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Shtirlitz [24]
3 years ago
14

"I am 27 years old and have just finished law school and passed the state bar examination. Now I am ready to begin my new career

as a lawyer. I am not interested in a job with a big firm. I’d like to be more on my own. I have two friends who are in similar situations. But it takes money to start a law practice. A modern law firm needs a lot of business machines—computers, copiers, fax machines, and so on. Even in a small firm the lawyers might need to hire some helpers—a receptionist, maybe a paralegal worker. I want this firm to be a success, but I am not sure I have all the legal and business skills I need to pull it off." What are the advantages and disadvantages of starting own business?
Business
1 answer:
Eduardwww [97]3 years ago
8 0

Answer:

The advantages of starting own business:

  • Flexibility: a person who starts his own business does not necessarily have to work 9/5 monday-friday, he can  set his own schedule. Needless to say, many business owners work longer hours than regular employees, but the do so because of the hope to earn more money from profits than from a regular wage.
  • The possibility of profit: an employee in a legal firm will not be able to obtain any dividends (unless he owns stock), while the very definition of a business owner is someone who obtains profits.
  • Fulfillment: it is probably more fulfilling to see your own business develop and grow than go to work everyday for someone else's company.

Some disdavantages are:

  • Risk: starting a business is risky. The business might result in losses instead of profits, in other words, the business may fail.
  • Capital needs: to start a business, you need some capital, and it is not always easy to obtain. Most business owners either get debts, or liquidate some of their own assets (house, car, etc) to finance the company.
  • Longer work hours: as stated above, it's very likely that a business owner will have to work night and day, especially during the first stages.

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A $ 5000 bond with a coupon rate of 6.7​% paid semiannually has eight years to maturity and a yield to maturity of 7.8​%. If int
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Answer:

As a result of an increase in the YTM, the price of the bond will fall $4677.19 from to $4593.67

Explanation:

The bonds are valued or priced based on the present value of annuity of interest payments and the present value of the principal. Based on the YTM of 7.8% the bonds are priced at,

coupon payment = 5000 * 0.067 *1/2  =  $167.5

Semiannual YTM = 7.8 *0.5  =  3.9%

Semi annual periods to maturity = 8 * 2  =  16 periods

Old Price = 167.5 * [( 1 - (1 + 0.039)^-16  + 5000 / (1+0.039)^16

Old Price = $4677.19

New semiannual YTM = 8.1% / 2  =  4.05%

New Price = 167.5 * [( 1 - (1+0.0405)^-16) / 0.0405] + 5000 / 1.0405^16

New Price = $4593.67

7 0
2 years ago
In his work for a new company, Byron found a flower material that he could use to manufacture dresses. In his career, Byron is m
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Answer:

into how many geographical region Nepal has divided ?describe them in a few line

3 0
3 years ago
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Which of the following is an example of human capital?
Lostsunrise [7]

Answer:

B

Explanation:

b.the amount you get paid each week to work at the library

This is because human capital involves using humans to perform series and output and managing them only option b fall in that line

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3 years ago
Select the correct answer from each drop-down menu.
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Nepal is multi media is co on of this

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2 years ago
he Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket, and has an average of 433 riders a day. The
DedPeter [7]

Answer:

2.77

the bus company should  decrease price to increase revenues.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

percentage change in price = 1.21 / 0.99 - 1 = 0.222 = 22%

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Demand is elastic, so if price in reduced, there would be a rise in quantity demanded that would exceed the rise in price. This would increase revenues

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