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3 years ago

Potential entrepreneurs would be well advised to surround themselves with people who are smarter than they are.

Business

1 answer:

NARA [144]3 years ago

5 0

Answer:

a. True

Explanation:

The entrepreneurs who are potential wants them to surround themselves with the people who are more smarter with them so that they would feel more challenging due to which they make the plans accordingly also it keeps the eye to the people what they are doing so accordingly they would make the strategies in order to capture the market share

therefore the given statement is true

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On January 1, 2021, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The

Setler [38]

Answer:

1. In 2021, Capitalized interest = $205,000

2. In 2022, Capitalized interest = $3,870,000

3. Total cost = $5,231,980

Explanation:

See the attached file for the calculation

3 0

3 years ago

According to revised weight-loss prediction equations, a deficit of 10 kilocalories per day leads to an average weight loss of _

Nat2105 [25]

<span>According to revised weight-loss prediction equations, a deficit of 10 kilocalories per day leads to an average weight loss of one pound over a 3-year period. Also if you noticed that during your losing of weight program you slowed down, it means that you have to increase your physical activity to compensate for it.</span>

6 0

4 years ago

K owns a variable annuity with an assumed interest rate of 4%. If the actual performance of the separate account(s) is 5%, the e

pickupchik [31]

Answer:

Since the actual performance of the separate account is actually higher than the assumed interest by 1 %, this means that K will be paid 1% more on the value of his/her annuity account.

Explanation:

An annuity account is a policy holder's investment account where the insurance company invests on behalf of the annuitant. The insurance company determine an assumed interest rate that will cover for the insurance company costs and the profit margin that will be paid to the annuitant periodically.

Annuity interest help investors plan for retirement income since the annuitant knows how much they expect to receive upon maturity of the policy. Knowing how to calculate the value of an annuity can also help investors to consider other investment options.

An assumed interest rate that is determined by the insurance company. This is the value of the annuity account and the annuitant should not be paid below the value of this rate. The actual interest rate is the actual performance of the investment in the market. If this rate increases, then the value of payment to be made to the annuitant also increases.

In our case, the actual performance of the separate account is actually higher than the assumed interest by 1 % this means that K will be paid 1% more on the value of his/her annuity account.

4 0

4 years ago

Year Cash Flow 0 –$ 8,300 1 2,100 2 3,000 3 2,300 4 1,700 What is the payback period for the set of cash flows given above? (Do

Readme [11.4K]

Answer:

3.53 years

Explanation:

The computation of the payback period is shown below:

In year 0 = $8,300

In year 1 = $2,100

In year 2 = $3,000

In year 3 = $2,300

In year 4 = $1,700

If we sum the first 3 year cash inflows than it would be $7,400

Now we subtract the $7,400 from the $8,300 , so the amount is $900 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $1,700

So, the payback period equal to

= 3 years + $900 ÷ $1,700

= 3.53 years

7 0

3 years ago

Flounder Corporation owns machinery that cost $26,400 when purchased on July 1, 2017. Depreciation has been recorded at a rate o

Alecsey [184]

Answer:

A. Dr Depreciation Expense $2,123

Cr Accumulated Depreciation $2,123

B. Dr Cash $13,860

Dr Accumulated Depreciation$13,211

Cr Machiner$26,400

Cr Gain on Disposal of Machinery$671

Explanation:

Preparation of the journal entries to (a) update depreciation for 2021 and (b) record the sale.

A. Preparation of the journal entries to (a) update depreciation for 2021

Dr Depreciation Expense $2,123

Cr Accumulated Depreciation $2,123

(3185*8/12)

B. Preparation of the journal entries to record the sale

Dr Cash $13,860

Dr Accumulated Depreciation$13,211

($11,088+$2,123)

Cr Machiner$26,400

Cr Gain on Disposal of Machinery$671

[($13,860+$13,211)+$26,400]

7 0

3 years ago