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2 years ago

A key characteristic of a successful entrepreneur is:

Business

1 answer:

avanturin [10]2 years ago

6 0

Answer:

C) Learning to fail intelligently

Explanation:

Economics recognizes four factors of production, the first three are land, labor and capital:

land: includes any raw materials and natural resources used to produce other goods
labor: human work involved in the production process.
capital: physical tools and equipment involved in the production process

The fourth and probably most important factor is entrepreneurship. An entrepreneur is the person that combines all the other 3 factors of production into a business. Entrepreneurs take the risk of setting up their own business and many times are great innovators that are able to recognize opportunities and take them.

But doing business is not easy and being an entrepreneur is even harder. No matter how much positive energy and great ideas an entrepreneur has, there is chance that he will fail several times. Creative processes are not linear, they work on a trial and error basis and sometimes that also applies to running a new business. But as the great Micheal Jordan said," the important thing is not how many times you fall, but how many times you stand up."

high energy level

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Using account analysis, what type of cost is the fee the airline company charges for your bags assuming a typical policy is $25

Serga [27]

Answer:

Step cost

Explanation:

Airline company charging for bags is a type of step cost. Step costs are costs that remain fixed within a stipulated range, thereafter which it changes.

For a particular level of activity, cost remains the same. After this level is crossed, cost is increased to accommodate additional charges that the company has to bear.

In this case, cost remains same between 0 and 50 lbs weight of bag that is $25. If the weight of bag is beyond 50 lbs, then charges increase to $75. This is an example of step cost.

6 0

2 years ago

Fast Rocket, Inc. generated a net loss of $5,000 in its first year (2018) and taxable income of $15,000 in its second (2019). As

o-na [289]

Answer:

$2100

Explanation:

Net loss = $5000

Taxable income = $15000

Tax rate = 21%

Fast Rocket's total tax for both years is determined by

Taxable income minus net loss multiplied by tax rate

= $(15000-5000) × 21%

= $10000 × 0.21

= $2,100

Fast Rocket's total tax for both years = $2100

5 0

2 years ago

actor Co. can produce a unit of product for the following costs: Direct material $ 8.60 Direct labor 24.60 Overhead 43.00 Total

leva [86]

Answer:

Relevant cost to make = Direct materials + Direct labor + Variable overhead

Relevant cost to make = $8.60 + $24.60 + $43.00 (1-60%)

Relevant cost to make = $8.60 + $24.60 + $17.20

Relevant cost to make = $50.40

Outside supplier cost ($48.40) < Relevant cost to make ($50.40). So, Factor should choose to buy because the relevent cost is less than outside supplier cost.

5 0

2 years ago

Vilas Company is considering a capital investment of $190,900 in additional production facilities. The new machinery is expected

makvit [3.9K]

Answer:

See below.

Explanation:

For payback period we use,

Payback = Initial outlay / Annual cash flow

Payback = 190,900/49,900 = 3.82 years

Annual rate of return is calculated as follows,

Annual rate of return = Average profit / Initial outlay *100%

Annual Rate of return = 11600/190,900) *100% = 6.08%

To calculate the NPV we discount the cash flows.

12% annuity factor for 5 years = 3.6048

PV of cash flows = 49,900*3.6048 = $179,879.52

NPV = 179879.52 - 190,900 = -$11,020.48 (negative)

Hope that helps.

4 0

2 years ago

Loews corporation, a conglomerate with 15 billion usd in revenues, competes across several industries including oil and gas, tob

Dvinal [7]

The statement above is FALSE.
Loews conglomeration is into many businesses including hotels, insurance, watches, oil, gas, tobacco, etc. The diversification strategy of the company is to buy up firms that are in financial mess, turn them into profitable ventures and then sell them at a premium. They also diversified by investing into new business fields.

7 0

2 years ago