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3 years ago

Is it true or false that Entrepreneurs often work long hours, but they enjoy great job satisfaction.

Business

1 answer:

ziro4ka [17]3 years ago

3 0

Answer: True

Explanation:

Entrepreneurs have a personal stake in their business which means they have to try as much as possible to ensure that it does not fail. They have to worry about every aspect of the business and this means that they will have to work long hours.

This personal stake in the business however also comes with job satisfaction. The entrepreneur is doing what they want to do and they are not working for anyone else. This brings job satisfaction independent of monetary gain.

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Receive cash from customers, $15,000. Pay cash for employee salaries, $9,000. Pay cash for rent, $3,000. Receive cash from sale

Alexeev081 [22]

Answer:

Part 1

Cash Account

Debit :

Receive cash from customers 15,000

Sale of Equipment 8,000

Bank Loan 4,000

Totals 27,000

Credit :

Pay cash for employee salaries 9,000

Rent 3,000

Utilities 1,000

Advertising 7,000

Ending Balance 7,000

Totals 27,000

Part 2

Ending Balance is $7,000

Explanation:

Only Cash related purchases and receipts are posted to Cash Account. Thus ignore non-cash related transactions.

The Cash Account : Receipts are posted at the Debit side of this Account and Payments at the Credit Side.

The Balance : After determining the Totals of the Debit and Credit, the shortfall of any of that side represents the Balance.

7 0

3 years ago

Delaney Company is considering replacing equipment that originally cost $600,000 and that has $420,000 accumulated depreciation

Annette [7]

Answer:

$180,000

Explanation:

A sunk cost refers to the cost that is incurred by the businesses but this cost cannot be recovered by the businesses.

Here, given that

Cost of equipment = $600,000

Accumulated depreciation = $420,000

Cost of new machine = $790,000

In this situation, the sunk cost is determined by subtracting the cost that are related to previous year from the cost of the equipment.

Sunk cost = Cost of equipment - Accumulated depreciation

= $600,000 - $420,000

= $180,000

3 0

4 years ago

Which of the following statements are inconsistent with the efficient market hypothesis?a. The average annual return on stocks i

koban [17]

Answer:

b. Stocks that outperform the index in March always underperform it in April.

d. Stocks that outperform the index in March always outperform it in April.

Explanation:

The Efficient market hypothesis states that in an efficient market, all the available information in the market are reflected in the prices of the stocks being traded. As such, all stock are fairly priced.

Stocks that perform in a certain way in March and then in another way in April are violations of the hypothesis. This is because if indeed the market was efficient, the prices would adjust to reflect the different performances by month such that there would be no more fluctuations.

6 0

3 years ago

Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end

Alla [95]

Answer:

Find below the answers and explanation

Explanation:

First we calculate the Loss or gain on each security

(Subtract the fair value from the security cost

FOR TESLA BOND

Securities Cost = $ 13,500

Fair Value = $ 10,125

Gain or Loss = $13500 - $ 10,125

= $3,375

FOR NIKE BOND

Securities Cost = $22,000

Fair Value = $23,100

Gain or Loss = $22,000 - $23,100

= −1,100

FOR FORD BOND

Securities Cost = $5,500

Fair Value = $4,400

Gain or Loss = $5,500 - $4,400

= $1,100

record the securities at fair value in the balance sheet with their respective gain or loss in profit and loss column by making these entries in the journal

1. For TESLA BOND

Loss on revaluation of investment Debit:$3,375

Investment in Telsa bond Credit: $3,375

To record the loss on telsa investment.

2. FOR NIKE BOND

Nike Investment Debit: −$1,100

Gain on revaluation of investment Credit: −$1,100

To record the Gain on Nike investment.

3. FOR FORD BOND

Loss on revaluation of investment Debit: $1,100

Investment in Ford bond Credit: $1,100

To record the loss on Ford investment.

4 0

4 years ago

Assume that a firm's marginal cost is $10 and the elasticity of demand is minus2. We can conclude that the firm's profit-maxi

inysia [295]

Answer:

Option A. $20

Explanation:

Marginal cost be MC, marginal revenue be MR and . We know that

MR = ∆TR ÷ ∆Q

MR = (P∆Q+Q∆P) ÷ ∆Q

Here,

P is Profit-maximizing price

MR = (P∆Q ÷ ∆Q) + (Q∆P ÷ ∆Q)

MR = P + (Q∆P ÷ ∆Q)

we can also write the above equation as

MR = $P + P(\frac{Q}{P})(\frac{\Delta P}{\Delta Q})$

also,

Price elasticity of demand PED = $(\frac{Q}{P})(\frac{\Delta P}{\Delta Q})$

MR = P + [ P ÷ (PED) ]

We know MR = MC

Therefore,

MC = P + [ P ÷ (PED) ]

(P − MC) ÷ P = −1 ÷ PED

Substituting the values provided in the question

MC = $10

PED = -2

we get

P = [ PED ÷ (1 + PED)] × MC

P = ( -2 ÷ -1) × 10

P =$20

hence,

Option A. $20

7 0

3 years ago