Generally an Entrepreneur is seen as someone who starts a new business project. They are also seen as people that have a talent for seeing opportunities and proceeding to make it as profitable as possible. Some Entrepreneurs have managed to become successful in the business market and build an image‚ however not all Entrepreneurs have been successful in implementing ideas and business ventures. "Entrepreneurs who are fearless‚ adventurous and ’modern’ usually build the best business fortunes‚
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: [ 4 x 5 = 20 marks ] (ii) Anil and Mukesh are partners sharing profit and losses in the ratio of 3 : 2. Govind is admitted for ¼th share of firm. Thereafter Madan enters for 20 paisa in a rupee. Compute new profit sharing ratios under both the admission of partners. (iii) The following Goodwill Account was opened by the partners of R and S‚ on the admission of H as a new partner into firm Om and Sons. Calculate the share of profit agreed to be
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Capital Structure and Profit Capital Structure Definition A unite of a company’s long-term debt‚ specific short-term debt‚ common equity and preferred equity. The capital structure is how a firm finances its overall operations and growth by using different sources of funds. Debt comes in the form of bond issues or long-term notes payable‚ whereas equity is classified as common stock‚ preferred stock or retained earnings. Also‚ Short-term debt such as working capital requirements is considered
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The movie " The Gods Must Be Crazy " describes a tribe from the people of the Calahari‚ a place in Africa‚ coming in contact with a coke bottle dropped from a plane. A tribesman is struck on the head and thinks it is a gift from the gods. Shortly the tribe discovers wonderful uses of the bottle‚ but they also find later on that there is anger and violence whenever one is using it while someone else needs it and wants to use it. So one bushman decides to walk to the end of the earth and return the
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Profit Maximization model helps to predict the price-output behavior of a firm under changing market conditions like tax rates‚ wages and salaries‚ bonus‚ the degree of availability of resources‚ technology‚ fashions‚ tastes and preferences of consumers etc. It is a very simple and unambiguous model. It is the single most ideal model that can explain the normal behavior of a firm. It is often argued that no other alternative hypothesis can explain and predict the behavior of business firms better
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Kelly Zhang Mr. Go ENG3D1-09 19 October 2012 Love Must Not Be Forgotten “A revolution is not a dinner party‚ or writing an essay‚ or painting a picture‚ or doing embroidery; it cannot be so refined‚ so leisurely and gentle‚ so temperate‚ kind‚ courteous‚ restrained and magnanimous. A revolution is an insurrection‚ an act of violence by which one class overthrows another”– Mao Zedong. In the short story “Love Must Not Be Forgotten” author Zhang Jie reflects on her Chinese identity and the
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The Diversity Profit Equation Corporate White Paper Written By: Craig B. Clayton‚ Sr. Published By The Diversity Profit Rutgers University - Paper Attached Journal – “The Diversity Factor” Equation dPE This document explains the process of calculating the impact of Diversity and Inclusion efforts on the organizations top line‚ bottom line and pipeline. It was written by Craig B. Clayton‚ Sr. one of the worlds leading experts on D&I and ROI. He holds a process patent on the Diversity
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Being your own boss has many obvious advantages. The main advantage is that you are in charge. You have the opportunity to do something you really believe in‚ for instance offering a new product or providing a new service. The another advantage is that you do not have a boss watching over you‚ which gives you more freedom to do things your way. Finally‚ the greatest advantage of all for some people‚ you could also become extremely rich if your company become successful. This all seems very tempting
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Assignment 2 (20 points) Assignment 2: Costs and Profit Instructions Save this file in your course folder‚ and name it with Assignment‚ the section number‚ and your first initial and last name. For example‚ Jessie Robinson’s assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day‚ be sure to save your
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undergraduate cost accounting background‚ they will want to raise right away the more detailed and subtle cost behavior issues. Nevertheless‚ we have structured the chapter so that instructors wishing to retain the approach used in some earlier editions can do so simply by assigning only the sections preceding ’’Cost Assumptions" initially. Then the rest of the chapter can be assigned just before Chapter 26. One of the common sources of confusion about fixed costs and variable costs is the fact that fixed
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