The amount of cash collections that Emily will report in the Operating Activities Category of its 2017 statement of cash flows assuming that the direct method is used is $2,093,200.
To calculate the cash collections using the direct method, we need to analyze the changes in accounts receivable between the two comparative balance sheets.
The decrease in accounts receivable from $234,900 to $192,200 indicates that Emily Enterprises collected more cash from its customers in 2017 than it did in 2016. To determine the actual cash collected from customers, we need to calculate the change in accounts receivable, which is:
Change in accounts receivable = Ending accounts receivable - Beginning accounts receivable
= $192,200 - $234,900
= -$42,700
Since there was a decrease in accounts receivable, we need to add this amount to sales to arrive at the cash collected from customers:
Cash collections = Sales + Decrease in accounts receivable
= $2,135,900 - $42,700
= $2,093,200.
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WACC for a company: Contemporary Products Ltd currently has $200
million of market value
debt outstanding. The 9 percent
coupon bonds (semiannual pay) have a maturity of 15 years, a face
value of $100
The company's weighted average cost of capital (WACC) is approximately 11.32%.
How did we get the value?To calculate the weighted average cost of capital (WACC), consider the different sources of capital for the company and their respective weights. In this case, the sources of capital are market value debt, preference shares, and ordinary shares.
Step 1: Calculate the weights of each source of capital.
Total market value debt = $200 million
Total market value of preference shares = 2 million shares * $20 per share = $40 million
Total market value of ordinary shares = 14 million shares * $20 per share = $280 million
Total market value of all sources of capital = $200 million + $40 million + $280 million = $520 million
Weight of debt = Market value of debt / Total market value of all sources of capital
Weight of debt = $200 million / $520 million = 0.3846 (approximately 38.46%)
Weight of preference shares = Market value of preference shares / Total market value of all sources of capital
Weight of preference shares = $40 million / $520 million = 0.0769 (approximately 7.69%)
Weight of ordinary shares = Market value of ordinary shares / Total market value of all sources of capital
Weight of ordinary shares = $280 million / $520 million = 0.5385 (approximately 53.85%)
Step 2: Calculate the cost of each source of capital.
Cost of debt:
Coupon rate = 9% (semiannual pay)
Bond price = $1,024.87
Face value = $1,000
Number of periods = 15 years * 2 (since semiannual payments) = 30 periods
We can use the following formula to calculate the cost of debt:
Cost of debt = Coupon payment / Bond price + (Face value - Bond price) / Number of periods / (Face value + Bond price) / 2
Coupon payment = Coupon rate × Face value / 2
Coupon payment = 9% × $1,000 / 2 = $45
Cost of debt = $45 / $1,024.87 + ($1,000 - $1,024.87) / 30 / ($1,000 + $1,024.87) / 2 ≈ 0.0438 (approximately 4.38%)
Cost of preference shares:
Dividend per preference share = $1.20
Market price per preference share = $20
Cost of preference shares = Dividend / Market price
Cost of preference shares = $1.20 / $20 ≈ 0.06 (approximately 6%)
Cost of ordinary shares:
Dividend in the next year = $2.20
Expected dividend growth rate = 7%
We can use the Gordon growth model to calculate the cost of ordinary shares:
Cost of ordinary shares = (Dividend / Share price) + Dividend growth rate
Cost of ordinary shares = ($2.20 / $20) + 7% ≈ 0.17 (approximately 17%)
Step 3: Calculate the weighted average cost of capital (WACC).
WACC = (Weight of debt × Cost of debt) + (Weight of preference shares × Cost of preference shares) + (Weight of ordinary shares × Cost of ordinary shares)
WACC = (0.3846 × 0.0438) + (0.0769 × 0.06) + (0.5385 × 0.17)
WACC ≈ 0.0169 + 0.0046 + 0.0917
WACC ≈ 0.1132 (approximately 11.32%)
Therefore, the company's weighted average cost of capital (WACC) is approximately 11.32%.
