baleighharris
05.12.2019 •
Business
O’connor company ordered a machine on january 1 at a purchase price of $95,000. on the date of delivery, january 2, the company paid $24,000 on the machine and signed a long-term note payable for the balance. on january 3, it paid $1,000 for freight on the machine. on january 5, o’connor paid cash for installation costs relating to the machine amounting to $5,700. on december 31 (the end of the accounting period), o’connor recorded depreciation on the machine using the straight-line method with an estimated useful life of 10 years and an estimated residual value of $10,200.
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Ответ:
Entrepreneurship is an important alternative to counteract unemployment. It not only gives provides employment to the entrepreneur but also provides jobs to others as well.
Explanation:
Entrepreneurship may be defined as the setting up of a business or a work looking out for making profit dealing with the risks and the challenges on its own.
Four ways in which the school can promote entrepreneurship as a viable option to counteract unemployment are :
build awareness and promote entrepreneurship among the students.Provide the benefits of being an entrepreneur and showing them the possibilities of setting up a business that can even provide jobs to others.Providing with valuable ideas and guidance regarding setting up a business and giving an overview of the current market trends and market study.Helping the students reach out to other entrepreneurs and also providing ways to get any financial aid to set up a business.