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3 years ago

Why are entrepreneurs considered both spark plugs and catalysts of the free enterprise economy?

1 answer:

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<span>Entrepreneurs are considered to be both spark plugs and catalysts of the free enterprise economy because of a number of reasons. Everybody benefits and profits when an entrepreneur becomes successful. When an entrepreneur opens his or her search for profits, the effects would be a chain of events where new products, greater competition, more production, higher quality, and lower prices for consumers can be observed. An entrepreneur is said to be a spark plug in the free-market for there is that vision of providing a product or a service that people are willing to pay for, combined with the ability to produce that product or service at a cost below the market sales price which propels him/her to take action. Capitalism will not work if it were not for the entrepreneurs who take the risks and start the businesses that produce the goods and services we all enjoy.</span>

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What is a disadvantage of government bonds?

hjlf

None of those answers are suitable to me.

Government bonds are generally regarded as low-risk and they typically have modest (low) interest rates for return on investment, and these are advantages really. So we can discount answer A, C, and D.

I guess you could say that bonds can be hard to find (Answer B) but this not really true. There is always a bond market to trade bonds on. It requires setting up a trading account or speaking to a broker so this can be more difficult than putting money in a bank account, but to be honest I don't think any of those answers are appropriate for the question.

3 0

3 years ago

Read 2 more answers

You are to write a main() program in c++ implementing the test cases that were created for task 1. Your main() program will use

kirill [66]

The first test case should fail. When all the test results are completed, you will save the test case results

8 0

3 years ago

Classifying events as asset source, use, or exchange Vera Company experienced the following events during its first year of oper

pav-90 [236]

Answer:

Vera Company

1. Acquired $16,000 cash from the issue of common stock. [ Exchange; Cash balance increases while Owners Equity also increases. The net effect is zero ]

2. Paid $3,500 cash for salary expenses [ Asset Use; because we deplete Cash as an asset to pay for an expense item]

3. Borrowed $10,000 cash from New South Bank. [ Exchange. We got cash (an asset) but created a liability through bank loan, net effect is zero]

4. Paid $6,000 cash to purchase land. [ Exchange; depleted Cash (an Asset) to obtain another Asset (Land) net effect is zero]

5. Provided boarding services for $10,500 cash. [ Asset Source; income is driving up our cash balance (an Asset)]

6. Acquired an additional $1,000 cash from the issue of common stock. [ Exchange; Cash balance increases while Owners Equity also increases. The net effect is zero ]

7. Paid $2,400 cash for utilities expense. [ Asset Use; because we deplete Cash as an asset to pay for an expense item]

8. Paid a $1,500 cash dividend to the stockholders. [ Asset Use; because we deplete Cash as an asset to pay for dividend to shareholders]

9. Provided additional services for $6,000 cash. [ Asset Source; income is driving up our cash balance (an Asset)]

10. Purchased additional land for $2,500 cash. [ Exchange; depleted Cash (an Asset) to obtain another Asset (Land) net effect is zero]

11. The market value of the land was determined to be $24,000 at the end of the accounting period. :[ Asset Source; improvement in fair valuation of Asset]

8 0

3 years ago

Handy Leather, Inc., produces three sizes of sports gloves: small, medium, and large. A glove pattern is first stenciled onto le

Fiesta28 [93]

Answer:

a. Determine the two production department factory overhead rates.

Pattern department = $50 per hour

Cut and sew department = $67 per hour

b. Use the two production department factory overhead rates to determine the factory overhead per unit for each product.

Production Small Medium Large

<u>Departments Glove Glove Glove</u>

Pattern Department $2.00 $2.50 $3.00

Cut and Sew Department $5.36 $6.70 $8.04

Explanation:

small, medium, large

Pattern Department overhead $135,000

Cut and Sew Department overhead $227,800

Total $362,800

Pattern Department 2,700 direct labor hours

Cut and Sew Department 3,400

Total 6,100 direct labor hours

Overhead rate per hour:

Pattern department = $135,000 / 2,700 hours = $50 per hour

Cut and sew department = $227,800 / 3,400 hours = $67 per hour

Production Small Medium Large

Departments Glove Glove Glove

Pattern Department 0.04 0.05 0.06

Per unit ($50) $2.00 $2.50 $3.00

Cut and Sew Department 0.08 0.10 0.12

Per unit ($67) $5.36 $6.70 $8.04

3 0

3 years ago

Sand Inc., a company that produces and sells a single product, has provided its contribution format income statement for January

bezimeni [28]

Answer:

$30,870

Explanation:

Sales per unit: 67,200/3,200 = 21

variable expenses per unit : 38,976/3200 = 12.18

.......................

Sales 3500 unit: 21*3500 = 73,500

Variable expenses 3500 units : 12.18*3500 = 42,630

Contribution margin = Sales-Variable expenses = 73,500-42,630

=$30,870

7 0

3 years ago