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The complete question goes thus:
WACC for a company: Contemporary Products Ltd currently has $200 million of market value debt outstanding. The 9 per cent coupon bonds (semiannual pay) have a maturity of 15 years, a face value of $1000 and are currently priced at $1,024.87 per bond. The company also has an issue of 2 million preference shares outstanding with a market price of $20. The preference shares offer an annual dividend of $1.20. Contemporary Products also has 14 million ordinary shares outstanding with a price of $20.00 per share. The company is expected to pay a $2.20 ordinary dividend 1 year from today, and that dividend is expected to increase by 7 per cent per year forever. If the corporate tax rate is 40 per cent, then what is the company’s weighted average cost of capital?
A chi-square test involves a set of counts called "expected frequencies." What are the expected frequencies?
a. The long-run frequencies that would be expected if the observed frequencies are representative.
b. The actual frequencies that did not occur in the observed data.
c. Hypothetical frequencies that would occur if the alternative hypothesis were true.
d. The actual frequencies that did occur in the observed data.
e. Hypothetical frequencies that would occur if the null hypothesis were true.
A chi-square test involves a set of counts called "expected frequencies." The expected frequencies are The actual frequencies that did occur in the observed data is true. Option D is the correct answer.
The Chi-Square test is a statistical tool for determining the difference between actual and expected data. The categorical variables in the data may also be compared using this test to see if they correspond. Knowing if a difference between two variables that are categorical is due to coincidence or a relationship between them is helpful.
Researchers that are examining survey answer data most typically use chi-square when it comes to categorical variables. Demographics, market and consumer research, political science, and economics are a few of the subjects included in this type of study. It is assessed to see if the frequency distribution of the categorical variable substantially differs from your predictions.
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The difference between the total value added and the total costs incurred is called the ________ of the value chain. group of answer choices
The difference between the total value added and the total costs incurred is called the margin of the value chain.
The margin represents the additional value created by a company through its primary and support activities in the value chain.
In the context of the value chain concept developed by Michael Porter, value added refers to the increase in value that occurs at each stage of the production process. It is the difference between the value of the final product or service and the cost of the inputs used to produce it. Value added can be created through various activities such as manufacturing, marketing, distribution, and customer service.
On the other hand, costs incurred refer to the expenses associated with performing the activities in the value chain. These costs include raw materials, labor, overhead expenses, marketing expenses, and other operational costs.
The margin of the value chain is an important indicator of a company's profitability and efficiency. A higher margin indicates that the company is able to generate more value and revenue from its activities while keeping costs under control. It signifies the company's ability to create and capture value in the market, ultimately contributing to its competitive advantage and financial success.
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Your parents have been advised to save 5% of their income for your college education,
which would include money for housing, tuition, books, and fees. How much would your
parents have saved in one year, following the recommended 5%, if they had an average
household income of $99,948? Show your work. (5 points)
CPI is used to measure: A) the relationship between labor and output produced, B) the price level in economy, OC) the size of GDP, D) the responsiveness of quantity demanded to the change in price. Which of the following price indexes comes closest to measuring the cost of living of the typical household. A) Household Price Index. B) PPI C) GDP deflator OD) CPI Assume given basket of consumer goods cost $425 in 2005; $445 in 2006; and $475 in 2007.
The correct option is option d . CPI is used to measure the price level in the economy. The price index that comes closest to measuring the cost of living of the typical household is CPI. The correct answer is (D) CPI.
CPI stands for Consumer Price Index. CPI is a statistical estimate of the average price of a basket of goods and services purchased by households. CPI measures the price level in the economy and is used to measure inflation.The price index that comes closest to measuring the cost of living of the typical household is the Consumer Price Index (CPI). CPI is the most commonly used index for measuring changes in the price level. CPI measures the average change over time in the prices paid by urban consumers for a representative basket of goods and services. Therefore, the correct answer is D) CPI.
Given basket of consumer goods cost $425 in 2005;
$445 in 2006; and $475 in 2007.Change in CPI from 2005 to 2006= CPI (2006) - CPI (2005)
= $445 - $425 = $20
Change in CPI from 2006 to 2007= CPI (2007) - CPI (2006)
= $475 - $445 = $30
Hence, CPI in 2006
= $425 + $20
= $445 and
CPI in 2007 = $445 + $30 = $475.
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Groups that have a strong interest in the success and outcomes of a business, such as employees, neighbors, or government regulators, are called
Stakeholders are those groups that have a strong interest in the result of the project or a business.
What are stakeholders?A stakeholder is a person or a group that has a vested interest in the course or outcome of a business and has a direct or indirect effect on the business or participates in it in one way or another.
