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3 years ago

Describe how you would use any five entrepreneurial qualities to make sure that your business is a success

1 answer:

5 0

Passion
being open minded
desire to become the best at what you do
having a positive attitude and outlook
constantly keep your ideas flowing

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Steve's Outdoor Company purchased a new delivery van on January 1 for $45,000 plus $3,800 in sales tax. The company paid $12,800

gizmo_the_mogwai [7]

Answer:

a. Compute the acquisition cost of the van.

van's basis = $45,000 (the van) + $3,800 (sales tax) + $700 (logo) = $49,500

When you purchase an asset, its basis must include the cost of the asset, any freight costs, taxes associated with the sale, any applicable insurance expense, installation costs and or any modifications necessary.

b. Compute the depreciation expense to be reported for Year 1.

depreciable value = $49,500 - $4,500 = $45,000

depreciation expense per year = $45,000 / 5 = $9,000

December 31, 202x, depreciation expense

Dr Deprecation expense 9,000

Cr Accumulated depreciation: van 9,000

3 0

3 years ago

Suppose that the marginal propensity to consume in Frugalia is 0.60. The government of Frugalia enacts a stimulus program that i

fgiga [73]

Answer:

option (c) $25 million

Explanation:

Data provided in the question:

The marginal propensity to consume in Frugalia, MPC = 0.60

Increase in spending = $10 million

Now,

The total increase in income

= $\frac{\textup{1}}{\textup{1-MPC}}$ × Increase in spending

on substituting the respective values, we get

= $\frac{\textup{1}}{\textup{1-0.6}}$ × $10 million

= $\frac{\textup{1}}{\textup{0.4}}$ × $10 million

= 2.5 × $10 million

= $25 million

Hence,

The answer is option (c) $25 million

5 0

3 years ago

Compared to a command and control government approach to reducing pollution, a market-based system of tradable pollution allow

Alex17521 [72]

a. more efficient because polluters that can only reduce pollution at high cost do not and instead buy allowances.

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3 years ago

Leaf] Leaf, an employee of the California Department of Forestry, insisted on signing inter-office memoranda with his name and t

dusya [7]

Answer: If it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion

Explanation:

The Establishment clause prevent the Congress from having a state religion or honig preference to one religion above another one.

The circumstances that a state law would be permissible under the establishment clause include if it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion.

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3 years ago

Jason works for a restaurant that serves only organic,local produce. What trend is this business following ?

PtichkaEL [24]

He's business is going for a healthy more eco-friendly restaurant

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3 years ago

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