An entrepreneur is a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.
Yes, because Ray investing in two different saving bonds is basically diversification.
<span>This can create a shortage in the market. This means that there is too much demand for a good and not enough product to cover it. This creates restrictions on the products that people are allowed to buy, which decreases the profit potential.</span>
Answer:
$23,500
Explanation:
Net income is arrived at by deducting relevant expenses for the year from the gross income for the year. In this question, sales income is used to represent gross income. The net income can therefore be calculated as follows:
Net Income = Sales income - Expenses other than rent and interest - Rent - Interest
Net Income = $66,000 - $40,000 - [$45,000 × (1/18)] - 0
= $66,000 - $40,000 - $2,500 - 0
= $23,500
Therefore, net income is Yolanda's net income $23,500.
Note that [$45,000 × (1/18)] is used to calculate rent for only one which is December of the calendar year since the rent was paid for 18 months.