Characteristics of stakeholders:It is any internal and/or external person or organization that has or may have the capacity to affect the activity of the organization.Stakeholders are members of the organization itself (managers, employees, shareholders), suppliers, consumers, neighbors and the market.Therefore, we can conclude that all stakeholders can be classified according to their interest in the company's mission.
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All of the following allow for a monopoly to exist EXCEPT ______________.
a. geography
b. competition
c. a patent
d. government mandate
Economics
Answer:
d. government mandate economics
Explanation:
during the industrial era the government stepped in to stop wealthy monopoly companies from corruption of the government
The correct option is (d) Government mandate economics.
What does government mandate economics mean?The group of people responsible for governing the country is called the government. If some government has a mandate for carrying out any policy or task, then they somewhat get the authority to win the election or vote. Hence (d) is correct out of all options.
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If Blue Llama Mining Company's managers select projects based on the MIRR criterion, they should ______ this independent project.
If Blue Llama Mining Company's managers select projects based on the MIRR criterion, they should accept this independent project.Independent projects are analyzed using the Modified Internal Rate of Return (MIRR) criterion. MIRR is a decision criterion that is used to assess the profitability of independent investment projects.
When the MIRR of an investment project is compared to the required rate of return or cost of capital, a decision to accept or reject the project is made.MIRR is computed using the future value of all positive cash flows and the present value of all negative cash flows that will be generated during the life of the investment. The discount rate that makes the net present value of these cash flows equal to zero is used to compute MIRR.
If the resulting MIRR is greater than the cost of capital, the project should be accepted. On the other hand, if the MIRR is less than the cost of capital, the project should be rejected.Therefore, based on the MIRR criterion, if the MIRR of this independent project is greater than Blue Llama Mining Company's cost of capital, then the project should be accepted.
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The unadjusted trial balance for Gourmet Menus as Information for adjustments is as follows: a. As of December 31, employees had earned $1.500 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,875 of salaries will be paid. b. The cost of supplies still available at December 31 is $1,600 c. The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31 is $1,125. The next interest payment, at an amount of $1,350, is due on January 15 d. Analysis of the unearned member fees account shows $1.600 remaining uneamed at December 31 e. In addition to the member fees included in the revenue account balance, the company has earned another $10,800 in unrecorded fees that will be collected on January 31. The company is also expected to collect $11,000 on that same day for new fees earned in January t Depreciation expense for the year is $21,200. Requirement General Journal General Lodger Trial Balance Income Statement St O Equity Balance Sheen General Journal tab-Prepare any necessary adjusting and closing entries for the current facal yea General Ledger tab-Each journal entry is posted automatically to the general ledger. Use the drop-down button to you the unadjusted, adjusted, or post-closing balances Trial Balance tab-You may view the unadjusted, adjusted, or post-closing trial balances by choosing from the dropdown box below Your choice will determine the reported values on the financial statement tabe Income Statement tab-Use the drop-downs to select the accounts properly included on the c The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection statement Statement of Owner's Equity tab-The unadjusted, adjusted or post-desing balances will appear for each account d on your selection Balance Sheet tab- Use the drop-downs to select the accounts properly included on the balance sheet. The unusta adjusted or post-closing balances will appear for each account, based on your selection Post-Closing tab-Use the drop-downs to indicate whether each account is included on the post-desing trial balance General Journal > Hep
General Journal Entries:
a. Salaries Expense 1,500
Salaries Payable 1,500
(To record accrued salaries at December 31)
b. Supplies Expense 1,600
Supplies 1,600
(To adjust the cost of supplies available at December 31)
c. Interest Expense 1,125
Interest Payable 1,125
(To record accrued interest at December 31)
d. Unearned Member Fees 1,600
Member Fees Revenue 1,600
(To adjust the unearned member fees at December 31)
e. Accounts Receivable 10,800
Member Fees Revenue 10,800
(To record additional fees earned in December)
f. Accounts Receivable 11,000
Member Fees Revenue 11,000
(To record fees earned in January)
g. Depreciation Expense 21,200
Accumulated Depreciation 21,200
(To record depreciation expense for the year)
Closing Entries:
h. Income Summary 42,425
Salaries Expense 1,500
Supplies Expense 1,600
Interest Expense 1,125
Depreciation Expense 21,200
Member Fees Revenue 22,000
Income Summary 42,425
(To close out temporary accounts to Income Summary)
i. Income Summary 42,425
Owner's Capital 42,425
(To close Income Summary to Owner's Capital)
j. Owner's Capital 42,425
Retained Earnings 42,425
(To close Owner's Capital to Retained Earnings)
The adjusting entries reflect the recognition of accrued salaries, adjustment for supplies on hand, accrual of interest expense, adjustment of unearned member fees, recognition of additional fees earned, and depreciation expense. The closing entries transfer the balances of temporary accounts (revenue, expense, and income summary) to the permanent accounts (Owner's Capital and Retained Earnings) to prepare for the next accounting period.
