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vagabundo [1.1K]
3 years ago
6

What is the difference between an employee and an entrepreneur?

Business
2 answers:
natulia [17]3 years ago
7 0

Answer is:

Employees fall under a particular job category. Entrepreneurs create their own profile. Employees have to perform tasks according their respective job profiles. Irrespective of their interest, they are forced to work in an alien environment.

sasho [114]3 years ago
3 0

Answer:

Employees fall under a particular job category. Entrepreneurs create their own profile. Employees have to perform tasks according their respective job profiles. Irrespective of their interest, they are forced to work in an alien environment.

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MAD Corp. has 20-year bonds with an 8% coupon rate and a 10% yield to maturity. What would be MAD's appropriate after-tax cost o
barxatty [35]

Answer:

After-tax cost of deb = 6%

Explanation:

<em>The cost of debt is the required rate of return payable to investors in the debt instruments of a company. These investors include providers of long term debt finance to the company.</em>

<em>The cost of debt finance can determined by working out the yield to maturity on debt with adjustment for tax. </em>

<em>It is noteworthy that debt finance affords the company  a tax savings advantage because interest expense incurred on the use of debt of are tax deductible expense.</em>

After-tax cost of debt = (1- Tax rate) × before-tax cost of debt

Before tax cost of debt = 10%

Tax rate = 40%

After-tax cost of debt = (1-0.4) × 10% = 6%

After-tax cost of deb = 6%

7 0
4 years ago
On January 1, 2019, the balance in Tabor Co.'s Allowance for Bad Debts account was $13,049. During the first 11 months of the ye
ipn [44]

Answer:

$24,396

Explanation:

The total of accounts written off for 11 months can be calculated by subtracting the November 30 balance from the total of beginning balance

Bad debt - Bad debt written off

= Allowance for bad debts + bad debts expense - Allowance for bad debts account as at November 30, 2019

= $13,049 + $21,058 - $9,711

= $24,396

4 0
3 years ago
A property is encumbered by a first mortgage of $60,000 and a second mortgage of $23,500. The property has just been sold at a f
olganol [36]

Answer: Please refer to the explanation section

Explanation:

The question is incomplete, the statement which we much choose from are not given in the question we will explain the question and provide a clear solution to make it easier for the student to single out a false statement.

Property acquisition was financed by two mortgage Bonds, First Mortgage Bond was $60 000 and the second mortgage bonds was $23 500. Ignoring interest rate we can assume that the Value of the Property is $83500 ($60 000 + $23 500).

Property was sold for $88000, There is a profit on sale of the property. Profit earned amounted to $4500 ($88000 - $83500). The profit on sale of property ($4500) will reported on the income statement. The property Value will be derecognized from long term assets in the the balance sheet statement.

The profits on sale of the property will form part of the net income for the year. Net income is distributed to shareholders in the form of dividends. We can therefore conclude that a portion of Profits on sale of property, if not all will be distributed to the share holders as dividends

7 0
4 years ago
Read 2 more answers
Hansel just bought 100 N95 masks to sell during the pandemic. Hansel realizes he doesn’t have enough and calls Gretel on the pho
MakcuM [25]

Answer:

There is no specific type of contract to define this agreement, as it was a verbal acceptance. And yes, there is a difference in the use of cellphone and voicemail as there would be a time difference. Please give brainliest.

7 0
2 years ago
The following transactions occur for Cardinal Music Academy during the month of October: a. Provide music lessons to students fo
Licemer1 [7]

Answer:

Part a

Debit : Cash $9,000

Credit : Service Revenue $9,000

Part b

Debit : Prepaid Insurance $3,240

Credit : Cash $3,240

Part c

Debit : Equipment $12,000

Credit : Cash $12,000

Part d

Debit : Cash $14,000

Credit : Loan Payable $14,000

Explanation:

Step 1 : Identify the Accounts affected in each and every transaction.

Step 2: Then determine if this Account is increasing or decreasing.

Step 3 :The journal entries have been prepared above.

6 0
4 years ago
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