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3 years ago

What have you learned about the characteristics of a successful entrepreneur?!

Business

2 answers:

lesya692 [45]3 years ago

8 0

Answer:

They are often independent, very confident, super committed and really want to suceed. They leave no room for failure and are not afraid to take risks, but are still careful with their decsions

Explanation:

My dad is one.

NeTakaya3 years ago

6 0

Answer: They invest in themselves. ...

They are constantly learning. ...

They're not afraid of risks.

Explanation:

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Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $ 6 comma 100

AURORKA [14]

Answer:

How will these two transactions affect the control and subsidiary accounts?

Explanation:

the control, account.

Accounts Receivable, will be increased with debit of $7,700

6 0

3 years ago

Frankfort Corporation purchases an investment in Bradley, Inc. at a purchase price of $9.8 million cash, representing 40% (at bo

Schach [20]

Answer:

The correct answer is B

Explanation:

The amount of equity earnings will be computed as:

Amount of earnings = Frankfort share in net Income of Bradley × Bradley Net Income

where

Frankfort share is 40%

Net Income of Bradley amounts to $1,680,000

Putting the values above in the amount of earnings:

= 40% share × $1,680,000

= $672,000

Therefore, the option B is correct.

4 0

4 years ago

Blenman Corporation, based in the United States, arranged a 2-year , $1,000,000 loan to fund a project in Mexico. The loan is de

SashulF [63]

Answer:

17.67%

Explanation:

Solution

Given that:

The Loan amount in USD = $1,000,000

The Loan is denominated in Mexican pesos.

The rate of exchange at the time of loan = 5.75 pesos per USD

Thus,

The Loan amount in Mexican pesos = 1000000 * 5.75 = 5,750,000 Mexican pesos

The Loan carries interest rate = 6.5%

Now,

The Loan duration = 2 years = 4 semiannual periods

The Loan to be repaid in Mexican pesos in 4 equal semiannual installments

So,

To get semiannual installments we will apply PMT function of excel:

Which is,

PMT (rate, nper, pv, fv, type) = PMT(6.5%/2, 4, -5750000, 0, 0)

= 1556164.09 Mexican pesos

Thus,

The exchange rate dropped to 5.10 pesos per USD before the first semiannual payment is due and stays so till the end of loan period.

Then,

The Semiannual installment in USD = 1556164.09 / 5.10 = $305,130.2137

To get nominal semiannual rate (for USD amounts) we will use RATE function of excel:

The RATE(nper, pmt, pv, fv, type)

= RATE (4, 305130.2137, -1000000, 0,0)

= 8.477%

Effective annual rate = (1 + 8.477%) 2 - 1 = 17.67%

Therefore, the effective annual interest rate will Blenman end up paying on the loan is 17.67%

7 0

3 years ago

A(n) _____ is a business organization formed under federal tax law that is considered a corporation but is taxed like a partners

valentinak56 [21]

A business organization that is formed under federal tax law is the Limited Liability Company which is considered a corporation but is taxed like a partnership.

There are some legal rules that are made by the higher authority, in which it is stated how much the state, local, and federal governments will apply the charge to the individual.

These rules are known as the tax law. Apart from the charges it also covers various things, such as procedures, policies, and penalties that are in the context of everything that has to do with tax issues.

Thus, a Limited Liability Company can be considered a corporation but is taxed like a partnership.

Learn more about Limited Liability Company from here:

brainly.com/question/18567855

#SPJ4

3 0

2 years ago

Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $36,400. Cashreceipts are expected to b

galben [10]

Answer:

Webster Corporation

Amount to borrow in April

B) $21,600.

Explanation:

a) Webster Corporation

Cash Budget for the month of April

Beginning Cash balance $36,400

Cash receipts 641,000

Total receipts $677,400

Cash expenses:

Purchases $608,500

Others 27,000

Selling & Admin. 33,500 669,000

Balance 8,400

Borrowing 21,600

Minimum cash balance $30,000

b) Webster's cash budget for April shows that it needs to borrow $21,600 in order to meet the minimum cash balance of $30,000. This is because the company does not generate enough cash in April to pay for expenses and meet minimum requirements for cash balance every month. The preparation of Webster Corporation's Cash Budget is a way of planning for the occurrence of the cash shortage that necessitated the borrowing.

4 0

3 years ago

What have you learned about the characteristics of a successful entrepreneur?!​

What have you learned about the characteristics of a successful entrepreneur?!