The primary concerns when first starting your business are: financing and planning
Answer:
because a credit card you are taking loans from your bank company but with a debit card it's the money you're putting on the card
For accounting purposes, the business entity should be considered separate from its owners if the entity could be a proprietorship, corporation or partnership.
<h3>What is a
business entity?</h3>
It refers to the organization created by an individual or individuals to conduct business, engage in a trade or partake in similar activities. It ia also an organization founded by one or more natural persons to facilitate specific business activities or to allow its owners.
There types of business entities includes the sole proprietorship, partnership, LLC, corporation, etc
Hence, the business entity should be considered separate from its owners if the entity could be a proprietorship, corporation or partnership.
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The loss of potential gain from other alternatives when one alternative is chosen.
example: "idle cash balances represent an opportunity cost in terms of lost interest"
Answer: Corporate officer who serves in a representative capacity for the owners of the corporation.
Explanation: In simple words, a person acting on behalf of another person or group is called an agent.
A business agent uses the name of principal for entering into contracts with third parties while an employee is someone who is under the contract with the employer to perform his duties.
So from the above we can conclude that Janitor and gardener are an employee but corporate officer is an agent.