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2 years ago

3Hame and explainof skills that should be possess by an entrepreneur

Business

1 answer:

vaieri [72.5K]2 years ago

7 0

Answer:

1. Curiosity. Great entrepreneurs are tasked with identifying new problems, identifying potential niche opportunities, refactoring their existing business processes, and innovating. This necessitates a passion for various fields of study and business cases that are outside of one's comfort zone.

2. Time management. Prioritization, milestone definition, execution, and iteration are all critical. None of this would be possible without the proper project management and time allocation methodologies in place to complete the work.

3. Strategic thinking. Learning to break down a problem to its simplest components and identify growth opportunities. Inventive problem-solving and spotting the low-hanging fruit. Defining an MVP's scope and testing concepts in a short amount of time and on a tight budget.

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A company acquired an office building on three acres of land for a lump-sum price of $2,450,000. The building was completely equ

galina1969 [7]

Answer:

$735,000

Explanation:

The fair values of the assets may be used as a basis for determining the amount to be recorded for each of the assets.

This will be in a proportional manner such that the higher the fair value, the higher the actual cost assigned and vice versa to the asset.

Hence the amount to be recorded for the building

= 840,000 / (840,000 + 840,000 + 1,120,000) * $2,450,000

= $735,000

7 0

3 years ago

Joab wants to travel to Tacoma, Washington to climb Mt. Rainier and is trying to decide if he should drive or fly to the locatio

nadya68 [22]

Answer:

b. $10 per hour.

Explanation:

Joab wants to travel to Tacoma, Washington to climb Mt. Rainier and is trying to decide if he should drive or fly to the location. The flight to Washington would cost $500 and take 7 hours. Also if he flies, he would need to rent a car at an additional total cost of $300 (including gas) and drive an additional 3 hours total between the airport and the mountain. If Joab were to drive his Honda Civic from Tallahassee out to Mt. Rainier, the trip would take 50 hours and cost him $400. Other things constant, Joab would choose the flight plus rental car option if and only if the value of his time is at least $10 per hour.

6 0

3 years ago

Blake’s Manufacturing sells unfinished wood pieces for $150 each. The manager reported 280 defective wood pieces in inventory, w

mixas84 [53]

Answer:

$30,800

Explanation:

This can be calculated as follows:

Standard price revenue = $150 × 280 = $42,000

Original cost = $20 × 280 = $5,600

Defective sales revenue = $30 × 280 = $8,400

Extra processing cost = $10 × 280 = $2,800

Actual revenue forgo from defective sales = Defective sales revenue - Extra processing cost

Actual revenue forgo from defective sales = $8,400 - $2,800 = $5,600

Total incremental income = Standard price revenue - Original cost - Actual revenue forgo from defective sales

Total incremental income = $42,000 - $5,600 - $5,600 = $30,800

Therefore, the total incremental income from further processing is $30,800.

5 0

3 years ago

Using the information given in both of these tables to compare living standards in lusitania andâ€‹ arctica, you should useâ€‹ _

Daniel [21]

The answer is: income per capita

Income per Capita is calculated by dividing total earnings in a certain area with the number of population in that area. This number measures the amount of money that can be used for consumption on average. Higher income per capita indicates that the area has higher standard of living.

7 0

3 years ago

Tamarack Company purchased a plant from one of its suppliers. The $1,000,000 purchase price included the land, a building, and f

timama [110]

Answer

<h3>The total purchase price allocated to land, building, and machinery accounts is $140,840, $509,707 and $355,453 respectively.</h3>

<h3>Explanation</h3>

<h3><em>Calculation of Total purchase price</em></h3>

Total purchase price = purchase price + legal fee

= 1.000.000 + 6.000

= 1.006.000

Allocation of the total purchase price to the land, building, and machinery accounts in Tamarack Company’s record:

Land = Total purchase price * (Assesed Value of Land / Total Property Assessed Value)

= 1.006.000 * (126.000 / 900.000)

= 140.840

Building = Total Purchase Price * (Assesed Value of Machinery / Total Property Assessed Value)

Building = 1.006.000 * (318.000 / 900.000) = 355.453,3

<h3>Thus, the total purchase price allocated to land, building, and machinery accounts is $140,840, $509,707 and $355,453 respectively.</h3>

4 0

3 years ago

3Hame and explainof skills that should be possess by an entrepreneur ​

3Hame and explainof skills that should be possess by an entrepreneur