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2 years ago

Identify ten entrepreneur and classify them under the types of entrepreneur

Business

1 answer:

n200080 [17]2 years ago

3 0

Answer: There are only five types of entrepenuer...

1. Skeptical entreprenuer: Sees the success of others and questions it.

2. Copycat entreprenuer: Sees the success of others and copys them exactly.

3. Research entrepreneur: They research every possible scenario and outcome for strategies to start or grow a business...

4. The determined entrepreneur: - hasn't made it yet- but will.

5. The accolmplished entrepreneur: Has gone through all types of entrepreneur and has built success from it.

Explanation: Hope this helps!

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A company has a beginning inventory of $ 20 comma 000 and purchases during the year of $ 130 comma 000. The beginning inventory

ollegr [7]

Answer:

$66,680

Explanation:

The computation of the cost pf goods sold is shown below:

= Number of units sold × average cost per unit

where,

Number of units sold equals to

= Beginning inventory units + purchased units - ending inventory units units

= 3,000 units + 6,000 units - 5,000 units

= 4,000 units

Now the average cost per unit would be

= (Beginning inventory + purchases) ÷ (Beginning inventory units + purchased units)

= ($20,000 + $130,000) ÷ (3,000 units + 6,000 units)

= $16.67

Now put these values to the above formula

So, the value would equal to

= $4,000 units × $16.67

= $66,680

7 0

2 years ago

Why is it important to ask an interviewer at least one question at the end of an interview? (Site 1)

Basile [38]

it is important because u might not get the thing u are actually looking for you might be considered as the smartest but also weird

I hope this is what u are looking 4 :)

5 0

3 years ago

Read 2 more answers

The following information is related to Splish Company for 2020.

finlep [7]

Answer:

Net income is $2,034,560.

Explanation:

The multiple-step income statement refers to an income statement that segregates operating revenues and operating expenses of an organisation from its nonoperating revenues, nonoperating expenses, gains, and losses. In addition, gross profit which is net sales revenue minus the cost of goods sold.

The multiple-step income statement is an alternative to the single-step income statement which reports uses just one equation to calculate profits by deducting total revenue from total expenses from segregating them.

The multiple step income statement of Splish Company for 2020 will look as follows:

Splish Company

Income Statement

For the Year Ended December 31, 2020

Particulars $ $

Sales Revenue 34,000,000

Cost of goods sold (21,760,000)

Gross profit 12,240,000

Selling and administrative expenses (6,392,000)

Income from operation 5,848,000

Other revenues and gains

Interest revenue 95,200

Gain on the sale of investments 149,600

Total other revenues and gains 244,800

6,092,800

Other expenses and losses

Write-off of goodwill (1,115,200)

Loss due to flood damage (530,400)

Total other expenses and losses (1,645,600)

Income from continuing op. b4 tax 4,447,200

Income taxes (1,691,840)

Income from continuing operation 2,755,360

Discontinued operation

Loss on disposal (net of tax) (598,400)

Loss on operations (net of tax) (122,400)

(720,800)

Net income  2,034,560 

6 0

3 years ago

Sully Company provided the following information for last month: Production in units 3,000 Direct materials cost $7,000 Direct l

sergiy2304 [10]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Production in units 3,000

Direct materials cost $7,000

Direct labor cost $10,000

Overhead cost $9,600

Sales commission per unit sold $4

Price per unit sold $29

Fixed selling and administrative expense $7,000

First, we need to calculate the cost of goods sold:

cost of goods sold= direct material + direct labor + overhead

COGS= 7,000 + 10,000 + 9,600= 26,600

We need to make an income statement to determine the net operating income:

Sales= 29*3,000= 87,000

COGS= (26,600)

Gross profit= 60,400

Variable selling cost= (4*3,000)= (12,000)

Fixed selling and administrative expense= (7,000)

Net operating income= 41,400

4 0

3 years ago

Read 2 more answers

High GDP and high price levels best describes what phase of the business cycle?

choli [55]

It’s at its peak in the business cycle

5 0

2 years ago

Identify ten entrepreneur and classify them under the types of entrepreneur​

Identify ten entrepreneur and classify them under the types of entrepreneur