Ridge township’s governing body adopted its general fund budget for the year ended july 31, 20x3, comprised of estimated revenues of $100,000 and appropriations of $80,000. ridge formally integrates its budget into the accounting records. to record the $20,000 budgeted excess of estimated revenues over appropriations, ridge should:

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.