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4 years ago

The belief that you have to come up with something no one has ever done before to build a successful business is

Business

2 answers:

fiasKO [112]4 years ago

5 0

Answer:

Wrong

Explanation:

Coming up a something new while trying to run an existing business or opening a new business is a very good idea but making it must to be able to be successful in business is wrong.

it is not absolutely true to come up with something no one has ever done before to be successful in business because most business that have attained a level of success in business are usually modeled towards other similar existing businesses. also it is not a secret to a successful business as well. every entrepreneur has its own model and approach to business which works wonderfully for them.

mote1985 [20]4 years ago

3 0

Simple; It's wrong. Many companys do the same thing and are still successful.

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Assume initially that the price of X (the quantity of which is measured on the horizontal axis) is $9 and the price of Y (the qu

Romashka-Z-Leto [24]

Answer: decrease/decline

Explanation:

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3 years ago

The measure of how long a company holds inventory before selling it is called the

Valentin [98]

Inventory turnover !

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3 years ago

Question 4 of 15. Barney and Len each own 40% of partnership BLT. On September 15, 2019, Barney sells his interest to Ted, who i

pickupchik [31]

Answer: 9/16/2020

Explanation:

Following the information given in the question, it should be noted that the partnership will terminate on 9/16/2020.

A partnership is terminated in a situation whereby there's a transfer of interest such that there's only one partner who then remains. In this casez the termination date will be the date that the interest was sold. Since the sale of interest took place on September 16, 2020, then this will be the termination date.

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3 years ago

When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of _

Alexeev081 [22]

When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of earning a profit.

<h3>Who is an entrepreneur?</h3>

This is the person that is referred to as the one that opens and runs a business for the sake of making gains which is referred to as profit.

The entrepreneur is a person that is interested in being able to come open and run a business and also manage the risks that are involved in the business. Such a person is innovative in nature and they are able to take risks.

Hence When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of earning a profit.

Read more on an entrepreneur here: brainly.com/question/353543

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8 0

2 years ago

Essence of Skunk Fragrances Calculate the average collection period. (Do not round intermediate calculations and round your answ

Greeley [361]

Answer:

1. Average collection period 41.25 days

2. Receivable Turnover 8.84848485

3. Average Receivable $521,558.22

Explanation:

1. Calculation for Average collection period

First step is to calculate the Percentage of customers not receiving discounts

Percentage of customers not receiving discounts = 100% - 65%

Percentage of customers not receiving discounts= 35%

Now let calculate Average collection period

Average collection period = (65% * 15) + (35% *90)

Average collection period = 9.75 + 31.5

Average collection period= 41.25 days

Therefore the Average collection period is 41.25 days

2. Calculation to determine the Receivable Turnover using this formula

Receivable Turnover = 365 / Average collection period

Let plug in the formula

Receivable Turnover = 365/41.25

Receivable Turnover = 8.84848485

Therefore the Receivable Turnover is 8.84848485

3. Calculation to determine the amount of the company’s average receivables

First step is to calculate the Total Credit Sales

Total Credit Sales = $6,500 * $710

Total Credit Sales= $4,615,000

Now let calculate the Average Receivable using this formula

Average Receivable =Credit sales / Receivable turnover

Let plug in the formula

Average Receivable= $4,615,000 /8.84848485

Average Receivable= $521,558.22

Therefore Average Receivable is $521,558.22

6 0

3 years ago