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IgorC [24]
2 years ago
5

Out line four roles played by entrepreneurs in Kenya​

Business
1 answer:
xz_007 [3.2K]2 years ago
5 0

Answer:

To be a successful entrepreneur it is necessary for the individual to develop essential communication skills, creativity, innovation and the ability to deal with the risks inherent in the business.

A well-positioned and competitive business is one that manages to create value for consumers by offering products and services that satisfy their wants and needs.

In Kenya, entrepreneurship has stood out as a means for citizens to seek employment and income opportunities, especially in opening up trade in products and services.

Entrepreneurship helps a country to develop by moving the economy and improving the population's quality of life, so it is necessary to have government incentives and information available on the subject.

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Due to the credit crunch that developed during the Great Recession, many small businesses found that __________ were more willin
mixer [17]

Answer:

The correct answer is letter "D": smaller, community banks.

Explanation:

The Great Recession is the economic fall that occurred between 2007 and 2009 as a result of the housing bubble burst in the U.S. During this period many well-known firms such as <em>Chrysler, General Motors, </em>and <em>Lehman Brothers</em> filed for bankruptcy. However, not all the business experienced a downturn.  

A study conducted by the <em>Federal Reserve Bank of St. Louis</em> (2013) indicates that 417 <em>banks and thrift institutions</em> failed between 2006 and 2011 but 702 <em>small community banks</em> reported total assets of around $10 billion by allowing individuals to benefit from loans. Banks and thrift institutions were too conservative in loans during the Great Recession which was interpreted in lower revenues.

3 0
3 years ago
A consumer values a car at $30,000 and a producer values the same car at $20,000. What amount of tax will result in unconsummate
Serhud [2]

The question is incomplete:

A consumer values a car at $30,000 and a producer values the same car at $20,000. If the transaction is completed at $24,000, what level of sales tax will result in unconsummated transaction?

a. 0%

b. 25%

c. 20%

d. 40%

Answer:

d. 40%

Explanation:

The unconsummated transaction would occur when the price that the customer has to pay is higher than the value that he gave to the car. According to that, the answer would be the tax that would increase the final price to more than $30,000:

0%: $24,000

25%: 24,000*1.25= $30,000

20%: 24,000*1.20= $28,800

40%: 24,000*1.40= $33,600

The answer is that the amount of tax will result in an unconsummated transaction is 40%.

7 0
3 years ago
Pension data for Goldman Company included the following for the current calendar year: Service cost $ 100,000 PBO, January 1 750
kirill [66]

Answer:

$88,000

Explanation:

The computation of the pension expense for the year is shown below:

Service Cost  $100,000

Add: Interest Cost  $60,000 ($750,000 × 8%)

Add: Amortization of prior service cost  $6,000

Add: Amortization of net loss $2,000

Less Expected return on plan assets  $80,000 ($800,000 × 10%)

Pension Expense $88,000

We simply deduct the expected return on plant assets and the other values would be added to the service cost so that the pension expense could come

8 0
3 years ago
At the end of 2019, Bramble Corp. has accounts receivable of $740,200 and an allowance for doubtful accounts of $69,900. On Janu
ki77a [65]

Answer:

  • The journal to record the write-off is:

         Debit Allowance for doubtful accounts            $6,400

         Credit Accounts receivable                               $6,400

  • Cash realizable value of the accounts receivable (1) before the write-off is $670,300 (2) after the write-off is $670,300.

Explanation:

  • The write-off would impact the allowance for doubtful accounts and the accounts receivable since Bramble Corp. uses the allowance method. See the journals as recorded above.
  • The balance in the allowance for doubtful accounts would have reduced by $6,400 upon the write-off, so did the balance in the accounts receivable, so the effect of the write-off evens out. That led to the cash realizable value of $670,300.
4 0
2 years ago
Elfalan Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's
Rom4ik [11]

Answer: $87780

Explanation:

The monthly financial advantage (disadvantage) for the company as a result of accepting this special order will be calculated thus:

Sales = $295020

Less Cost:

Material = $162030

Labor = $31020

Variable manufacturing = $7920

Variable selling = $6720

Total cost = $207240

Financial Advantage = $295020 - $207240

= $87780

3 0
3 years ago
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