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3 years ago

Identify and explain in detail 5 objectives of an entrepreneur

Business

1 answer:

artcher [175]3 years ago

5 0

Answer & Explanation:

1). PROFITABILITY: Every entrepreneur wants to get and stay profitable. This is a fundamental business goal.

2). EXCELLENT CUSTOMER SERVICE: A customer is seen as the king as without him there is no business. Excellent customer service is a skill and an objective of every enterprenuer.

3). EMPLOYEE ATTRACTION AND RETENTION: A low staff turnover is important for a business as it helps an entrepreneur stay in business.

4). SUSTAINABLE GROWTH: Going concern of a business is an important objective to an enterprenuer.

5). ALIGNING MARKETING AND SALES: Marketing and sales translates to income for a business as its activities generates revenue and keeps the business afloat.

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Plus Company uses the estimate of receivables method of accounting for uncollectible accounts. Plus Co. estimates that $4412 of

Darina [25.2K]

Answer:

$4,412

Explanation:

If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.

That account started the year with a $3,284 balance, it decreased by $1,826 (debt written off), and then must be adjusted by crediting $2,954 so its balance = $4,412 on December 31.

3 0

3 years ago

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.46 mill

muminat

Answer:

1) initial outlay = $2,460,000 + $220,000 = $2,680,000

depreciation expense year 1 = $819,918

depreciation expense year 2 = $1,093,470

depreciation expense year 2 = $364,326

book value at end of year 3 = $182,286

net cash flow year 1 = [($2,000,000 - $711,000 - $819,918) x 0.65] + $819,918 = $1,124,821.30

net cash flow year 2 = [($2,000,000 - $711,000 - $1,093,470) x 0.65] + $1,093,470 = $1,220,564.50

net cash flow year 3 = [($2,000,000 - $711,000 - $364,326) x 0.65] + $364,326 = $965,364.10

terminal value (year 3) = [($182,286 - $300,000) x .65] + $220,000 = $143,485.90

NPV = -$92,854.95

8 0

3 years ago

The entry to accrue a contingent liability reduces equity but not income. is made if it is more likely than not that the liabili

Lorico [155]

Answer:

is made if it is more likely than not that the liability has been incurred.

Explanation:

When contingent liability is recorded it is recorded by debiting income statement and creating a liability in balance sheet, also it is not accounted for until the amount of liability is pretty certain as without being clear about its occurrence and the amount involved the liability cannot be recorded.

There is no such loss account, there exists only income statement.

Therefore, with the above we can conclude that contingent liability is recorded only if:

is made if it is more likely than not that the liability has been incurred.

3 0

4 years ago

Which of the following is not one of the main factors that contribute to fraudulent activity?

Reil [10]

The correct answer is choice b, incompatible duties.

There are three primary reasons why people commit fraudulent activity, which is represented in the Fraud Triangle. The three primary factors that lead to fraud are opportunity, financial pressure and rationalization.

7 0

4 years ago

"Jaylen found the ISBN of the book she wanted to order in the Books in Print catalog. To remember the 11-digit number, 197725529

klio [65]

Answer:

Association

Explanation:

Association is a strategy used to help memorize things, relating them to things you already know, in this case she needs to remember the 11 digit number, and otherwise that would be a very hard task, but by associating it to two numbers that she already knows, like her friends birth year, and her aunts number she just have to remember those two, instead of memorizing the whole number.

5 0

3 years ago