Answer:
Rank
1. Customer Focus
2. Executive Intelligence
3. Passion
4. Tenacity
Customer focus is the #1 rank because an entrepreneur is a person who seizes an opportunity in the market, with the goal of provide goods or services to a customer, and obtain economic benefits.
From this reasoning, we can conclude that the success of an entrepreneur depends on satisfying the needs of the customer.
If customers are unsatisfied, they will not seek the entrepreneur's goods or services, and the entreprenuer will fail no matter how much passion, intelligence, or tenacity is put in the work.
One important way in which banks contribute to economic growth is by lending money to enterprises and consumers. Because the enterprises will be able to produce more goods and services and conusmers will be able to buy more products and services.
Provides a loan at the rate of interest is 8% per annum.
<h3>What is a Rate of Interest?</h3>
The interest rate is the amount charged on top of the principal by a lender to a borrower for the use of assets generally chargeable on year bases.
Given,
Loan Amount = $12,000
Instalment payment = $1401.95
Time period = 15 years
Required to calculate Rate of Interest
The calculation of the Rate of Interest is shown in the image given below:
Thus, we get an 8% rate of interest after calculating the above figure. gives a loan of 8% per annum.
Learn more about the Rate of Interest here:
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Answer:
Understated by $112,500
Explanation:
Calculation to determine the Net income
Using this formula
Net income=Overstated beginning inventory×(1-Tax rate)
Let plug in the formula
Net income=$150,000 x (1-25%)
Net income=$150,000×.75
Net income= $112,500 Understated
Therefore As a result of this error, net income was:Understated by $112,500
