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3 years ago

Assess how entrepreneurship may be a viable option to counteract unemployment

Business

1 answer:

makkiz [27]3 years ago

3 0

Answer:

As we've lightly touched on already, entrepreneurial enterprises provide citizens with paying jobs in order to operate and grow. They also provide employees with the means to further grow one's own earning potential through training and on-the-job experience.

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On October 1, Sponge Bob, Inc. received $240 up front from a customer for a yearly magazine subscription. Magazines are provided

ddd [48]

Answer:

Oct 1 Cash $240 Dr

Unearned Subscription Revenue $240 Cr

Dec 31 Unearned Subscription Revenue $60 Dr

Subscription Revenue $60 Cr

Explanation:

The receipt of $240 upfront in advance from a customer is a liability for the business as the business has received cash for service that is yet to be provided. The business will record this as a debit to the cash account and credit to a liability account of Unearned Service Revenue.

On 31 december, the business has provided magazines for 3 months thus it has earned revenue for 3 months. The revenue for 3 months is,

Revenue per month = 240 / 12 = 20

For 3 months = 20*3 = 60

The business will record this as a credit to the subscription revenue and a debit to the unearned subscription revenue

4 0

3 years ago

Comparative advantage is the ability to convince others of the best choices to make in their own self-interest. perform an activ

Ira Lisetskai [31]

Answer:

The correct answer is letter "B": perform an activity at a lower opportunity cost.

Explanation:

Comparative advantage is the ability of an individual, company, or country to produce a good or service at a lower opportunity cost than its competitor. Having a comparative advantage does not mean that one entity is absolutely better than another at producing a good or service. It means that it sacrifices less to do so.

3 0

3 years ago

Although entrepreneurs expect to succeed, they must be realistic and recognize that they are taking a(n) because many small busi

Harlamova29_29 [7]

Entrepreneurs take risks because they may lose time and money despite their high expectation of success.

<h3>Who is an entrepreneur?</h3>

An entrepreneur is an individual who starts a business. Entrepreneurs are known for their passion to achieve business success. They enjoy the gains from their success and may risk losing their time and money in the process.

Thus, as the entrepreneurs expect to succeed, they must be realistic, recognizing that they are taking a risk.

Learn more about entrepreneurs at brainly.com/question/353543

8 0

2 years ago

The transactions of Spade Company appear below.

torisob [31]

Answer:

Please see the required journals below.

Explanation:

a. Owner's investment in business

Debit Cash $18,750

Credit Common Stock $18,750

b. Purchase of office supplies

Debit Office Supplies $544

Credit Cash $544

c. Purchase of office equipment on credit

Debit Office Equipment $10,369

Credit Accounts Payable $10,369

d. Receipt of fees for services provided to a customer

Debit Cash $2,212

Credit Fees Earned $2,212

e. Payment of office equipment purchased on credit

Debit Accounts Payable $10,369

Credit Cash $10,369

f. Fees for services provided to a customer

Debit Accounts Receivable $3,975

Credit Fees Earned $3,975

g. Payment for monthly rent

Debit Rent Expense $515

Credit Cash $515

h. Collection of partial accounts receivable in (f) above

Debit Cash $1,670

Credit Accounts Receivable $1,670

i. Withdrawal of cash for personal use

Debit Drawings account $1,100

Credit Cash $1,100

5 0

3 years ago

Earleton Manufacturing Company has $2 billion in sales and $600,000,000 in fixed assets. Currently, the company's fixed assets a

bearhunter [10]

Answer:

The correct answer is $2,500,000,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

Operating capacity = 80%

Sales = $2 billion

Fixed assets = $600,000,000

So, we can calculate the level of sales by using following formula:

Level of sales = Sales ÷ operating capacity

= $2,000,000,000 ÷ 80%

= $2,500,000,000

7 0

3 years ago

Assess how entrepreneurship may be a viable option to counteract unemployment​

Assess how entrepreneurship may be a viable option to counteract unemployment