Since Aliyah has started a mobile salon service. while she recognizes the risks involved in operating a business which makes her an entrepreneur.
<h3>Who is an
entrepreneur?</h3>
An entrepreneur serves as individual that is able to start a business and bears the risk as well as the profit alone and can ,make the necessary decision in the business.
In this case, Since Aliyah has started a mobile salon service. while she recognizes the risks involved in operating a business which makes her an entrepreneur.
It can be concluded that as an entrepreneur which is an individual who creates a new business that is ready for the bearing of most of the risks as well as enjoying most of the rewards involves alot of patience and the process of setting up a business is regarded as entrepreneurship.
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Answer: Research and development
Explanation: Primary functions are those functions which ensures that the essential requirements to operate the business efficiently are met. These require monitoring by the second level managers of the organisation.
Production, marketing and finance are the basic needs of an organisation for living in the market. Research and development is not an activity without which the business won't be able to run.
Thus, we can conclude that the right answer is Option A.
Answer:
Liability
Explanation:
Assets are resources controlled by an entity as a result of a past event, for which future economic benefits flow to the entity.
Liabilities on the other hand are current obligations of an entity as a result of a past event for which future economic benefits are expected to flow our of the entity.
Therefore, when a company has a current obligation to make a future payment to their supplier due to a shipment of supplies that were received last week, the company would record this transaction with an increase to an asset account ( inventory or fixed asset for the item received) and a liability account due to the obligation to make future payments.
Answer:
$75,000
Explanation:
Revenue is said to be earned on the deliver of the goods and services to the party that enjoys the benefits from the good or service.
As long as control of the goods has been transferred, the revenue is earned. Note that this is not when cash has been collected.
As such, if the company earned $75,000 in 2018 but some amounts are to be collected in subsequent years, the revenue earned in 2018 is still $75,000 while the amounts yet to be collected will be recognized in accounts receivable.
Risk premium.
The risk premium is the difference between the required discount rate and the risk-free rate, as measured by T-bills. This risk premium is important for computing the CAPM and other portfolio management equations.
