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Oksanka [162]
3 years ago
5

Roland has developed and patented an inexpensive and organic way to enhance the fertility of clay soils without the addition of

chemical fertilizers. Established agricultural chemical companies have rejected his proposals. After six months of promoting his invention during his time off from his regular job, Roland has decided to set his dream aside. Roland lacks a key characteristic of successful entrepreneurs, which is: a. financial slack. b. passion for his invention. c. a corporate sponsor. d. the ability to identify opportunities.
Business
1 answer:
igor_vitrenko [27]3 years ago
3 0

Answer:

Answer is option b, i.e. Passion for his invention.

Explanation:

Roland has almost all the qualities of a successful entrepreneur which includes an innovative mindset, ability to identify new opportunities, but he lacks in being passionate about what he desires to achieve. To start something new and follow one's dream one has to be passionate enough to be consistent and patient. Passion without patience is merely a dream which cannot be realized in true form. Hence, instead of quitting on what Roland had started, he should have searched for some more ideas to influence various agriculture companies.

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Johnstone Company is facing several decisions regarding investing and financing activities. Address each decision independently.
kipiarov [429]

Answer and Explanation:

As per the data given in the question,

1)

Cash flow Amount               PV Factor at 10% for 8 annual installments                   Present Value

Installments $4,000                  5.3349                      $21,339.60

Down Payment $27,000           1                                $27,000

Value of equipment                                                    $48,339.60

Refer to the PVIFA factor

2)

Table or calculator function FVAD of $ 1

Future value $570,000

n = 5

i = 7.00%

Divided it by FV factor   6.1533    

Annual Deposit   $92,633.22

Refer to the FVAD table

3)

Table or calculator function PVAD of $ 1

Payment $137,000

n = 20

i = 10.00%

Multiplied by PV factor   9.36492

Liability $1,282,994.04

Refer to the PVAD table

5 0
3 years ago
Millions of West Africans who migrated to Nigeria during the 1970's, when the country's economy expanded, were expelled during t
lorasvet [3.4K]

Answer:

Pull factor becoming a push factor

Explanation:

Nigeria is the most populous black nation on earth and attracts a lot of tourist as well as investors at every point in time. During the 1970's, there was migration of people from other west African countries due to the economic stabilty and increasing economic expansion, thus making Nigeria a place to search for greener pasture within the continent. In the 1980's, there was an economic downturn that hit the country so hard that Nigerians started calling for the exit of fellow african nationals in the country. Most affected country then was Ghana and there was a slogan with tthe phrase 'Ghana-must-go'.

The phrase went on to become the name of the bags with which Ghanians left tthe country with.

N.B: look up Ghana-must-go bags on google.

Cheers.

8 0
3 years ago
We are able to use the concepts of W (the winning coalition) and S (the selectorate) from the Selectorate Theory to make useful
Liula [17]

Answer:

False.

Explanation:

Selectorate theory differentiates between different types of dictatorships, as well as between dictatorships and democracies. The key factor that distinguishes democracies from dictatorships is the size of the winning coalition.

8 0
3 years ago
A salesperson is trying to sell you a phone that has 16gb of memory saying, “that’s enough space to record an hour of high quali
Reptile [31]
A 16GB memory has the capacity to hold much more than an hour of high quality video. The quality of a video determines how much space it will occupies. An average top quality video can not be more than 3.6 GB in size. This means that, a 16 GB memory will hold more than fours hours long video recording. It can be much more than this is the video is of low quality.
5 0
3 years ago
Read 2 more answers
The following cost data for the month of May were taken from the records of the Terrence Manufacturing Company: Depreciation on
ELEN [110]

Answer:

80,000

Explanation:

Cost data of the month of May was taken from Terrence manufacturing company

The manufacturing cost incurred during the month can be calculated as follows

= wages of production workers + raw materials + materials handling + factory rent + factory insurance + depreciation of factory equipment

= 28,000 + 47,000 + 1,500 + 2,000 + 500 + 1,000

= 80,000

Hence the manufacturing cost incurred during the month is 80,000

5 0
3 years ago
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