Call the credit company and ask
Bookkeeping can be done in small business by following these procedures:
- Creation of a New Business Account is required.
- Setting Budget just for Tax Purposes.
- make your Records Organized.
- Tracking of all the business Expenses.
- Maintaining Daily Records.
<h3>What is the purpose of bookkeeping and how can it improve their business?</h3>
The book-keeping is very essential in business because it keep a complete as well as accurate record of all the financial transactions.
This is been done in in a systematic orderly and logical manner, by following the steps above the business can be improved.
Find out more on Bookkeeping at brainly.com/question/25572872
#SPJ1
Answer:
The answer is C.
Explanation:
In a competitive market, all firms produce identical goods and services. No firm or seller can influence the prevailing market price. To increase their revenue, firms must increase their outputs.
In this industry, firms make economic profit(revenue minus accounting cost minus implicit cost) in the short run but this economic profit reduces to zero in the long run because more firms that are attracted by the short run profit can enter the industry freely. Firms can also exit with little or no cost.