It is important for an entrepreneur to have <u>area of specialization</u> when approaching an angel investor or venture capitalist
Just as the venture capitalist has to be careful in selecting his investment, the entrepreneur should also take several factors into account while selecting a venture capitalist. The entrepreneur should take care in selecting the right venture capitalist to approach based on the venture capitalist's area of specialization.
The entrepreneur while approaching venture capitalist should have a detailed and well organized business plan as is the only way to gain a venture capitalists attention and obtain funding. They do not invest on a two page summary.
Hence, it is important for an entrepreneur to have area of specialization.
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<span>Both of these examples are illustrative of the "behavior" element of the assertive message format. These example are objective in that they only outlined what happened in a given situation. Although the second may appear to have an emotional connotation, it simply gives an objective impression of what happened.</span>
Answer:
it is just as easy to start a business overseas as it is in the U.S.
Explanation:
Foreign trade is the exchange of goods and services across international borders.
For example, if a car is bought from china and brought into the US, foreign trade has occurred.
Foreign trade has two components :
export would comprise of goods and services produced in the US that are been sold to foreign countries
Import would comprise of foreign produced goods and services that are been sold in the US
Reasons for participating in foreign trade
- According to economic theory, a country should specialise in the production of good for which it has a comparative advantage and import goods for which it does not have a comparative advantage in its production . A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
- Some countries do not have the resources needed to produce all the goods needed e.g. some countries do not have crude oil and would have to import from oil producing countries
- For most countries, it is impractical to produce all the goods they need.
Answer:
$9.75
Explanation:
the contribution margin of product J = $23.70 - $15.65 = $8.05
the contribution margin of product D = $43.65 - ($9.75 + $15.65) = $18.25
the differential cost of producing product D is equal to the additional cost incurred by further processing product J = $9.75
differential costs or expenses are the difference in costs resulting from choosing one activity over another, or like in this case, further processing one product into another.
Answer:
November 27 Debit Credit
Bank $15,750
(15,000+15,000*10%*180/360)
Accrued interest income $125
Interest income $625
Note receivable from customer $15,000
Explanation:
The following journal entry shall be booked by the Louvers, Inc. in its accounts as at November 27 in respect of note from customer:
November 27 Debit Credit
Bank $15,750
(15,000+15,000*10%*180/360)
Accrued interest income $125
(Interest receivable recorded at June 30)
Interest income $625
(Interest income from June 30 to November 27)
Note receivable from customer $15,000