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3 years ago

How do entrepreneurs contribute to nation economically

1 answer:

3 0

Entrepreneurs help the nation by creating new and unique businesses (which can increase profit and employment), they add to national income, and they create social change.

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If a team of three workers, each making the U.S. Federal minimum wage, produced these 12 rugs, what would the total labor cost b

sergiy2304 [10]

You need to know how many hours it took these workers to make the rugs to determine the labor cost.

4 0

3 years ago

Lawrence Industries' most recent annual dividend was $1.80 per share (D0equals$ 1.80), and the firm's required return is 11

Dima020 [189]

Answer:

The price of the stock today is $34.13

Explanation:

The price of the stock that grows at two different growth rates can be calculated using the two stage growth model of DDM. The DDM requires to discount back the dividends to calculate the price of the share today.

The price of the stock today is,

P0 = D1 / (1+r) + D2 / (1+r)^2 + ... + Dn / (1+r)^n + [(Dn * (1+g) / (r - g)) / (1+r)^n]

P0 = 1.8 * (1+0.08) / (1+0.11) + 1.8 * (1+0.08)^2 / (1+0.11)^2 +

1.8 * (1+0.08)^3 / (1+0.11)^3 + [ (1.8 * (1+0.08)^3 *(1+0.05) / (0.11-0.05)) / (1+0.11)^3]

P0 = $34.127 rounded off to $34.13

8 0

3 years ago

Select the correct answer.

stira [4]

Choice b would be my choice

4 0

3 years ago

The revenues and expenses of Sunset Travel Service for the year ended April 30, 2014,

padilas [110]

Answer:

Net profit= $491,000

Explanation:

An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period. The income statement focuses on the four key items - revenue, expenses, gains, and losses. It does not cover receipts (money received by the business) or the cash payments/disbursements (money paid by the business).

It follows the general structures:

Revenues (+)

Operating Revenue

Non-Operating Revenue

Total

Expenses (-)

Primary Activity Expenses

Secondary Activity Expenses

Total

Gains (+)

Losses (-)

Net income/loss

In this exercise:

Total revenues=$1,673,000

Expenses:

Office expense 488,000

Miscellaneous expense 34,000

IWages expense 660,000

Total Expenses=$1,182,000

Net profit= $491,000

5 0

3 years ago

Record the following transactions for the month of November 2019 in the cash receipts journal. Total, prove, and rule the cash r

gregori [183]

Answer and Explanation:

The presentation of the cash receipt journal is as follows;

Date Description Account Sale Sale Title Amount Cash

Receivable tax Credit of debit

Credit Payable Account

Credit

Nov 1 Katie Bing $2,300 $2,300

Nov 10 Collection

From mike drake Note receivable $3,700

Interest income $240 $3,940

Nov 13 Jessie cole $4,100 $4,100

Nov 15 Cash sales $2,300 $26,500 Cash overage $14 $28,814

Nov 30 Totals $6,400 $2,300 $26,500 $3,954 $39,154

7 0

3 years ago