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3 years ago

Which of these assumptions can an entrepreneur safely make when planning a start-up? Check all that apply.

Business

2 answers:

spin [16.1K]3 years ago

7 0

Answer:

It is important to have a thorough knowledge of the product.

Thorough planning and sound strategy do not guarantee a business’s success.

Raising funds is necessary but may involve personal risk.

Ivanshal [37]3 years ago

4 0

Planning a start-up is one of the most difficult things that a new entrepreneur does when the business is not properly structured. However, some assumptions have to be made in the beginning and these are: It is important to have a thorough knowledge of the product and Customers exist for every product.

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Cragmont has beginning equity of $277,000, net income of $63,000, withdrawals of $25,000 and no additional investments by owners

MatroZZZ [7]

The ending equity is $315,000 This is just a matter of adding income and subtracting withdraws. So let's do it. "Cragmont has beginning equity of $277,000," x = $277000 "net income of $63,000" x = $277000 + $63000 = $340000 "withdrawals of $25,000" x = $340000 - $25000 = $315000

3 0

3 years ago

Sam invests $5,000 of his own money in his new auto detailing business. He then obtains a loan and builds a small workshop in hi

ki77a [65]

Answer:

Assets= 15,000

Liabilities= 10,000

Owner's equity= 5,000

Explanation:

When he invests 5,000 of his own money that 5,000 is an asset as it is cash and the 10,000 he borrows is also an asset as it is cash. The liabilities are 10,000 as he has to pay 10,000 back and it is a loan so it is a liability also.

The owners equity is 5,000 as he invested 5,000 of his own money in the business and that is owners equity.

7 0

3 years ago

______has an absolute advantage in the production of alfalfa, and_______ has an absolute advantage in the production of barley.

AVprozaik [17]

Answer:

The person with Absolute advantage is the one that produces more of a good than the other.

Dina has an absolute advantage in the production of alfalfa, and Charles has an absolute advantage in the production of barley.

The person with Comparative Advantage is the person who produces something at a lower opportunity cost.

Charles Opportunity Costs

Producing Alfalfa gives 12 bushels per acre instead of 6 bushels for Barley.

Producing 1 Alfalfa means 6/12 = 0.5 bushels Barley is given up

Producing 1 bushel of Barley means 12/6 = 2 bushels Alfalfa is given up.

Dina Opportunity Costs

Producing Alfalfa gives 15 bushels per acre instead of 5 bushels for Barley.

Producing 1 Alfalfa means 5/15 = 0.33 bushels of Barley is given up

Producing 1 bushel of Barley means 15/5 = 3 bushels of Alfalfa is given up.

Charles's opportunity cost of producing 1 bushel of barley is 2 bushels of alfalfa, whereas Dina's opportunity cost of producing 1 bushel of barley is 3 bushels of alfalfa. Because Charles has lower a opportunity cost of producing barley than Dina, Charlie has a comparative advantage in the production of barley, and Dina has a comparative advantage in the production of alfalfa.

6 0

3 years ago

Economists who criticize trade adjustment assistance argue that: macroeconomics

Arlecino [84]

Economists who criticize trade adjustment assistance argue that macroeconomics is just apprehensive with the large scale. It is just undertaking the issues with regards to national performance and interest rates. Macroeconomics focuses on the general economic factors of the whole economies.

3 0

3 years ago

Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization sch

Zielflug [23.3K]

Answer:

Explanation:

Calculation to determine the annual effective interest rate on the bonds

Using this formula

Annual Stated interest = Annual cash interest / Face vale of bonds*100

Let plug in the formula

Annual Stated interest =($7000+$7000) / 200000*100

Annual Stated interest=$14,000/20,000

Annual Stated interest=7%

Therefore the annual effective interest rate on the bonds is 7%

4 0

3 years ago