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3 years ago

What is an advantage of entrepreneurship

Business

2 answers:

elena55 [62]3 years ago

7 0

Answer:

Let's start by briefly defining what a entrepeneur is. An entrepeneur is one who seeks to start a business in order to have a company. These people are responsible for assuming the economic risks that every company can have.

Then I will tell you some of the advantages of being a entrepeneur so you can choose the one you want:

You manage your own salary. You will not depend on a boss who pays you a salary that you believe is unfair, but you will earn as much money as you can depending on the effort and dedication you put into your company.

You can decide your work schedules and days, this is because you are your own boss, therefore you will work as much as you want.

You will acquire leadership skills and you will be well regarded in front of others.

Margarita [4]3 years ago

6 0

Entrepreneurship comes with its share of ups and downs. The most obvious advantage is the opportunity to be your own boss. Being in charge and making the important decisions regarding your business can be fulfilling, but it can also be challenging.

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HELP ASAP In which situation would government regulation most likely be necessary?

ozzi

Answer:

Explanation:

A factory requires employees to work in unsafe conditions.

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2 years ago

Vertical integration allows the firm to gain market power as the firm develops the ability to save on its operations, avoid mark

Wewaii [24]

True i answered this question in class

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2 years ago

Materials purchased on account during the month amounted to $190,000. Materials requisitioned and placed in production totaled $

svetoff [14.1K]

The entry to record the transaction for materials requisitioned by the production department is to

Debit WIP $156,000

Credit Materials $156,000

Organization accountants should account for direct and indirect materials one after the other. The magazine entry for direct substances, this is, substances that can be without delay traced to merchandise, is a debit to the paintings in technique and a credit to the raw materials inventory accounts.

To file materials used in manufacturing, a debit for the value of raw substances is made to the WIP inventory account and a credit score is made to the raw substances account. Exertion fees are spilt between direct and indirect labor.

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1 year ago

Iggie took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to

tiny-mole [99]

Answer:

$36,000

Explanation:

The computation of the lggie's salary is shown below:

= (Iggie salary in 1974) × (2003 price index ÷ 1974 price index)

= ($10,000) × (180 ÷ 50)

= $10,000 × 3.6

= $36,000

Since we have to compute the 2003 salary based on 1974 salary so we consider the 1974 salary and took the 2003 price index as a numerator and 1974 price index as a denominator.

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2 years ago

Contribution Income Statement and Cost-Volume-Profit Graph Picnic Time produces a picnic basket that is sold for $100 per unit.

Ira Lisetskai [31]

Answer:

Graph Picnic Time

Contribution Income Statement

For the Month of July

Sales $400,000

Less variable costs:

Direct materials $100,000

Direct labor 60,000

Manufacturing overhead 20,000

Selling and administrative 16,000

Total variable costs $196,000

Contribution margin $204,000

Less fixed cost:

Manufacturing overhead $36,000

Selling and administrative 68,000

Total fixed costs $104,000

Profit $100,000

Explanation:

a) Data and Calculations:

Selling price per picnic basket = $100

July Production and sales = 4,000 baskets

Variable Costs per Unit:

Manufacturing:

Direct materials $25

Direct labor 15

Manufacturing overhead 5

Total $45

Selling and administrative 4

Total $49

Fixed Costs per Month

Manufacturing overhead $36,000

Selling and administrative 68,000

Total $104,000

Contribution Income Statement

For the Month of July

Sales $400,000 ($100 * 4,000)

Less variable costs:

Direct materials $100,000 ($24 * 4,000)

Direct labor 60,000 ($15 * 4,000)

Manufacturing overhead 20,000 ($5 * 4,000)

Selling and administrative 16,000($4 * 4,000)

Total variable costs $196,000

Contribution margin $204,000

Less fixed cost:

Manufacturing overhead $36,000

Selling and administrative 68,000

Total fixed costs $104,000

Profit $100,000

8 0

3 years ago