Answer:
Makes a country's output per person rise at a compounded rate.
Explanation:
Modern economic growth has led to compound rate of financial development, or the compound development rate, and the output per person which is measured by GDP per capita. Modern Economic growth has made numerous changes and has helped to improve the output ratio per person. This implies that the speed of development is being doubled by a base that incorporates past GDP development, with substantial impacts after some time.
Answer:
Corrected Trial Balance
Particulars Debit Credit
Cash $10,900
Account receivable $14900 (6700+8200)
Office supplies $2400 (1000+1400)
Prepaid insurance $4100 (300+3800)
Equipment $83000
Account payable $4800 (3400+1400)
Notes payable $45000
Trumball common stock $57000
Trumball dividend $3200 (5000+200-2000)
Service revenue $16450 (12350+4100)
Salaries expense $3700 (4400-700)
Rent expense $750
Advertising expense <u>$300 </u> <u> </u>
Total <u>$123,250</u> <u>$123,250</u>
Answer: True
Explanation: Entrepreneurship is the ability to create and run a business venture with the aim of generating a profit. This comes in the form of starting new businesses. It takes into account planning, organising, managing an assembling the 4 factors of production, and using these factors to create a product or service that customers can buy, in exchange for money. The four factors of production are: land, labour, natural resources and capital. It is important to note that although entrepreneurs aim to make a profit, they can also bear risks that can affect their business ventures and thus the profit that they make.
Answer: each service is interdependent and interrelated.
Explanation:
An interdependent and interrelated service means the service cannot be separated, one cannot be said to have been concluded without concluding the other, invariably they will be accounted for as a single performance obligation.
The product cannot be distinct for a distinct product means the performance can be separated and it must be determinable for this an obligatory attribute of a contract.
A distinct performance obligation means it's not a multiple performance obligation.
Amy should reduce hierarchy if she wants to avoid being beaten by competitors.
A reduction of hierarchy will realign the company to achieve its goals faster than operating with a formalized hierarchy. This restructuring or delayering is known as empowerment.
The advantages that Amy will achieve by delayering or reducing hierarchy include:
- Simplifying the organization's management structures
- Reducing its bureaucracy
- Cutting its communication paths
- Speeding up decision-making
- Pushing responsibility down to lower organizational levels (through empowerment).
Thus, Amy should rethink the organizational structure by reducing the hierarchy, making the decision-making process accessible.
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