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3 years ago

11

True or False: Entrepreneurs are willing to accept risks for an opportunity to earn a salary by producing a new, innovative prod

uct or approach to business.

1 answer:

viva [34]3 years ago

5 0

I believe the answer to this question is "False". Hope this helps! (:

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____ institutions accept and manage customer deposits in checking and savings accounts.

gtnhenbr [62]

Answer:

The correct answer is depository institutions.

Explanation:

We denominate Depository institution to financial entities that can legally receive and manage monetary deposits from costumers.

This institution serves as a way to keep a person's money securely, and thus achieve the physical security of the person who owns the money, since having a certain amount of money with himself can be dangerous.

A client will give his money to a depository institution, which also have several types of bank accounts, and when the client wishes, that money will be returned.

The depository Institution, while saving your money, can use it to make investments or to lend to other costumers.

6 0

3 years ago

A company reports the following:

fredd [130]

Answer:

a. 15 times

b. 24.3 days

Explanation:

The computation is shown below:

a. Accounts receivable turnover

Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable

= $3,150,000 ÷ $210,000

= 15 times

b. Number of days sales in receivables = Total number of days in a year ÷ accounts receivable turnover ratio

= 365 days ÷ 15 times

= 24.3 days

7 0

3 years ago

Sheryl’s Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general and administrative expenses were $1

Amiraneli [1.4K]

Answer:

What are earnings before interest and taxes?

To find this figure, we substract the cost of goods sold, general and administrative expenses, and depreciaction expense from the total sales:

Earnings Before Interest and Taxes (EBIT) = $10,000 - $6,500 - $1,000 - $1,000 = $1,500

What is net income?

To find the net income, we take the EBIT we found above, and substract from it the interest expense, which gives us the taxable income:

Taxable Income = $1,500 - $500

= $1,000

Now that we have the taxable income, we multiply this figure by the tax rate, to obtain the tax expense.

Tax expense = $1,000 x 35%

= $350

Finally, our net income is equal to the taxable income minus the tax expense:

Net Income = $1,000 - $350

= $650

What is cash flow from operations?

We add the non-cash expenses to net income to find this figure. In this case, we only have one non-cash expense: depreciation expense.

Cash flow from operations = $650 + $1,000

= $1,650

8 0

3 years ago

Bill is considering investing $450 at the end of every month in a fixed income instrument. He will receive $27,000 at the end of

Nikitich [7]

Answer:

11.61%

Explanation:

First, find the annual percentage return (APR) of this annuity. Using a financial calculator, input the following;

Recurring payment; PMT = -450

Future value ; FV = 27,000

Duration of investment ; N = 4*12 = 48 months

One -time present value; PV = 0

then compute interest rate; CPT I /Y= 0.92% (this is monthly rate)

APR = 0.92*12 = 11.035%

Effective Annual Rate (EAR) formula is as follows;

EAR = (1+ $\frac{APR}{m}$ ) ^m -1

EAR = 1+ $\frac{0.11035}{12}$ )^12 -1

EAR = 1.1161 -1

EAR = 0.1161 or 11.61%

8 0

3 years ago

Match each situation with the method of government intervention used to rectify it.

Natali5045456 [20]

1:People have too much money, and there is a danger of inflation. - <span>B contractionary fiscal policy
</span><span>
2:The GDP has fallen to an all-time low, and there is low demand for most goods. - </span><span>D:expansionary fiscal policy
</span><span>
3:Few farmers produce cotton because profits are at the equilibrium price. - </span><span>A:price floor
</span><span>
4:Prices of staple foods have shot up because of shortages after an earthquake. - </span>C:price ceiling

5 0

3 years ago

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