Answer:
Entrepreneurship is the ability to create and build something from practically nothing. It is initiating, doing, achieving, risk – taking and building an enterprise. organizations, particularly new businesses generally in response to identified opportunities.
The correct option is this: TOTAL ASSET DECREASES WHEN THE LENDING TRANSACTION OCCUR BUT INCREASE WHEN THE AMOUNT BORROWED BY THE CUSTOMER IS REPAID.
When a loan is given out, the asset account will be debited while the cash account is credited. This means that, at the point of giving the loan, the value of one's asset has decrease. Asset value will increase when the loan is paid.
Answer:
This will be false
Explanation:
Base on the scenario been described in the question, it is false because the rate can go above 8% at the first adjustment and according to how high the chosen index might rise, it can also go above 11% which is stated that it cannot, so it is false.
Answer:
The amount of sales that will be necessary to earn the desired profit is 16000 units
Explanation:
To get the amount of sales to earn $10000, we make the following equation.
Profit =Sales -variable cost-fixed cost
Profit=10000
Sales=$5.00x
Variable cost= $2.50x
Fixed cost=$30,000
Replacing,
10000=5x-2.5x-30000
10000+30000=2.5x
x=40000/2.5
x=16000
Answer:
define the problem and research objectives.
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