The answer to this question is 1900s.
Answer:
Entrepreneurs emphasize the importance of believing in your own ideas because in the process of developing those ideas you are likely to hear from skeptics. Characteristically, they also know that success or failure is "on them." These attributes are described as self-directed and self-nurturing
Explanation:
It is pertinent to note that, every entrepreneur must be self direct i.e generate their ideas themselves and got motivated while nurturing such idea to manifest into big ways
Answer and Explanation:
The computation of the net present value is given below:
a.
As we know that
Net present value
= Annual cash inflows × PVIFA factor at 7% for 35 years - initial investment
= $10,209 × 12.9477 - $118,982.50
= $132,183.0693 - $118,982.50
= $13,200.57
Hence, the net present value is $13,200.57
b. Yes the project should be accepted as it net present value comes in positive amount
The following journal entries will be passed in the books of account
<u>Explanation:</u>
1. cash account will be debited with and amount of 1980 and allowance for doubtful accounts will be debited with an amount of $1210 and accounts receivable - Paula Spitler will be credited with an amount of $3190.
2. accounts receivable - Paula Spitler will be debited with an amount of $1210 and allowance for doubtful accounts will be credited with the same account.
3. Collection - Cash will be debited with an amount of $1210 and accounts receivable will be credited with the same amount.
Answer:
Net decrease in prepaid expenses of $30,000 will be added to the net income in adjustments to net income because it will be considered that working capital (inventory or any other expense) has been generated by the operations.
Net decrease in Accounts payable of $20,000 will be deducted from net income in adjustments to net income because decrease in accounts payable means that cash has been paid to the outstanding payables.
Net effect of the above transactions is $30,000 - $20,000 = $10,000
So, net income will be increased by $10,000 as net effect of the above adjustments.