Israel kirzner believes entrepreneurs have a unique capability, which he calls entrepreneurial alertness, to spot existing opportunities for businesses.
Israel<span> Meir </span>Kirzner<span> is a British-born American economist. we can define the unique ability of </span>Entrepreneurial alertness that some people have as to recognize competitive limitations or imperfections in markets.
Answer:
$11.1
Explanation:
We can calculate the factory overhead allocated to a unit using multiple department factory overhead rate methods with an allocation base of direct labor hours. In this method, we will divide the te total overhead cost in direct labor hours consumed in that department.
Solution
Direct Labor Overhead rate for Finishing = $550,000/500,000
Direct Labor Overhead rate for Finishing = $1.10 per hour
Direct Labor Overhead rate for Production = $400,000/80,000
Direct Labor Overhead rate for Production = $5
Overhead for DeskLamps = (Direct labor hours in Finishing x Direct Labor Overhead rate for Finishing + Direct Labor hours in Production x Direct Labor Overhead rate for Production)
Overhead for DeskLamps= (1x$1.10 + 2x$5)
Overhead for DeskLamps= $11.1
Answer:
The correct answer is letter "D": As a co-signer, you open an account and an adult signs on with you; as an authorized user, you are added to someone’s existing account
Explanation:
Co-signers are individuals that could help others to open a credit card account in case that person does not meet specific credit history requirements but the credit card issuer. Co-signers must be 21 years old. Authorized users are added to the account to request information, change it, or make payments.
Answer:
Given that,
Petty cash fund on September 1 = $250
Office Supplies = $73
Merchandise inventory = $137
Miscellaneous expenses = $22
Fund has a balance = $18
When Petty Cash fund is reimbursed,
the expenses incurred through Petty Cash are recorded by debiting those expense.
Therefore, all the expenses incurred to be debited from the accounts.
Hence, the journal entry to record the reimbursement of the fund on September 30 includes a debit of Office Supplies for $73.
Incomplete question. Here's the remaining question;
A. It is a two-party instrument.
B. It necessitates that the seller has to be both the drawer and the payee.
C. It is always payable on demand.
D. It requires that the drawer is holding the drawee's money.
Answer:
C
Explanation:
Note that, to be always paid on demand implies that any time a request is made (demanded) to the bank will be fulfilled.
Therefore, an individual has a sense of security using checks to receive payments.