In making adjusting entries at the end of its accounting period, chao consulting mistakenly forgot to record: 1.) 3,700 of insurance coverage that had expired (this $3,700 cost had been initially debited to the prepaid insurance account). 2.) $2,250 of accrued salaries expense. As a result of these two oversights, the financial statements for the reporting period will:

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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.