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3 years ago

what a successful entrepreneur's profile is and to determine whether your personal characteristics fit that profile. I

Business

1 answer:

ANTONII [103]3 years ago

7 0

Answer:

Explanation:

A successful entrepreneur’s profile is characterized of the following:

1) Self-control: this is the belief that you can do a certain job better than others in the most accountable and responsible manner.

2) Self-confidence: it refers to the never-ending spirit of urgency to develop ideas

3) Realism: it refers to the acceptance of the things as they occur and dealing with them cautiously.

4) Conceptual capability: it refers to an entrepreneur’s ability to recognize relationships swiftly even in the midst of difficult situations.

5) Comprehensive awareness: it refers to the ability to understand complicated situations through planning, strategic decision making, and pursuing multiple business ideas concurrently.

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As of December 31, 2020, Gill Co. reported accounts receivable of $216,000 and an allowance for uncollectible accounts of $8,400

melamori03 [73]

Answer:

$6,574

Explanation:

Allowance for uncollectible accounts is a contra asset account and it has credit nature. It needs to be debited to decrease the balance and credited to increase the balance. Balance of this account is adjusted in the account receivable to report the net receivable balance in the balance sheet.

As per given data

Beginning allowance for uncollectible accounts balance = $216,000

Write off is the adjustment mad in this account and it needs to be debited in this account, this transaction will reduce the balance.

Adjusted Balance = $8,400 - 7,800 = $600

Account receivable balance = $216,000 + 1,007,800 - $978,000 = $245,800

Estimated allowance for uncollectible accounts balance = $245,800 x 3% = $7,374

As allowance for uncollectible accounts has already have balance of $600, Bad debt expense for the year is $6,574 ($7,374 - $800)

4 0

4 years ago

On average hotel guests who take elevators weigh about 150 pounds

zheka24 [161]

<span>Answer: On average, hotel guests who take elevators weigh about 150 lbs with a standard deviation of about 35 lbs. An engineer is designing a large elevator for a convention hotel, to lift 50 such people.</span>

5 0

3 years ago

Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshak

jek_recluse [69]

Answer:

The correct answer is 5.

Explanation:

Faruq's income is $100. The price of tacos is $10. The price of milkshakes is $2.

If Faruq spends all his income on tacos he will be able to purchase

= $\frac{100}{10}$

= 10 tacos

If Faruq spends all his income on milkshakes he will be able to purchase

= $\frac{100}{2}$

= 50 milkshakes

So out of his total income he can either have 50 milkshakes or 10 tacos.

The opportunity cost of a taco will be

= $\frac{whta\ is\ sacrificed}{what\ is\ gained}$

= $\frac{50}{10}$

= 5

7 0

3 years ago

Coronado Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures w

lubasha [3.4K]

Answer:

Coronado Industries

The weighted-average accumulated expenditures are:

= $8,388,333.

Explanation:

a) Data and Calculations:

Amount borrowed on June 1 = $3,170,000

Interest rate = 13%

Outstanding 11% 3-year note payable = $6,350,000

Outstanding 12% 4-year note payable = $12,350,000

Date Expenditure Weight Weighted-Average

Expenditure

March 1 $6,370,000 10/12 $5,308,333

June 1 $5,280,000 7/12 3,080,000

December 31 $8,650,000 0/12 0

Weighted-average accumulated expenditure $8,388,333

7 0

3 years ago

Liquidity is the amount of cash you have plus any other assets that you can quickly convert into cash.

luda_lava [24]

You oba si ..yay maak mubia is blua

5 0

4 years ago