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2 years ago

Critically analyse howexternalnfactors affect entrepreneurship . Support your answer with contemporary examples

Business

1 answer:

AnnyKZ [126]2 years ago

4 0

Answer:

Productive entrepreneurs can invigorate the economy by creating jobs and new technologies, and increasing productivity.

Explanation:

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Hunt Incorporated sold $209,000 of accounts receivable to Gannon Factors Inc. on a with recourse basis. Gannon assesses a 2% fin

pentagon [3]

Answer:

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

Explanation:

Journal entries

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

*7% X $209,000 =$14,630

*2% X $209,000 =$4,180+$12,100=$16,280

5 0

3 years ago

Because of his business's recent success, Sam has decided to expand his Sam's Swimming Pool Cleaning to include another branch.

ivann1987 [24]

Answer: initially Sam gross profit would drop. But overtime when he starts gaining customers in his new branch added to the already existing customers in his old branch there would a very large gross profit increase.

Explanation: Gross profit is the percentage of revenue a company retains after accounting for cost of goods/services.

In this case payment of staffs in both the old and new branches would be accounted for, with the new branch still very much dependent on the old branch for payment of staff until it can get its own customers, only then would the new branch be able to be self reliant and also make profit.

6 0

3 years ago

Read 2 more answers

After the computers dns cache is cleared, where will it most likely look to resolve the domain name the next time you enter ceng

SpyIntel [72]

After the computers dns cache is cleared, where it will most likely look to resolve the domain name the next time you enter cengage.com in your browse to The ISP's DNS server.

An ISP which stands for internet service provider is a company that plays a key role in providing individuals and organizations the access to the internet and other related services like browser.

The Domain Name System or the DNS is a term that is used for the hierarchical naming system which is used to identify computers through the Internet. Especially through the help of an IP address in short.

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2 years ago

In a department meeting, javier shares some research on new software he thinks the company should purchase. roger agrees with ja

katovenus [111]

In this scenario, Roger's behaviour would best be classified as an elaborator.

While working in a group each individual contributes in their own ways.

Benne and Sheats defined roles in a group and classified them in three categories. These categories are

1. Task roles : relate to actually achieving the task goals.

2. Personal Roles : relate to the interpersonal relationships between team members. A highly qualified team, when all team members with a high ego will not be able to achieve the desired goal within the deadline.

3.Dysfunctional Roles: do not contribute in any way to a group. They are only interested in serving their own interests and more often than not, are responsible for disruptions and discord within the group.

The right combination of various roles in a group goes a long way in achieving a goal.

The Elaborator is a task role. The Elaborator takes up an idea and gives his views on how that idea might turn out if it is implemented in the given suggestion.

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3 years ago

Using the allowance method, is bad debt expense recognized in

mezya [45]

Using the allowance method, is bad debt expense recognized in the period in which sales related to the uncollectible account are made.

One of the most typical types of bad debt is credit card debt. Lenders issue credit cards, which let you make purchases on credit. These credit cards frequently have exorbitant interest rates that can soon become out of control.

Bad debt costs are typically listed on the income statement as a sales and general administrative expenditure. Accounts receivable on the balance sheet are reduced when bad debts are recognized, but firms still have the right to collect money if the situation changes.

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1 year ago