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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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.Given the following information on an interest-only mortgage, calculate the monthly mortgage payment. Loan amount: $56,000, Ter

Lyrx [107]

Answer:

The monthly loan interest = $350

Explanation:

<em>Loan amortization (repayment mortgage)</em>

A repayment mortage is such that a mortgage is repaid using a series of equal installments . Each installmet pays the interest accrued and a portion of the loan

<em>Interest only-mortgage</em>

On the other hand, under an interest only mortgage the borrower is required to pay only the interest due on the loan monthly , the principal can be paid in a lump sum at the end of the loan period.

The advanatage of an interest only mortgage is that it makes mortgage very accessible and affordable. However, the borrower will still be owing the principal amount of the mortgage at the end of the loan period, which might mean a cash flow pressure.

We can work out the monthly pay for an interest only mortgage as foolws:

Monthly repayment =( Loan amount× rate (%) × year)/(year × 12)

The monthly loan interest = (56,000× 7.5% × 15)/12×15

=$350

The monthly loan interest = $350

8 0

3 years ago

Milly Garcia, the marketing manager for ABCDE Firm, believes for her company to succeed in international markets, it must addres

Alecsey [184]

Answer: Marketing mix

Explanation:

Marketing mix is a combination of factors that are controlled by a company in order to influence the consumers to buy its products.

Marketing mix is a foundation model for firms, and it centered around the price, product, place, and promotion. Marketing mix is the marketing tools that a firm uses to achieve its marketing objectives in the market.

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3 years ago

Beatty, Inc. acquires 100% of the voting stock of Gataux Company on January 1, 2012 for $500,000 cash. A contingent payment of $

stira [4]

It is $1,500. Because it is all good.

7 0

3 years ago

Read 2 more answers

Which of the following most accurately explains why fiat money has value ?

rodikova [14]

Answer:

MRCORRECT has answered the question

Explanation:

Fiat money has value because the government declares that it has value.

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3 years ago

On January 2, 2016, Alpha Company purchased a patent for $38,500 plus $2,000 in legal fees. On that date, the patent had a remai

Fittoniya [83]

Answer:

General Journal entry:

Account Debit Credit

Amortization expense $6,750

Accumulated Amortization $6,750

(patent)

Explanation:

Given Data:

Price of patent=$38,500

Legal fees=$2,000

legal Life=13 years

useful life=6 years

Required:

Journal Entry

Solution:

Amortization:

For intangible assets, amortization is the decrease in book value over the period of time. However intangible assets have no physical appearance and they do not face any damage like fixed assets but with the passage of time their value decrease.

Calculating amortization expense for one year:

Amortization expense= $\frac{Purchase\ Price+Legal\ Fees}{Useful\ Life}$

$Amortization\ expense=\frac{\$38,500+\$2000}{6}\\ Amortization\ expense=\$6,750$

General Journal entry:

Account Debit Credit

Amortization expense $6,750

Accumulated Amortization $6,750

(patent)

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3 years ago