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IgorC [24]
3 years ago
11

What are the good characteristics of an entrepreneur?​

Business
2 answers:
loris [4]3 years ago
4 0

<h2>\large{\underbrace{\underline{\fcolorbox{White}{pink}{\bf{ANSWER♥︎}}}}}</h2>

<h3> Characteristics of Successful Entrepreneurs</h3>

  • Curiosity. Successful entrepreneurs have a sense of curiosity that allows them to continuously seek new opportunities.
  • Structured Experimentation. ...
  • Adaptability. ...
  • Decisiveness. ...
  • Team Building. ...
  • Risk Tolerance. ...
  • Comfortable with Failure. ...
  • Persistence.
Arturiano [62]3 years ago
4 0

Answer:

Enterprises are usually regarded as the start-up of a company. Although this is true, some nuances need to be taken into account.

Entrepreneurs — either as individuals or as a team — find their own personal and professional opportunities. They make hypotheses of ways in which they can give customers value and conduct structured testing to validate their ideas.

Explanation:

Curiosity:-

Successful entrepreneurs feel curious and can constantly search for new opportunities. Curious entrepreneurs ask questions and explore different avenues rather than settling for what they think they know.

Structured Experimentation:-

The Need for structured experimentation is in conjunction with curiosity. An entrepreneur must conduct tests to determine if each new opportunity arises.

Adaptability:-

The company is changing constantly. Entrepreneurship is an iterative process that presents itself at all times with new challenges and opportunities. For every scenario, it is almost impossible to prepare.

Team Building:-

A big businessman knows their weaknesses and strengths. They build well-rounded teams that complement their ability instead of letting weaknesses hold them back.

Risk Tolerance:-

Business is often linked to risk. Although it is true that starting a business requires a contractor to take risks, they also need to do something to minimize it.

Comfortable with Failure:-

Successful entrepreneurs prepare and comfortably confront failure. The possibility of success pushes them forward rather than allow fear to hold them back.

Persistence:-

Although many successful businessmen can comfortably fail, this does not mean that they can abandon quickly. Rather, they regard failures as learning and growing opportunities.

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On December 31, 2021, Harris Co. leased a machine from Catt, Inc. for a five-year period. Equal annual payments under the lease
densk [106]

Answer: $5,222,400

Explanation:

Here is the complete question:

On December 31, 2021, Harris Co. leased a machine from Catt, Inc. for a five-year period. Equal annual payments under the lease are $2,100,000 (including $100,000 annual executory costs) and are due on December 31 of each year. The first payment was made on December 31, 2021, and the second payment was made on December 31, 2022. The five lease payments are discounted at 10% over the lease term. The present value of lease payments at the inception of the lease and before the first annual payment was $8,756,727. The lease is appropriately accounted for as a finance lease by Harris. In its December 31, 2022 balance sheet, Harris should report a lease liability of

a. $6,340,000.

b. $6,240,000.

c. $5,706,000.

d. $5,222,400

In its December 31, 2022 balance sheet, Harris should report a lease liability of:

Present value of annual lease payments = $8,756,727

Less: Annual lease payment on December 31, 2021 = $2,100,000

Less: Annual lease payment on December 31, 2022 = $2,100,000

Add: Interest expense on lease liability = $665,673

Lease liability = $5,222,400

Note that the interest expense on lease liability is calculated as:

= (8756727 - 2100000) × 10%

= $6,656,727 × 0.1

= $665,672.7 = $665,673

6 0
3 years ago
On January 1, 2013, the balance in Tabor Co.'s Allowance for Bad Debts account was $13,546. During the first 11 months of the ye
Elenna [48]

Answer: $25,086

Explanation:

The bad debt written off is calculated by:

= Opening balance in Allowance for bad debts account + Bad debt expense - Closing balance in Allowance for bad debt

= 13,546 + 21,399 - 9,859

= $25,086

4 0
3 years ago
Lukow Products is investigating the purchase of a piece of automated equipment that will save $400,000 each year in direct labor
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Answer:

The intangible benefits will be required to have a value of $ 100 000.

Explanation:

To calculate the return on the equipment (ROI) we consider the profit/saving it contributes over the cost of the equipment.

Currently we have a save to costs of $400000 (increases revenue) and a cost of $2500000.

Our current return on the asset is 400/2500 * 100 which equates to 16%.

Management requires a rate of return of 20% thus the intangible benefits need to make up 4%

we can determine the dollar value by determining 20% of the cost of equipment. 2500 * 20% = 500 ( using thousands, $ ' 000)

500 - 400 = 100.

The value of the intangible assets will be required to be $ 100 000.

If we add this into the ROI formula we now have 500 / 2500 * 100 = 20%.

Thus management's requirement is now met

8 0
3 years ago
What are references?
Lady bird [3.3K]

Answer:

Explanation:

Let us say you are doing an essay on the gold trade on the comex. You have to read something to understand what it means to buy gold on the comex. You need to at least know what it takes to buy and sell on the comex.

What you read to find out is a reference. It has to be listed in a Bibliography which is a list of references.

3 0
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Which statement is true about the total assets and the total liabilities?
emmasim [6.3K]

Answer:

O The total of the assets is greater than the total of the liabilities.

Explanation:

Assets are valuables that a person or business owns. Liabilities are the debts that a business or individuals owe to others. As per the accounting equation formula, the total assets are equal to the total of liabilities and equity. It means that assets are financed by equity, which is the owners' contribution to the business and debts from third parties. Therefore, the total of assets should be greater than the components of liabilities.

7 0
3 years ago
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