All categories

3 years ago

Why would an entrepreneur be best suited to opening a new business, rather than buying an existing business or franchise?

Business

1 answer:

Mariulka [41]3 years ago

3 0

Answer:

For example, it's really easy to finance while buying in an existing business while starting a new one. In Addition tons of bankers and investors all around the world would feel more comfortable dealing with a business that already has had a proven track record.

Explanation:

You might be interested in

The theory of comparative advantage states that:

Stella [2.4K]

Answer:

Productivity rises more quickly when countries produce goods and services for which they have a natural talent.

Explanation:

This is the best option with the theory of comparative advantage states countries produce goods for which they have a lower opportunity cost. Having resources and talents lower the opportunities cost. When countries do this, it increases economic welfare for all.

6 0

3 years ago

Ed's Print Shop received an invoice dated May 10 for $2,500 with terms 3/10, 1/15, n/60. On May 22, Ed's Print Shop sent a parti

artcher [175]

Amount to be credited = $2,020

Outstanding balance = $480

Explanation:

The payment terms state that

3% discount may be taken within 10 days of the invoice date (up to May 20); or

1% discount may be taken within 15 days of the invoice date (after May 20 but not later than May 25); or

The net amount is due within 60 days of the invoice date if advantage is not taken of the cash discounts offered.
The 3% cash discount is not applicable as the payment was made on May 22 which is after the end of the discount period. However, the 1% discount is allowed, since payment on May 22 is within the 15-day period for the 1% discount.

Amount to be credited

= 2000 / (1−0.01)

= 2000 / (0.99)

= $2,020

Outstanding balance

= 2500 - 2020

= $480

3 0

3 years ago

Match the following statements to the appropriate terms. An entry that involves three or more accounts. Transferring journal ent

Evgen [1.6K]

Answer: The answers are given below

Explanation:

• An entry that involves three or more accounts. = Compound entry.

A compound entry is when two or more journal entries are combined together on order to save time.

• Transferring journal entries to ledger accounts. = Posting

• The side which increases an account. = Normal account balance.

• A list of all the accounts used by a company. = Chart of an account.

A chart of accounts (COA) consists of all the financial accounts that are in the company's general ledger. It gives the the details of the financial transactions that is being conducted by a company for a particular accounting period.

• A record of increases and decreases in specific assets, liabilities, and stockholdersl items. = Account

• Left side of an account. = Debit

The debit is an entry used to record the amount that the entity owe and it is always listed on left-hand side of an account.

• An entry that involves only two accounts. = Simple entry

A simple entry is made up of two accounts while a compound entry is made up of more.

• A book of original entry. = Journal

A journal is a record of every financial transactions that a business takes part in.

• A list of accounts and their balances at a given time. = Trial balance

The trial balance consists of a list of all the general ledger accounts that is, both the revenue and capital that are contained in a business ledger.

• Has a credit normal balance = Revenue account

3 0

4 years ago

Which of the following statements is FALSE? A. When evaluating a capital budgeting decision, we generally include interest exp

Lapatulllka [165]

Answer: From the given options, the following statement is false: When evaluating a capital budgeting decision, we generally include interest expense.

It is a process that organization set about to measure possible projects or investments. Under this we generally do not include interest expense.

Therefore , the correct option here is (a) i.e. When evaluating a capital budgeting decision, we generally include interest expense.

4 0

3 years ago

Bill is working on a project involving the upgrading of a management information system. The project is being managed by the inf

VladimirAG [237]

Answer:

The correct answer is A

Explanation:

Functional organization is one of the common kind or type of the organizational structure, in which the firm or business is divided or segregated into the smaller groups grounded on the sepcialized functional areas of the business, which are marketing, IT (Information Technology) and finance.

And when the management of the company took the decision or made a decision for executing a project, then the different segments of the project are assigned to the respective units with every unit, which is held responsible for completing the project segment .

6 0

3 years ago