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Novay_Z [31]
3 years ago
13

Identify five entrepreneurial qualities that have contributed to the success of his/her business .justify your answer

Business
1 answer:
statuscvo [17]3 years ago
5 0

The entrepreneurial qualities that helps any businessman to be successful in his or her business are as follows:

1) The quality of goods and services should be maintained.

2) The information regarding the product needs to be disseminated to the public.

3) Finance and funding should be taken care of to avoid illegal profits and bankruptcy.

4) True and fair means of practices should be followed.

5) The entrepreneur should be accountable and responsible for the services provided by him.

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A company purchased land for $350, 000 cash. Real estate brokers commission was $25,000 and $35,000 was spent for demolishing an
docker41 [41]

Under the historical cost principle the cost of land would be recorded at: <u>d. $410,000 </u>.

<u>Explanation</u>:

<em><u>Given</u></em>:

Purchase cost of land = $350,000

Brokers commission = $25,000

Cost for demolishing old building = $35,000

Principle cost of land = ?

Principle cost of land= Purchase cost of land+ Brokers commission+ Cost for demolishing old building

            = $350,000+$25,000+$35,000

            = $410,000

Principle cost of land= $410,000

The correct option is <u>d.$410,000</u>.

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