Answer:
The internet has radically affected international business.
Explanation:
First, the internet has made it easier for firms to engage in international business and trade because it reduces barriers to entry, facilitates communications, and becomes a vehicle for the creation of new economic sectors.
Second, the internet has made competition between companies more stiff in some sectors, but has resulted in the formation of oligopolies, duopolies, and even monopolies in other sectors, especially those that are very intensive in all kinds of capital, from human capital to technological capital, to financial capital.
Third, the internet has made the concept of appropriability more important because intellectual property has gained more importance, and also because the internet has made it easier to engange in intellectual property theft.
Finally, managers can protect the proprietary technology of their firms by using the most advanced tools of virtual security and protection, this is why many computer scientists are hired in this sector.
The thought of loosing money and being a failure is the one thing you must have confidence and start each day as if it was your last
Answer:
Credit Purchases $36,000.
Credit Sales Discounts $500.
Credit Merchandise Inventory for the beginning balance $5,000.
Explanation:
Answer:
Going Concern Concept
Explanation:
The Information from a trial balance is usually shown at <em>historic values</em> and not <em>market values</em>. The financial statements also show the amounts in historic not Liquidation / market values.
Thus we say the entity is<u> foreseen to be in operation in future</u> thus it is a going concern. The concept applied therefore is the Going Concern Concept.
