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Kipish [7]
4 years ago
5

Research any three successful entrepreneurs of your choice.

Business
1 answer:
charle [14.2K]4 years ago
6 0

Answer:

1. Andrew Carnegie

You probably recognize Andrew Carnegie’s name, since he’s one of the most famous and richest industrialists of all time. However, he didn’t accumulate his wealth as a result of formal education or a business-charged background. Instead, he dropped out of school at a young age and spent the major portion of his youth performing manual labor. He was a bobbin boy at a local cotton mill and then became a telegraph messenger. It wasn’t until he taught himself how to read and entered the railroad industry that he began to build the empire that would make him (and his family) a fortune.

2. John Paul DeJoria

You may not have heard of John Paul DeJoria, but you’ve certainly indulged in some of the beauty products attached to his name. Now a multi-billionaire and one of the most accomplished entrepreneurs in modern history, DeJoria got his start as a newspaper courier. To make ends meet, he worked as a tow truck driver and a janitor. Eventually, he found his way to working at a hair-care company, where he met his future partner, Paul Mitchell. With minimal experience and a $700 loan, the duo founded a company now known as John Paul Mitchell Systems. From there, DeJoria co-founded Patron Spirits and the House of Blues.

3. Harland Sanders

If someone asked you for a loan to start a restaurant, but had no formal culinary training or experience, would you make that loan? It seems crazy to think anyone could become a successful restauranteur without a background in the industry, but that’s exactly what Harlan “Colonel” Sanders was able to do. When he started his line of Kentucky Fried Chicken restaurants, the only experience he had was cooking for his siblings as a child and working at a number of odd jobs.

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Suppose that, in an attempt to combat severe unemployment, the government decides to increase the amount of money in circulation
ELEN [110]

Answer:

increases

higher

more

lower

lower

Explanation:

If the money supply is increased. individuals would have more money and consumption would increase. Increase in consumption would lead to a rise in demand.

when demand exceeds supply, prices rise,

When there is a rise in price, it encourages producers to increase production in order to increase their profit margin.

In order to expand production, more factors of production would be needed. So, more labour would be hired. thus, unemployment would fall.

it can be seen that higher inflation lowers unemployment

5 0
3 years ago
Bay Manufacturing Co. purchased a 3-month U.S. Treasury bill. In preparing Bay's statement of cash flows, this purchase would:A.
Lesechka [4]

Answer:

A. have no effect.

Explanation:

The US Treasury Bill was purchased at short-term

So it would not affect the company's cash balance.

The rule for short-term invstment is to have litle risk

and a mature of less than 90 days

the US TB fullfil both, it has no risk and matures within 90 days It is considered a cash equivalent.

7 0
3 years ago
"what are the three business functions an mis infrastructure supports?"
kvv77 [185]

The three functions of business which MIS infrastructure supports includes;

1. Support information change.

2. Business continuity planning.

3. Change.

MIS means that Management Information System. There are MIS infrastructure components which are sustainable.

For example, Virtualization, Grid computing, and cloud computing.

7 0
3 years ago
Read 2 more answers
Which country increased their medal count the most from 2010-2018
Vika [28.1K]
 Korea has been steadily increasing their number of participants with every event.
6 0
4 years ago
Suppose you are currently invested 100% in U.S. stocks and you CANNOT short: a.Find the portfolio that maximizes expected return
Volgvan

Answer:

Part a: The portfolio which maximizes the expected return is in the attached file.

Part b:The portfolio's expected rate of return is 11.20% and the weight is 100% for US only.

Explanation:

As the question is incomplete and the data is not available, thus the complete question is found as attached with the solution.

The Sharpe rate is given as

S_a=\frac{E_a-E_r}{\sigma}

Where

  1. E_a is the estimated rate of return for a value
  2. E_r is the risk free rate of return
  3. σ is the standard deviation of the investment.

The portfolio variance is given as

\sigma^2_{portfolio}=\sum_{i}^{n}{\sigma_i^2w_i^2}+\sum_{i}^{n(n-1)/2}{cv_i}

Where

  1. σ is the standard deviation of the investment.
  2. w is the weighted value of the investment
  3. cv is the covariance term

Portfolio standard deviation is given as

\sigma_{portfolio}=\sqrt{\sigma^2_{portfolio}}

Expected rate is given as

E_{rate of return}=\sum_{i=1}^{n}{E_a_i\times w_i}

Now the Sharp value is calculated as above.

Now the values as given in the excel sheet are added in the attached excel sheet,  following formulas are used to calculate various values

Sharpe ratio is calculated using =(B6-J3)/C6

Portfolio variance is calculated using (=B13^2*C6^2+B14^2*C7^2+B15^2*C8^2+B16^2*C9^2+2*B13*B14*C6*C7*D7+2*B13*B15*C6*C8*D8+2*B13*B16*C6*C9*D9+2*B14*B15*C7*C8*E8+2*B14*B16*C7*C9*E9+2*B15*B16*C8*C9*F9)

Portfolio standard deviation is SQRT(Variance)

Expected return is calculated using =B13*B6+B14*B7+B15*B8+B16*B9

Sharpe is calculated using =(B23-$J$3)/B22

Part a:

The portfolio which maximizes the expected return is in the attached file.

Part b:

The portfolio's expected rate of return is 11.20% and the weight is 100% for US only.

4 0
3 years ago
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