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3 years ago

Government can encourage entrepreneurs by

1 answer:

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A. Tax incentives. Entrepreneurs are being encouraged by the government to put up business through tax incentives. Tax incentives may be in the form of tax holiday wherein the firm will not pay taxes for a certain period of time provided that it meets all the conditions laid out by the government. Another incentive would be a tax reduction or rebates. Tax exemptions are also a form of tax incentive to invite entrepreneurs to do business.

You might be interested in

The reason Lin has been so successful in expanding her small auto body shop into a very profitable business with three locations

stealth61 [152]

Answer:

A. Machine

Explanation:

There are various categorisations of entrepreneurs based on their characters, abilities and strategies among others. However,the founder institute developed a new categorisation for entrepreneurs by testing about 30,000 entrepreneurs including known names like Steve Jobs and Elon Musk and categorising them based on their priorities and qualities into the following: Hustler, Prodigy, Visionary, Innovator, Strategist and Machine.

Machine Category: This represents entrepreneurs who maintain a high level of focus getting things done. They simply focus on the task ahead of them and get them done. They are very concerned about efficiency and effective delivery of their tasks. Lin simply became very good at what she was doing by being dedicated to the tasks ahead of her.

Other Categories

Hustlers- they can sell anything and get into the promotion and sales of all manner of products and services

Prodigy - The excel in business with innate business instinct and sense, their strong intellects and social skills ensures their success

Visionary - Combines innovation with enthusiasm and is capable of carrying the masses along in these innovations as a result of the energy committed

Innovator- Always looking forward to improving on old ideas and find new ways of doing things. They are challenged by change

Strategist- Always looking at how to achieve long term goals, very tactical and calculating.

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3 years ago

What is the amount of income you should save for an emergency fund.

ZanzabumX [31]

Answer:

Depending on your income I recond 15% of every paycheck but put it to the emergency funds.

Explanation:

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2 years ago

For Crafton Company, indirect labor is budgeted for $57,000 and factory supervision is budgeted for $65,000 at normal capacity o

Masteriza [31]

Answer:

$124,700

Explanation:

Indirect labor budgeted is $57,000

Factory supervision is $65,000

The normal capacity is 142,500

Direct labor 145,000

Therefore the flexible budget can be calculated as follows

= 57,000+65,000/142,500

= 122,000/142,500

= 0.86

0.86×145,000

= 124,700

Hence the flexible budget is $124,700

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3 years ago

Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Con

yarga [219]

Answer:

Ending cash balance is -$41,000.

Explanation:

This can be prepared as follows:

Nathan Herrmann

Cash Flow Statement

for the year ended ...

Details $ $

Net income 69,000

Adjustment to reconcile net income

Depreciation expense 13,000

Loss on sale of land 12,000

(Increase) decrease in current assets

Increase in inventory (35,000)

Increase in prepaid rent (7,500)

Increase in accounts receivable (47,000)

Increase (decrease) in current liabilities:

Increase in accounts payable 15,000

Net cash from operating activities 19,500

Cash flows from investing activities:

Cash received from the sale of land 7,500

Purchase of equipment (229,000)

Net cash flows from Investing activities (221,500)

Cash flows from financing activities: 

Payment of dividends (31,000)

Repayment of notes payable (49,000)

Issuance of common stock 241,000

Net cash from financing activities 161,000

Increase / (Decrease) in cash (41,000)

Beginning cash balance -

Ending cash balance  (41,000) 

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3 years ago

Training employees to effectively deal with customers, providing better assistance to customers, and explaining the use of compl

sesenic [268]

The correct answer is delivery gap. This is the gap between what the customer knows and wants and what you're providing him. If you train your employees well, then the gap will be lower meaning that the customers won't mess things up and will use what they're buying properly. This not only often saves the customer if something complicated and dangerous is used, but it also prevents you from being sued if something malfunctions due to human error.

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3 years ago