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Ann [662]
3 years ago
7

What are the opportunities of an entrepreneur

Business
1 answer:
slavikrds [6]3 years ago
8 0
Definition: the skill and risk taking ability of the person who brings the other resources or factors of production together to produce a good or service e.g. the owner of a business. These people are called entrepreneurs

Opportunities of an entrepreneur:
• involves the sale or lease of any product, service, equipment that will enable the purchaser-licensee to begin a business.
• invest in (multiple) businesses
•quality content
• foreign markets
•crowdfunding
You might be interested in
Pease Answer ASAP. I need help with sources to answer the following question:
cestrela7 [59]

Answer:

No, a college degree can help you earn a better salary but nothing is guaranteed. For example, someone with a college degree earns on average around $50,000 per year, while those with only a high school degree earn around $28,000 (that is almost half of a college graduate).

But the salary you earn is not guaranteed, it might be much higher or it might be zero. If you work hard you might get a raise pretty soon or you can get promoted, but if you are lazy then you can get fired.

The income classification is based on income, not on education. There are people who never graduated from college that are extremely rich, e.g. Bill Gates, Mark Zuckerberg, but they are not the majority. That is why they serve as examples so often. Most rich people actually do have a college degree, but they are rich not because of their college degree, but because of their work.

6 0
3 years ago
For each of the following service departments, select the activity base listed that is most appropriate for charging service exp
garik1379 [7]

Answer:

a. Accounts Receivable - Number of sales invoices

b. Central Purchasing - Number of purchase requisitions

c. Computer Support - Number of computers

d. Conferences - Number of conference attendees

e. Employee Travel - Number of travel claims

f. Payroll Accounting - Number of payroll checks

g. Telecommunications - Number of cell phone minutes used

h. Training - Number of employees trained.

Explanation:

a. Accounts Receivable - Number of sales invoices

Accounts receivable occur due to credit sales, and therefore for the Activity base of this we use number of sales invoices.

b. Central Purchasing - Number of purchase requisitions

Purchasing is based on number of requisitions issued for purchase, as before purchasing any material requisitions are raised.

c. Computer Support - Number of computers

Computer support services are based on number of computers through which the service is provided and to be allocated between them.

d. Conferences - Number of conference attendees

The expense of conference shall be divided based on number of attendees for the conference as this is based on the number of personnel attending the conference.

e. Employee Travel - Number of travel claims

Employee travel is such expense that is based on number of employees claiming the travel as this is only to be allocated between employees claiming the travel expense and not all the employees.

g. Telecommunications - Number of cell phone minutes used

The telecommunication expense shall be based on the activity of cell phone minutes usage, as this is the most appropriate activity.

h. Training - Number of employees trained

The training expense is to be allocated based on number of employees trained, as this is not be allocated to employees which required no training.

3 0
3 years ago
Better Corp. (BC) began operations on January 1, Year 1. During Year 1, BC experienced the following accounting events: 1. Acqui
makkiz [27]

Answer:

Better Corp. (BC)

a. Accounting Equation

Assets                =       Liabilities       +               Equity

1. Cash $7,000                                                   Common stock $7,000

2. Cash $12,000        Bank loan payable $12,000

3. Cash $47,000                                                Service Revenue $47,000

4. Cash ($30,000)                                              Op. expenses ($30,000)

5. Cash ($8,000)                                                Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

Assets $28,000   =  Liabilities $12,000  + Equity $16,000

b. Total assets = $28,000

Total liabilities = $12,000

Stockholders' equity = $16,000

Balance Sheet as of December 31, Year 1

Assets:

Cash                     $8,000

Land                  $20,000

Total assets      $28,000

Liabilities:

Bank loan         $12,000

Equity:

Common stock $7,000

R/Earnings          9,000

Total equity    $16,000

Liabilities and

 Equity          $28,000      

c. Total assets = $28,000

Total liabilities = $12,000

Total equity = $16,000

d. The Land will be shown on the December 31, Year balance sheet at $20,000.  The reason is that this is the acquisition cost and the land is not held for trading (no information provided).

Explanation:

a) Data and Analysis based on the Accounting Equation:

1. Cash $7,000 Common stock $7,000

2. Cash $12,000 Bank loan payable $12,000

3. Cash $47,000 Service Revenue $47,000

4. Cash ($30,000) Operating expenses ($30,000)

5. Cash ($8,000) Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

7 0
3 years ago
True or False: A sole proprietor is personally responsible for all of the businesses debts, and may be legally required to pay o
arlik [135]
I have to guess true
8 0
3 years ago
Jose goes to an all-you-can-eat buffet at a Chinese restaurant and consumes three plates of food. He does not go back for a four
kkurt [141]

Answer:

The marginal utility of the fourth plate is zero or below zero

Explanation:

The reason is that the law of diminishing marginal utility says that the marginal utility of a product declines upon continuous consumption of that item. This means that the utility before the consumption of first buffet was high and when the second buffet was consumed by the same person the utility was further reduced and so on. This means that the utility must be positive which if is higher enough then the customer is will to pay and eat the buffet again. If it is zero or below zero the customer is not willing to pay for the buffet. This is the reason the person doesn't ordered the item again.

You can not eat the same buffet for all the 365 days. This means the taste of a tasty food fades away after some time or I would say that the utility is gone. Same is the case when you will keep using cellphone for a period and then sell it or dispose it because the item doesn't entertains you or in other words the utility has significantly fallen and is almost zero or below zero.

5 0
3 years ago
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