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3 years ago

According to Benjamin Lang what is the hardest thing about being an entrepreneur

Business

1 answer:

MrRissso [65]3 years ago

7 0

Answer:

Benjamin Lang was just 14 years when he decided to become his own business and hence become an entrepreneur. And he soon realized that the biggest challenge in front of him was to win the trust of the clients. And that requires a complete sacrifice plus the best level of skills to tackle the real world and project requirements. It's not that easy to win the trust of the clients. You need to work quite hard to show through your performances that you can fulfill any of the client's requirements, and only then you will be able to ensure that clients trust you, and you end up being a successful entrepreneur.

Explanation:

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The doctrine of promissory estoppel: Select one: a. makes the contracts unenforceable. b. does not make promises enforceable. c.

MrMuchimi

Answer:

protects reliance, not bargains

Explanation:

The Doctrine of Promissory Estoppel aims to protect the mutual reliance that the promiser makes to the promisee while signing a contract or a deal.

It is a legal course of action in many countries which aims to safeguard the contract rules even though the Promissory Estoppel is oral in nature. Breach of trust is highly condemnable as the two parties have engaged in an agreement that centers upon a guarantee irrespective of the situation.

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3 years ago

Selma operates a contractor's supply store. She maintains her books using the cash method. At the end of 2020, her accountant co

Vinvika [58]

Answer:

a. $1,350,000

b. $200,000

Explanation:

a. Selma's accrual basis gross receipts for 2020

= cash receipts + accounts receivables - cash collected from 2019 sales - bank loan

= $1,400,000 + $250,000 - $200,000 -

$100,000

= $1,350,000

b. Selma's gross income from merchandise sales 2020.

We need to calculate first the cost of goods sold during 2020.

The cost of goods sold during 2020

= Total purchase made during 2020 + ending inventory 2019 - ending inventory 2020

= $1,300,000 + $150,000 - $300,000

= $1,150,000

The Gross profit for 2020

= Gross receipts - Cost of goods sold

= $1,350,000 - $1,150,000

= $200,000

7 0

3 years ago

Note that the scale bar under the photo is labeled 1 μm (micrometer). The scale bar works the same way as a scale on a map, wher

Ksivusya [100]

Answer:

Explanation:

because

7 0

3 years ago

The cost-recovery method of recognizing profit for accounting purposes is permitted if a. collections in the year of sale do not

kramer

Answer:

Correct Answer:

c. there is no reasonable basis for estimating collectibility.

Explanation:

The cost recovery method of revenue recognition is a concept in accounting that refers to a method in which a business does not recognize income related to a sale until the cash collected exceeds the cost of the good or service sold. <em>When a situation present itself where there is no reasonable basis for estimating collectibility, it justifies the use of the cost recovery method of revenue and profit recognition.</em>

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3 years ago

The part of the shore that extends seaward from the low tide shoreline to the low tide breaker line is known as the ________.

ozzi

<span>The part of the shore that extends seaward from the low tide shoreline to the low tide breaker line is known as the </span>Nearshore.

5 0

3 years ago