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3 years ago

Compare and contrast the risks and goals of entrepreneurs and inventors.

2 answers:

6 0

<span>The difference of entrepreneurs and inventors is that when it comes to entrepreneur, they are the one responsible of assembling the things of which an inventor creates as the inventors are the one responsible of creating new things. The risk of it is that in entrepreneurs, they have to make the invention more worthy in the eyes of the people to make it grow in the business world while the inventors should make invention in which will be contributing to the society as this will be a building block of their reputation.</span>

suter [353]3 years ago

4 0

The difference between an inventor and an entrepreneur is that, an inventor develops new services and goods but he does not have them to the market. An entrepreneur risks resources may it be human, capital or natural in order to bring to the market improved and new products.

The risk which is incurred between entrepreneur and inventor is that, entrepreneur undergoes huge financial risks because a lot of money is being invested while inventor has low financial risk since there is no big investment which is being required.

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In periods of rising prices, what will lifo produce?.

Mrrafil [7]

Answer:

LIFO. usually results in a balance sheet valuation of inventory farthest away from its economic value. LIFO. would result in the highest after-tax cash flow in periods of rising prices and non-decreasing levels of inventory.

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2 years ago

The following are nine technical accounting terms introduced or emphasized in this chapter. Responsibility margin Transfer price

Ostrovityanka [42]

Answer: Please refer to Explanation

Explanation:

The terms will be listed in bold at the end of the statement. If you require further clarification please do comment.

a. The costs deducted from the contribution margin to determine the responsibility margin. TRACEABLE FIXED COSTS.

b. Cost to produce plus a predetermined markup. COST-PLUS TRANSFER PRICE

c. Fixed costs that are readily controllable by the manager. NONE

d. A subtotal in a responsibility income statement, equal to responsibility margin plus committed fixed costs. PERFORMANCE MARGIN.

e. The subtotal in a responsibility income statement that is most useful in evaluating the short-run effect of various marketing strategies on the income of the business. CONTRIBUTION MARGIN.

f. The subtotal in a responsibility income statement that comes closest to indicating the change in income from operations that would result from closing a particular part of the business. RESPONSIBILITY MARGIN.

g. The amount used in recording products or services supplied by one business unit to another. TRANSFER PRICE.

5 0

3 years ago

In 2005, a loan broker and appraiser working for a subsidiary of Bank of America appraised the Cassies home at a fair market val

Tomtit [17]

Answer:

C. The Cassies will win.

Explanation:

In the given case, the cassies would win as this was appraisal fraud that done by the company employee who is a Bank of america Subsidiary. Here the loan broker and the appraiser increase the fair market value of cassies home i.e. $620,000 but it would be lesser that is $250,000. So this inflate the value in order to make the payment of high rate with related to the mortgage

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3 years ago

FILL IN THE BLANK. The manager of a(n) ______ center does not have control over revenue or the use of investment funds.

irina1246 [14]

Answer: the correct answer would be <u>Profit center.</u>

Explanation:

hope this helps

7 0

1 year ago

Lexis Company purchased equipment on January 1, 2012 for $35,500. The estimated useful life of the equipment was 7 years and the

Naddik [55]

Answer:

The depreciation expense for 2015 is $2,000

Explanation:

The computation of the depreciation expense is shown below:

= (Original cost - residual value) ÷ useful life

= ($35,500 - $4,000) ÷ 7 years

= 4,500

The depreciation for three years would be

= 4,500 × 3 years

= $13,500

The remaining amount would be

= $35,500 - $13,500

= $22,000

So, the depreciation expense for 2015 would be

= ($22,000 - $4,000) ÷ 9 years

= 2,000

7 0

3 years ago