Answer:
1. Andrew Carnegie
You probably recognize Andrew Carnegie’s name, since he’s one of the most famous and richest industrialists of all time. However, he didn’t accumulate his wealth as a result of formal education or a business-charged background. Instead, he dropped out of school at a young age and spent the major portion of his youth performing manual labor. He was a bobbin boy at a local cotton mill and then became a telegraph messenger. It wasn’t until he taught himself how to read and entered the railroad industry that he began to build the empire that would make him (and his family) a fortune.
2. John Paul DeJoria
You may not have heard of John Paul DeJoria, but you’ve certainly indulged in some of the beauty products attached to his name. Now a multi-billionaire and one of the most accomplished entrepreneurs in modern history, DeJoria got his start as a newspaper courier. To make ends meet, he worked as a tow truck driver and a janitor. Eventually, he found his way to working at a hair-care company, where he met his future partner, Paul Mitchell. With minimal experience and a $700 loan, the duo founded a company now known as John Paul Mitchell Systems. From there, DeJoria co-founded Patron Spirits and the House of Blues.
3. Harland Sanders
If someone asked you for a loan to start a restaurant, but had no formal culinary training or experience, would you make that loan? It seems crazy to think anyone could become a successful restauranteur without a background in the industry, but that’s exactly what Harlan “Colonel” Sanders was able to do. When he started his line of Kentucky Fried Chicken restaurants, the only experience he had was cooking for his siblings as a child and working at a number of odd jobs.
Answer:
(a) 0; 0
(b) $150 per hour; $16.67 per hour
(c) (b) $150 per hour; $53.57 per hour
Explanation:
(a) Number of hours = 125
Marginal cost = 0 (since service is cost less upto 200 hours)
Average cost = 0
(b) Number of hours = 225
Marginal cost = $150 per hour
Total cost = $150 × (225 - 200)
= $150 × 25
= $3,750
Average cost = Total cost ÷ Number of hours
= $3,750 ÷ 225
= $16.67 per hour
(c) Number of hours = 325
Marginal cost = $150 per hour
Total cost = $150 × (325 - 200)
= $150 × 125
= $18,750
Average cost = Total cost ÷ Number of hours
= $18,750 ÷ 325
= $53.57 per hour
Answer:The answer is A
Explanation:The one that is not commonly contacted by Typical investors to purchase stocks or bonds are : REALTORS
The investors will approach realtors if they want to invest their equity on properties such as land, houses , or apartment
Answer:
Price of bonds = $1,389.73
Explanation:
<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).
</em>
Value of Bond = PV of interest + PV of RV
The value of bond for Hillard can be worked out as follows:
Step 1
<em>Calculate the PV of interest payments
</em>
Semi annual interest payment
= 10% × 1,000 × 1/2 =50
PV of interest payment
A ×(1- (1+r)^(-n))/r
r- semi-annual yield = 5%/2 = 2.5%
n- 10× 2 = 20.
Note that the bonds now have 10 years to maturity because it was issued 2 years ago
PV on interest = 50 × (1-(1.025^(-20)/0.0425 = 779.45
Step 2
<em>PV of redemption Value
</em>
PV = $1,000 × (1.025)^(-20)
= 610.27
Step 3
<em>Price of bond
</em>
= 779.45+ 610.27 = $1,389.73
Price of bonds = $1,389.73
