years or less.</span>
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To run the business, he outlays $8,000 in cash to cover all the costs involved with running the business, and earns revenues of $150,000. Winston's implicit costs $64,000
<h3>What is implicit costs?</h3>
Any expense that has already happened but isn't always shown or reported as a separate charge is considered an implicit cost. It stands for an opportunity cost that develops when a business commits internal resources to a project without receiving any direct payment in exchange.
For instance, losing out on sales and commissions while training a new employee takes up a day. This opportunity cost, often known as the commission and other pay, is a cost to the employee or trainer.
Explicit costs are distinguished from implicit costs by economists. Out-of-pocket costs including those for labour, supplies, and rent are considered explicit costs, also known as accounting costs. Implicit costs are expenses a company faces without making a direct financial commitment.
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Answer:
$103,680
Explanation:
estimated warrant liablity 3% of unid sold at $144
24,000 x 3% x 144 = $103,680
This will be the expected warranty laiblity for the sales of the period, and also the warranty expense.
warranty expense 103,680
warranty liability 103,680
warranty liability 47,000
inventory 47,000
to record warranty services
(we use inventory because the company use replacement part, those par are represented in inventory account)
<u>Warrant liablity account</u>
beginning balance 26,000
warranty expense 103,680
warrant serviced (47,000)
ending balance 82,680
Answer: C. marginal product of the last worker hired is less than the marginal product of the previous worker hired
This statement is correct because marginal product refers to the increase in the production, when 1 worker is added to the production process. Diminishing marginal returns set in when adding one extra worker increases the production less than the previous worker did.
Explanation:
