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1 year ago

Why is it valuable for entrepreneurs to understand political and regulatory factors? select all that apply.

1 answer:

4 0

Understanding political and regulatory considerations is important for entrepreneurs because we want to know how the laws affect the firms that we are in or that we may start.

<h3>Why is it important for business owners to comprehend political and regulatory factors?</h3>

We are interested in learning how the laws affect the businesses that we are in or may start. We also want to consider the government as a consumer and potential growth areas. We also wish to raise awareness of these factors and changes in politics and regulation.

<h3>Does politics have a role in fostering entrepreneurship?</h3>

In a certain geographic area, entrepreneurial development is greatly influenced by political issues. This is due to the fact that politicians determine the kind of market that is present. The market may be capitalistic, communist, or a mixed economy in various nations.

<h3>Why is a stable political environment crucial for business?</h3>

The foundation of a country's commercial climate is its political environment. Businesses would be positively influenced by stable and improved government policies, and vice versa. Changes in policy are frequently brought about by changes in government.

Learn more about political and regulatory factors: brainly.com/question/28900810

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A company sells a product for $3. Cost of goods sold is budgeted at 60% of sales. The company prepares a flexible budget at two

Nat2105 [25]

Answer:

$90 and $108

Explanation:

The computation of the costs of goods sold is shown below:

At Sales volume of 50 units:

= Selling price per unit × number of units × given percentage

= $3 × 50 units × 60%

= $90

At Sales volume of 60 units:

= Selling price per unit × number of units × given percentage

= $3 × 60 units × 60%

= $108

Simply we multiplied the selling price per unit with the number of units and the given percentage so that the correct amount can come

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3 years ago

What should occur when there is a change in accounting principle? A : The new principle should be used in reporting the results

meriva

Answer:

The correct answer is letter "C": The change should be reported retroactively.

Explanation:

Changes in Accounting Principles happen when a company switches between various generally accepted accounting principles or adjusts the process by which a rule is applied. Those changes can take place in accounting mechanisms for Generally Accepted Accounting Principles (<em>GAAP</em>) or International Financial Reporting Standards (<em>IFRS</em>).

When the changes happen, companies must apply it <em>retrospectively </em>to all previous accounting periods, as if the norm would have been always there.

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3 years ago

All three of the $5000 billion GDP figures (Production, Income and Spending) are in ____________ dollars.a. Unadjusted, seasonal

Nataliya [291]

Answer:

The correct answer is letter "D": Inflation adjusted, real.

Explanation:

The real value is one that has been adjusted for inflation, allowing amounts to be measured as if the market price of goods had remained the same. Moreover, real-life modifications in value omit the impact of inflation. Following this process, the <em>real Gross Domestic Product</em> (<em>GDP</em>) can be calculated.

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4 years ago

Corba Company is evaluating whether to replace an old machine with a new, more efficient machine. Corba purchased the old machin

LiRa [457]

Answer:

It is more convenient the new machine.

Explanation:

Giving the following information:

Corba purchased the old machine for $600,000, and there is $180,000 of accumulated depreciation recorded for the machine. It has a 10-year remaining useful life and a $0 salvage value. It costs $480,000 per year to operate. The new machine would have a 10-year useful life and a $0 salvage value. It would cost $1,200,000, and its annual operating costs would be $361,200. If the old machine is replaced, it can be sold for $48,000 today.

We will make an incremental analysis.

Year 0= 48,000 - 1,200,000= -1,152,000

Year 1 to 10:

Cost save= 480,000 - 361,200= 118,800*10= 1,188,000

Effect on income= 1,188,000 - 1,152,000= 36,000

It is more convenient the new machine.

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3 years ago

Mullin, inc, purchases supplies such as paper, and seat covers directly from manufacturers and then sells them to other firms. m

scoundrel [369]

<span>Mullin, inc, purchases supplies such as paper, and seat covers directly from manufacturers and then sells them to other firms. mullin, inc. is a (n) wholesaler.
Distribution of goods or things to specific customer types is </span>wholesaling. Wholesaler is a person, company or firm who buys from various producers, a large quantity of goods and then resells to retailers. There are also some types of wholesalers.

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4 years ago