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4 years ago

How does the economic boom affect a business or your business?

Business

1 answer:

shepuryov [24]4 years ago

4 0

Answer:

The answer is easy and simple to understand.

First of all, it ill be generally good for your business, price levels of materials required and services will remain at a reasonable level so you can afford them.

Moreover, the cost of financing will be bearable and low. Since the interest rates are low, more money can be borrowed to expand your business venture.

Economic book means more employment opportunities, and as the supply of labor increases. the cost or the wage rate can remain at a reasonable and fair level for both the employers and employees.

The currency exchange rates will be stable and will not deviate heavily during the economic boom period, making importing and importing fairly easy for your business.

However, since the economy is rigorous and healthy, more entrepreneurs will enter the market and the competition will be sever.

Moreover, foreign investors and businesses with new technologies, products and practices may enter your market, making it a bit difficult for you.

Explanation:

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inessss [21]

Explanation:

The adjusting entry is as follows

On December 31

Insurance expense A/c Dr $5,150

To Prepaid insurance A/c $5,150

(Being the insurance expense is recorded)

It is computed below:

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= $9,050 - $3,900

= $5,150

While passing the adjusting entry we debited the insurance expense account and credited the prepaid insurance account

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3 years ago

Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Customaria, a nation with a pure tr

zavuch27 [327]

Answer:

There is little cooperation, relative to other economies.

The participants in the economy are slow to adopt new beneficial technologies due to previous customs.

Occupational choices can be restricted.

Explanation:

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There is the absence of international trade, as barter is the reigning exchange method done only inside the country.

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3 years ago

40 points fast easy question. ………….

Naddik [55]

It’s depends which artical your reading since you have to re read the book to answer.

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2 years ago

Which qualitative characteristic requires that financial information should not influence decision making to achieve a predeterm

lutik1710 [3]

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Accounting facts and accounting procedures should be independently assessed and reported without any explicit bias toward any particular user or user group. It cannot be stated that accounting information reported favors one set of interests over another if there is no bias in the selection of that information. It is because that is what the data indicates.

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2 years ago

Job qualifications refers to the education, work experience, and skills appearing on a job opening.

Alex Ar [27]

Answer:

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4 years ago