The graphic would indicate a market that is

Donna independently owns and operates Punkin's Pies, a small business with about 30 employees. She is happy with the size of her

Nataly_w [17]

Donna independently owns and operates Punkin's Pies, a small business with about 30 employees. She is happy with the size of her business and the average profits it generates. From this scenario, Donna's business can be considered an entrepreneurial venture - False.

<u>Explanation:</u>

A person starting a new business with limited amount of resources and plans is called an Entrepreneur. He is the person who takes responsibilities for the risk and rewards that are associated with that business. The idea of the business must be unique and it should focus only on newer products.

A small business and an entrepreneurial ventures differs from each other although they have similar roles. A small business generally deals with a familiar and an product and services that are already established. The persons of small business usually have risks that are already known. In an entrepreneurial venture, only new products and unknown risks are present.

3 0

3 years ago

The 7 percent preferred stock of Midwest Muffler and Towing is selling for $65 per share. What is the firm's cost of preferred s

Luda [366]

Answer:

e. 10.77 percent

Explanation:

The computation of the cost of preferred stock is shown below:

Cost of preferred stock = Annual dividend paid ÷ Price of preferred stock per share

= 0.07 × $100 ÷ $65

= 10.77%

Simply we divide the annual dividend after considering the par value per share by the price of preferred stock per share so that the correct cost of preferred stock can be computed

3 0

3 years ago

The wet dog surf company borrows $32,000 for 4 months and will pay $1,120.00 interest . calculate wet dog's annual percentage in

Hunter-Best [27]

The formula is
I=prt
I interest paid 1120
p principle 32000
T time 4/12
R annual percentage interest rate?
Solve for r
R=I÷pt
R=1,120÷(32,000×(4÷12))
R=0.105×100
R=10.5%

6 0

3 years ago

Read 2 more answers

EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of $50 par value 4% preferred

xxMikexx [17]

Answer:

Ellajane Corporation - Journal Entries

Date Particulars Debit Credit

1-Mar Treasury Stock $35,000

To Cash $35,000

(Being 2500 shares of treasury stock purchased at $14 per share)

10-Apr Cash A/c (1250*$18) $22,500

To Treasury Stock (1250*14) $17,500

To Additional Paid in Capital $5,000

(Being 1250 shares of treasury stock sold at $18 per share)

12-Jun Cash A/c (1250*12) $15,000

Additional Paid in Capital A/c $2,500

To Treasury Stock (1250*14) $17,500

(Being 1250 shares of treasury stock sold at $12 per share)

4 0

3 years ago

A leading beverage company sells its signature soft drink brand in vending machines for $0.99 per 12 oz. can. A vending machine

Kamila [148]

Answer:

You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.

Explanation:

Contribution per unit = Price - Variable cost = 0.99 - 0.43 = 0.56
Contribution per unit required=0.56 * (1+20%)=0.672
New selling price required=Contribution+Variable cost=0.672+0.42=$1.092

7 0

3 years ago