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My name is Ann [436]
3 years ago
12

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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If price is greater than average variable cost and less than average total cost at the profit-maximizing quantity of output in t
navik [9.2K]

Answer:

produce at an economic loss.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

In a perfectly competitive market in long-run equilibrium, a long-run equilibrium avails firms the opportunity to adjust all inputs and all fixed costs are maximized. Also, it's characterized by free entry and exit, as such there isn't a fixed number of firms. This simply means that, since the number of firms in a long-run equilibrium can change, a firm must exit the market as a result of losses i.e when the firm is unable to cover its fixed costs in the long-run while new firms are allowed entry into the market when it anticipates potential profits or gains.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

In a nutshell, in the long run equilibrium P=MR=MC and P=AC.

Hence, if price is greater than average variable cost and less than average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm will produce at an economic loss.

Additionally, Average Total Cost (ATC) can be defined as the overall cost of production divided by total output of production. It is calculated by dividing total cost by total output of production or by adding TVC and TFC.

8 0
3 years ago
What are goods?
Papessa [141]
The answer your problem is C
3 0
3 years ago
The financial statements for Harold Corporation contained the following information: Accounts receivable $ 5,000 Sales revenue 7
worty [1.4K]

Answer: $45,000

Explanation:

Given that,

Accounts receivable = $ 5,000

Sales revenue = $75,000

Cash = $15,000

Salaries and wages expense = $20,000

Rent expense = $10,000

Net income = Sales revenue - Salaries and wages expense - Rent expense

                   = $75,000 - $20,000 - $10,000

                   = $45,000

4 0
3 years ago
ou expect General Motors (GM) to have a beta of 1.6 over the next year and the beta of Exxon Mobil (XOM) to be 0.7 over the next
Allisa [31]

Answer: General Motors (GM)

Explanation:

The beta is a measure of the Systematic risk that a security holds. The higher the beta, the more Systematic risk the security has. Market Beta is 1 so anything above 1 is considered to have more Systematic risk than the Market.

General Motors here has a higher beta than Exxon Mobil so has more Systematic risk than Exxon.

3 0
3 years ago
Pace corporation acquired 100 percent of spin company's common stock on January 1, 20X9. Balance sheet data for the two companie
Ray Of Light [21]

Answer:

Pace Corporation and Spin Company

1. Land should be reported in the consolidated balance sheet as

a. $130,000

2. Total assets:

b. $735,000

3. The differential associated with the acquisition:

b. $21,000

4. Goodwill

b. $21,000

5. Amount of liabilities in the consolidated balance sheet:

b. $406,000

Explanation:

a) Data:

Item                                                       Pace              Spin

                                                       Corporation     Company  

Cash                                                  $30,000        $25,000

Accounts Receivable                          80,000          40,000

Inventory                                            150,000          55,000

Land                                                    65,000          40,000

Buildings and Equipment                260,000         160,000

Less: Accumulated Depreciation   (120,000)        (50,000)

Investment: Spin Company Stock   150,000

Total Assets                                   $615,000       $270,000

Accounts Payable                         $45,000         $33,000

Taxes Payable                                20,000              8,000

Bonds Payable                             200,000          100,000

Common Stock                              50,000           20,000

Retained Earnings                       300,000          109,000

Total Liabilities and Stockholders’

  Equity                                      $615,000       $270,000

b) Consolidated Balance Sheets

Item                                     Pace             Spin            Total

                                      Corporation     Company    Group

Cash                                   $30,000      $25,000          $55,000

Accounts Receivable           80,000        40,000           120,000

Inventory                             150,000        60,000          210,000

Land                                     80,000        50,000           130,000

Buildings and Equipment 260,000       160,000         420,000

Less: Accumulated

  Depreciation                  (120,000)      (50,000)         (170,000)

Investment:

 Spin Company Stock      150,000                                 0

Goodwill                                                                           21,000

Total Assets                    $630,000    $285,000       $786,000

Accounts Payable            $45,000       $33,000         $78,000

Taxes Payable                   20,000            8,000           28,000

Bonds Payable                200,000        100,000         300,000

Common Stock                 50,000         20,000           50,000

Retained Earnings          300,000        109,000        300,000

Assets Revaluation           15,000          15,000          30,000

Total Liabilities and Stockholders’

  Equity                        $630,000     $285,000     $786,000

c) Differential on acquisition = investment (of subsidiary) - net assets

= $150,000 - ($270,000 - 141,000)  = $21,000

4 0
3 years ago
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