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3 years ago

Explain how entrepreneurship and labour are rewarded

Business

1 answer:

kirill115 [55]3 years ago

7 0

Answer:

Entrepreneurship that proves to be successful in taking on the risks of creating a startup is rewarded with profits, fame, and continued growth opportunities. Entrepreneurship that fails results in losses and less prevalence in the markets for those involved. Key Takeaways

Explanation:

Entrepreneurship is the process of starting a business or other organization. The entrepreneur develops a business model, acquires the human and other required resources, and is fully responsible for its success or failure. Entrepreneurship operates within an entrepreneurship ecosystem

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A _____ is formed when two or more companies share resources, risks, and profits without actually merging, to pursue specific op

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A joint venture is formed.

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4 years ago

Read 2 more answers

Widden Company, which sells electric razors, had $320,000 of cost of goods sold during the month of June. The company projects a

butalik [34]

Answer:

Part A. The amount of purchases budgeted for July is calculated below:

Amount of purchases = Cost of goods sold + Closing inventory - Opening inventory

Amount of purchases = ($320,000 x 1.09) + $34,000 - $33,000

Amount of purchases = $348,800 + $34,000 — $33,000

Amount of purchases = $349,800

Therefore, the amount of purchases budgeted for July is $349,800.

Part B. The amount of cash payments budgeted for inventory purchases in July is calculated below:

Amount of cash paid in July = Opening accounts receivable + 75% of purchases in July

Amount of cash paid in July = $37,000 + ($349,800 × 0.75)

Amount of cash paid in July = $37,000 + $262,350

Amount of cash paid in July = $299,350

Therefore, the amount of cash paid in July is $299,350.

8 0

3 years ago

When a financial institution makes a real estate loan to a home buyer, the transaction takes place: - When the buyer proves his

serg [7]

Answer:

When the buyer proves his creditworthiness

Explanation:

In simple words, the creditworthiness refers to the ability of a borrower to pay back the loan to the lender at the specified time and interest. While taking loan form a financial institution the home buyer first have to prove that he or she is able to pay back the loan taken.

Thus, from the above we can conclude that the correct option is A.

6 0

3 years ago

Laverne and Shirley started a partnership. Laverne invested $4,000 in the business and Shirley invested $6,000. The partnership

abruzzese [7]

Answer: Amount of income assigned to Laverne = $2,150

Amount of income assigned to Shirley = $2,350

Explanation:

Given that,

Laverne invested = $4,000

Shirley invested = $6,000

Each partner receive = 10% return on their invested capital

and remaining income being distributed equally between the two partners.

Partnership earned = $4,500

Remaining income = Partnership earned - 10% on Laverne's capital - 10% on Laverne's capital

= $4,500 - $400 - $600

= $3,500

Amount of income assigned to Laverne:

= 10% of $4,000 + $\frac{3500}{2}$

= $400 + $1,750

= $2,150

Amount of income assigned to Shirley:

= 10% of $6,000 + $\frac{3500}{2}$

= $600 + $1,750

= $2,350

6 0

4 years ago

Which of the following choices represents two consumers?

Reptile [31]

Answer:

Option B

Hope it helps..

8 0

3 years ago

Explain how entrepreneurship and labour are rewarded​

Explain how entrepreneurship and labour are rewarded