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4 years ago

What are the common sources for startup capital for an Entrepreneur?

Business

1 answer:

Archy [21]4 years ago

7 0

Sources are-

1. Loans from family and friends

2. Loans from banks

3. Investment form angle investors

4. Delivering business pitch to institutions that provide funds to startups.

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If a company has a unique strength relative to its competitors, based on quality, time, cost, or innovation, then the company is

Sunny_sXe [5.5K]

The answer is: A competitive advantage

6 0

2 years ago

eBook Problem Walk-Through Byron Books Inc. recently reported $12 million of net income. Its EBIT was $28.6 million, and its tax

snow_lady [41]

Answer:

Earnings Before Tax (EBT) = $16,000,000

Interest expense = $12,600,000

Explanation:

Earnings Before Tax (EBT) = Net Income / (1 - Tax Rate)

Earnings Before Tax (EBT) = $12,000,000 / ( 1 - 0.25)

Earnings Before Tax (EBT) = $12,000,000 / 0.75

Earnings Before Tax (EBT) = $16,000,000

Interest expense = Earnings Before Interest and taxes (EBIT) - Earnings Before taxes (EBT)

Interest expense = $28,600,000 - $16,000,000

Interest expense = $12,600,000

Income Statement

Details Amount

EBIT $28,600,000

Less: Interest expenses <u>$12,600,000</u>

EBT $16,000,000

Tax at 25% <u>$4,000,000</u>

Net Income $12,000,000

4 0

3 years ago

Which of the following is not an essential part of the accounting records?

Molodets [167]

Answer:

D. The worksheet

Explanation:

Accounting records are documents used to analyze and prepare financial statements. Accounting records are also documents which can be used to assess the performance of a company and also serves as source of records for audit purposes.

The followings are essential parts of accounting records; balance sheet, statement of cash flow, the ledgers , the journals, income statements etc.

7 0

3 years ago

Which of these groups of workers is not a part of Handy's Shamrock organization?

kolezko [41]

Answer:

#1 Outsourced workers

Explanation:

Outsourced workers are not employees of Handy's Shamrock organization. They are workers who have been contracted by Handy Shamrock to carry out specific functions.

In most cases, outsources workers are employed by a company that specializes in certain tasks. For example, Handy Shamrock may need cleaning workers. Instead of hiring cleaners, they may contract a cleaning company to do the job for them. The cleaning company workers that will be cleaning at Handy Shamrock will be outsourced workers.

4 0

3 years ago

Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8%. The date of the loan was September 20. Janet hoped to repa

coldgirl [10]

Answer:

The interest is $189.78

Explanation:

The computation of the interest on January 20 is shown below:

= Principal × interest rate × number of days ÷ total number of days in a year

= $7,000 × 8% × 122 days ÷ 360 days

= $7,000 × 8% × 0.338

= $189.78

The 122 days are calculated below:

September - 10 days

October - 31 days

November - 30 days

December - 31 days

January - 20 days

Total - 122 days

And we assume the 360 days in a year

8 0

3 years ago