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Kipish [7]
3 years ago
5

Research any three successful entrepreneurs of your choice.

Business
1 answer:
charle [14.2K]3 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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The risk-free rate is 6% and the expected rate of return on the market portfolio is 13%. a. Calculate the required rate of retur
Andreyy89

Answer:

a. 14.75%

b. Under priced

Explanation:

The computation for the required rate of return is shown below:

a. Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 6% + 1.25 × (13% - 6%)

= 6% + 1.25 × 7%

= 6% + 8.75%

= 14.75%

b. As the required rate of return comes 14.75% and the required return is 16% so it is under priced as expected return is more than the required return

3 0
3 years ago
A corporation issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date 5 years later, a
Mrac [35]

Answer:

$22,000 gain.

Explanation:

Please see attachment

3 0
2 years ago
Identifying Accounts to be Closed From the list that follows, identify the accounts that should be closed to the owner’s capital
kari74 [83]

Answer:

See explanation section

Explanation:

When we need to close accounts, we close the income and expenses accounts. The reason to close those accounts is that those are temporary accounts. Drawings and dividends are also temporary as those accounts have to be settled through capital and retained earnings balance. Therefore,

We will close the entries to income summary are -

D. Depreciation Expense

E. Fees Earned

J. Supplies Expense

L. Wages expense.

The entry to close against a capital account is Drawings. Therefore, Jackie Lindsay, Drawing should be closed.

4 0
3 years ago
To issue new guidelines and opinions regarding employment practices that result from newly passed laws, t the Equal Employment O
Alex787 [66]

Answer:

The correct answer is "Federal Register"

Explanation:

In the Federal Register we can find the rules of government agencies and public notices.

This is an approach that the government uses so that people have knowledge about new laws and regulations, requirements and guidance of the government. All proposed and approved government regulations are published in the Federal Register. For this reason, the Equal Employment Opportunity Commission is based on the Federal Register.

4 0
3 years ago
Which of the following is a non depository financial institution?
NISA [10]

It’s D just did the test


5 0
2 years ago
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