Project: How Entrepreneurs Improve the Economy

Francine is interested in starting a new financial services company where she will manage the investments of others. she wants t

amm1812

Francine would be considered an entrepreneur because she is someone who initiates and assumes the financial risk of a new business enterprise.
An entrepreneur is defined as someone who owns and operates a business or businesses and takes on a greater than normal financial risk to do that. An entrepreneur starts their own business and puts everything they have into making it successful, no matter the risk, they tend to take it to become successful.

4 0

3 years ago

Arlington Town uses an Internal Service Fund to account for its motor pool activities. Based on the following information, calcu

sergij07 [2.7K]

Solution :

The price per trip is given as $=\frac{\text{total cost}}{\text{No. of trips}}$

The number of trips is given as = 800

The total cost calculations are as follows :

Particulars Amount Calculations

Annual cost for automobile van $ 18,000 $\frac{45000 \times 2}{5}$

Cost of driver salary $ 80,000 45000 + 35000

Cost of fringe benefits $ 24,000 80000 x 30%

Cost of insurance $ 2,000 $\frac{6000}{3 \text{ years}}$

Fuel and maintenance $ 8,000

Total cost $ 132,000.00

Therefore the price per trip $=\frac{\$ 132,000}{800 \text{ trips}}$

$= \$ 165 \text{ per trip}$

5 0

2 years ago

In a paragraph, select ONE country (excluding Canada, Cuba and Sweden) and explain where it lies on the continuum of command - m

AnnZ [28]

Answer:

North Korea - Command Economy.

Explanation:

In Command Economy, the government control all means of production. The citizens have no power to actually make efforts to own these resources.

To proof it, we can refer to the economic freedom ranking that was created by Heritage Foundation. From all 180 countries included in the ranking, north Korea placed at the very bottom.

The Government of North Korea have total control of the economy. They determine what products should be made, what type of jobs the citizens can held, and how those resources should be distributed among the people.

4 0

3 years ago

Bruce is the owner of Orion Inc., a manufacturer of electronic gadgets. He wants to hire the most honest job applicants as marke

Evgesh-ka [11]

In the context of employee selection, it can be inferred that Bruce is likely to employ an integrity test .

Explanation: 

The integrity test is a particular kind of psychological test intended to assess whether the individual is trustworthy, truthful and reliable. The lack of integrity is related to fraud, crime, vandalism, disciplinary issues, and absences.

Two main categories of honesty assessments are covert (character-based) tests that assess features relevant to obedience to rules; and transparent measures that analyze a candidate's attitudes to different CWBs explicitly.

Integrity tests can sometimes be reasonable job performance measurements all in all. This isn't shocking, because honesty is strongly linked to perception, which is a strong indicator of overall employment success.

When tandem with cognitive skills tests, credibility assessments may provide considerable value to a selection process as others ' personality characteristics.

6 0

3 years ago

Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.

alina1380 [7]

Answer:

Explanation:

Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.

a. Cash used for purchase of office supplies, $2,300.

b. Cash provided from consulting to customers, $49,600.

c. Cash used for purchase of mining equipment, $81,000.

d. Cash provided from long-term borrowing, $68,000.

e. Cash used for payment of employee salaries, $24,800.

f. Cash used for payment of office rent, $12,800.

g. Cash provided from sale of equipment purchased in c. above, $23,300.

h. Cash used to repay a portion of the long-term borrowing in d. above, $44,000.

i. Cash used to pay office utilities, $5,100.

j. Purchase of company vehicle, paying $10,800 cash.

Required:

Calculate cash flows from operating activities.

Answer:

Explanation:

d. Ca

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7 0

2 years ago