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3 years ago

Select the true statement(s) about entrepreneurs.

2 answers:

5 0

The most appropriate answer is Entrepreneurs believe they can make a profit from their invention

That's why a lot of entrepreneurs were a college dropout. Rather than following what people say they have to do in order to earn money, they believe in their inventions and decided to pursue it

Leokris [45]3 years ago

3 0

Answer: statement C

Explanation: In simple words, an entrepreneur refers to an individual who manages and operates a business with the objective of earning monetary benefits and bore more than the average risk to do so.

These individuals are the idea generates for the business and usually tries to sell their new invention into the market with the hope of earning lots of money.

Hence from the above we can conclude that the correct option is C.

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Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months for the current year are as

Andrew [12]

Answer:

13,750 lamps

Explanation:

Calculation to determine How many lamps should be produced in October

Numbers of lamps=(13,000 × 0.25) + 14,000 − (14,000 × 0.25)

Numbers of lamps=3,250+14,000-3,500

Numbers of lamps= 13,750 lamps

Therefore The numbers of lamps that lamps should be produced in October is 13,750 lamps

8 0

3 years ago

The Drogon Co. just issued a dividend of $3.00 per share on its common stock. The company is expected to maintain a constant 6.2

Mars2501 [29]

Answer:

The company’s cost of equity is 11.51%.

Explanation:

Please find the below for detailed explanations and calculations:

The company's cost of equity need to be found is the discounted rate that will bring net present value of its projected future dividend to its current stock price.

Denote cost of equity need to be found is x.

We apply the formula to calculated the present value of growing perpetuity to find x as shown below:

[ 3 x ( 1+0.062) ] / ( x - 0.062) = 60 <=> 3.186 / ( x - 0.062) = 60 <=> x = 11.51%.

Thus, the company's cost of equity is 11.51%.

5 0

3 years ago

Cougar Corporation bought inventory on account on August 23rd. Cougar paid its supplier for the inventory on August 28th. Cougar

Aloiza [94]

Answer:

"B"

Explanation:

Expenses are recognized under the accrual accounting principle.

Before expenses can be recognized under accrual method , it must be matched to a particular revenue.This means that expenses are recognized in the period that the expense was able to generate a revenue. In other words , it in recorded in the period in which it was sold and not the period it was bought.

This is done to improve the quality , accuracy of financial statement to give a true representation of an organization.

4 0

3 years ago

Suppose real GDP is forecasted to grow by 2.78 %, the velocity of money has been stable, and the Fed announces an inflation targ

Vadim26 [7]

Answer: 6.48%

Explanation:

This can be solved using the Quantity theory of money;

MV = PY

When dealing with changes, formula changes to;

% change in Money Supply + %change in velocity = %change in price + %change in real GDP

Velocity has been stable so will be zero.

change in money supply = 3.70% + 2.78%

= 6.48%

6 0

3 years ago

Assume that Parker Co. will receive SF200,000 in 360 days. Assume the following interest rates: U.S. Switzerland 360-day borrowi

frez [133]

Answer:

d. $96,914

Explanation:

Parker Co. can execute money market hedge in following steps:

(1) Parker Co. pledges Receivable of SF200,000 to borrow SF190,476 with rate 5% in Switzerland; SF190,476 = SF200,000/ (1+5%)

so it has to pay interest expense of SF9,524 in 360 days. The receivable of SF200,000 is enough for both principal and interest in 360 days.

(2) Then it sells SF190,476 at spot rate $0.48 to get $91,428

(3) Then it deposits $91,428 in US with rate 6% to get back $96,914 in 360 days ; $96,914 = $91,428 * (1+6%)

3 0

4 years ago