<h2>Family money seems to be less important</h2>
Explanation:
Creativity is important because, creative persons are successful persons
Diligence: Careful work is always expected from Entrepreneur.
Hard work: Hard work is essential for every person and not only entrepreneur.
Family money: This is the least important is the family money. You definitely need money, but there are many ways to get money say you can apply for personal loan and other corporate loans to start business.
<h3>Hello there!</h3>
Your question asks what is financial literature.
<h3>Answer: Knowledge and skills that someone has in making good decisions with the financial sources that they have.</h3>
When you look at the word "financial literature", you can see that it has the word "financial" in it, so that means that it's going to be based off of finance.
Financial literature is knowledge and skills someone has in finance. What this means is that someone has knowledge on how finance works and know ways to stay financially stabled. The knowledge that someone could have is how money works, how to manage the money, and how to turn the money they already have into more money.
The knowledge that an individual could attain from financial literacy could help them in the long run, in which it's highly recommended to learn financial literacy, due to the fact that tons of people are going into debt because they don't know how to manage their finances.
To sum it up, people who know financial literacy would have a high chance in knowing how to manage their money and stay out of debt.
<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
Answer:
the options are missing:
- Always accept Project A.
-
Accept Project B if the required return is less than 13.1 percent.
- Be indifferent to the projects at any discount rate above 13.1 percent.
- Accept Project B only when the required return is equal to the crossover rate.
- Always accept Project A if the required return exceeds the crossover rate.
the answer is:
5. Always accept Project A if the required return exceeds the crossover rate.
The crossover point tells us that one project must be chosen if the IRR is higher than the cross over point, but if the IRR is lower, then the other alternative should be selected.
In this case, the cross over point is 12.3% and we are told that project A should be selected if the required IRR is 13.1%. That tells us that the alternative that we must choose above 12.3% is project A. Project B should be selected if the IRR is less than 12.3%.
