The answer is <u>"B. Entrepreneurs often work long hours and must take on the financial responsibilities of the business."</u>
An entrepreneur is a person who, as opposed to functioning as a worker, establishes and maintains a private company, expecting every one of the dangers and prizes of the endeavor. The business visionary is generally observed as a pioneer, a wellspring of new thoughts, merchandise, administrations and business/or techniques.
Entrepreneurs assume a key role in any economy. These are the general population who have the right stuff and activity important to foresee present and future needs and put up great new thoughts for sale to the public.
Answer:
A
Explanation:
The quantitative theory of money states that MV=PT.
M: money supply
V: velocity of circulation (number of times that a dollar changes of holder in a period)
P : price of a typical transaction
T: total number of transactions.
We can also write the equation as MV=PY, because the value of transactions is equal to the GDP (Y).
If M has a constant growth but there are fluctuations in V, then P, Y or both change.
Answer:
$65,750
Explanation:
Given:
Direct materials = $6.20
Direct labor = $3.70
Variable manufacturing overhead = $1.25
Fixed manufacturing overhead = $10,000
Sales commissions = $1.50
Variable administrative expense = $0.50
Fixed selling and administrative expense = $5,000
Number of unit Produced = 5,000 units
Calculation:
Production Cost = Direct Material cost + Direct labor cost + variable manufacturing overhead + Fixed manufacturing overheads.
= (5000 x $6.20) + (5000 x $3.70) + (5000 x $1.25) + $10,000
= ($31,000) + ($18,500) + ($6,250) + $10,000
= $65,750
Answer:
YTM 10.18%
Explanation:
We can calculate the excel YTM using excel
The YTM will the rate which equals the present value of the bonds and the present value of the maturity
Coupon payment 50 (1,000 x 5% = 50)
time 12
PVc
Maturity 1,000.00
time 12.00
PVm
PV c + PV m = $650.0000
so we got that:
on excel we will enter on A1 any number value
then on any other cell we will enter the formula for present value of the bond:
=PV(A1,12,50)+1,000/power(1+A1,12)
The we use goal seek on that cell to get 650 changing A1
this give us the rate which is
YTM = 0.101828014 = 10.18%
Because of how the formula for present value works is not possible to solve for rate with a given formula. There are formulas which give an approximation result but are not the excet formula.
the excel formula can only be achieve with trial and error, so we use excel to do it more quickly.