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4 years ago

What is an advantage of entrepreneurship

Business

2 answers:

elena55 [62]4 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]4 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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Answer:

Unilever is applying its understanding of internal consumer processes by using several points of the psychological core to market its product in order to create valuefrom customers in return. ... It creates a relationship between the customer and the brand.

Explanation:

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3 years ago

8th business day of this month

Sonbull [250]

Tuesday the twelfth is the answer. A business day is essential a work day, which is Monday through Friday.

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3 years ago

Mary Sunny began business as Sunny Law Firm on November 1. Record the following November transactions by making entries directly

Alenkinab [10]

Answer:

Dr. Cash 15000

Dr. Law Library (Asset) 6000

Cr. Mary (Capital Account) 21000

Dr. Office equipment 7500

Cr. Account Payable 7500

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Cr. Income / Revenue 1500

Dr. Account Payable 3500

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Dr. Account Receivable 4000

Cr. Income / Revenue 4000

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Cr. Cash 2000

Dr. Cash 2500

Cr. Account Receivable (e) 2500

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Cr. Cash 2500

Explanation:

*Trial Balance and T accounts are made in an MS Excel file which is attached please find.

Download xlsx

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3 years ago

Consider some determinants of the price elasticity of demand: • The availability of close substitutes• Whether the good is a nec

kondor19780726 [428]

Answer:

Inelastic demand, Amputation procedure

Explanation:

The good with no close substitute is likely to experience inelastic demand because the consumer does not any close substitute to change to, this means that even when price is increased, the consumer is not likely to stop buying if the good is a necessary good.

The Amputation procedure will have least elastic demand because the diabetes sufferer does not have close substitute to change to when price increase while Diamond necklace is a luxury good, when the price is increased the consumer stop buying or switch to other luxury goods such as gold, silver that are equally used for decoration purposes.

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3 years ago

Revenues are normally recognized when the company transfers promised goods or services in the amount the company expects to be e

iren [92.7K]

Answer:

A. None

B. Interest revenue $1,500

C. Sales revenue $32,000

D. None

E. Sales revenue $16,000

F. None

G. None

H. None

I. None

J. Revenue tickets sales $10,000,000

K. None

L. $96,000

M. 300

Explanation:

Indication for the revenue account title and amount for each transaction

a. Since we were told that Subscription will begins in next fiscal this means that Revenue amount will be earned when subscription begins in the next fiscal year.

b. Annual interest = $1,500

Interest revenue earned in September = 1,500 / 12

Interest revenue earned in September = $125

c. Based on the information given the amount of Revenue to be recognized for cash equivalent sales value will be $32,000

d. Since we were told that PVH has just received the order in the month of September this means that no revenue can be recognized.

e. Revenue to be recognized = 1,000 * $16

Revenue to be recognized = $16,000

f. Bssed on the information given the revenue amount has already been recognized when the order made is satisfied.

g. Based on the information given the payment that was made is for travel in January which means that revenue is to be recognized only when travel takes place. Hence, No revenue will be recognized in September.

h. Based on the information given the Issue of common stock will not be a sales transaction.

i. Based on the information given the amount of Cash received in the month of September is Únearned revenue reason been that revenue will be recognized l when football game is been played.

j. Based on the information given out of 7 games, first game is played, which means that the Revenue amount to be recognized will be :

Revenue= 70,000,000/ 7

Revenue = $10,000,000

k. Based on the information advance amount for future construction was received which is 'Unearned Revenue' therefore No revenue is earned yet.

l. Since It is sales on account the evenue to be recognized will be the amount of $96,000

m. Revenue to be recognized will be the amount of $300 because payment was made through credit card

Therefore the summary of Revenue account affected and Amount of Revenue earned in September is :

Revenue account affected; Amount of Revenue earned in September

A. None

B. Interest revenue $1,500

C. Sales revenue $32,000

D. None

E. Sales revenue $16,000

F. None

G. None

H. None

I. None

J. Revenue tickets sales $10,000,000

K. None

L. $96,000

M. 300

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4 years ago