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Which of the following is an example of telecommuting?
A. Setting up a conference call between two different companies
B. Working from home instead of at the company's main office
C. Scheduling a meeting in the middle of the day
D. Using a computer and slideshow during a meeting
B. Working from home instead of at the company's main office
Have a great day!
An example of is Working from home instead
Telecommuting is also known as Remote work
Telecommuting refers to the ability granted to an employee to work from remote place apart from the office.
The reason why Organization allows telecommuting are:
Its helps to improve employee efficiencyIts offers schedule flexibilityIts improved employee retention and attraction.In conclusion, the mode of getting work done have been increasing in recent time because its saves cost for both the employee and employer.
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When will the Mini Toolbar appear?
when you type text
when you press the Delete key
when you select text
when you first open a file
Answer:
It is C on edge 2021
Explanation:
Answer:
(c) when you select text
Explanation:
The tool bar appears when you select text to provideoptions depending on what you would like to do with the text.
why is agriculture considered as a basic level of occupation explain with of explain with example
Answer:
Explanation:
Agriculture is important occupation throughout the world because it is like a backbone to all other occupations and especially its important for we humans to survive. If there is no agriculture then there will not be any healthy population to support any other occupation and hence a very poor world.
State true or false and justify your answer:
Operating leverage emphasizes the impact of using fixed assets in the business.
The correct answer is False. Operating leverage emphasizes the impact of using fixed costs, not fixed assets, in the business. Operating leverage refers to the degree to which a company's operating income (or earnings before interest and taxes) is affected by changes in its sales revenue.
Operating leverage highlights the relationship between fixed costs and variable costs in a company's cost structure. Fixed costs are costs that do not vary with changes in the level of production or sales, such as rent, salaries, and depreciation.
The concept of operating leverage recognizes that a company with high fixed costs and low variable costs has a higher degree of operating leverage. This means that a small change in sales revenue can have a significant impact on the company's operating income.
Conversely, a company with low fixed costs and high variable costs has a lower degree of operating leverage, as changes in sales revenue have a relatively smaller effect on operating income.
Therefore, operating leverage focuses on the impact of fixed costs rather than fixed assets. It highlights the importance of managing fixed costs efficiently and understanding their impact on the profitability and risk of a business. highlights the relationship between fixed costs and variable costs in a company's cost structure.
Fixed costs are costs that do not vary with changes in the level of production or sales, such as rent, salaries, and depreciation.
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What is a negative effect of free trade agreements?
Answer: in particular deplorable working conditions, job loss, economic damage to some countries, and environmental damage globally.
Explanation:
in particular deplorable working conditions, job loss, economic damage to some countries, and environmental damage globally.
Why should you make a personal investment plan?
A. To keep your money as safe as possible
B. To avoid financial risk
C. To meet your personal financial goals
D. To make the most money possible
Answer:
to meet your personal financial goals
Explanation:
HELP PLEASE If in response to an increase in investment of $5 billion, equilibrium output rises by a total of $20 billion, then the marginal propensity to consume is
A) .8
B) .75
C) .7
D) .6
E) .85
Answer:
Pretty sure its B
Explanation:
lets say you have 20 take away 75% of 20 and your left with 5. every 5 Billion is 25%
Answer:
0.75 took the test
Explanation:
how did world war i’s committee on public information (cpi) inspire business in the 1920s?
The lessons of World War I showed committee on public information (cpi) that the only way to stop it was to inform the people about the dangers of excessive stock market speculation.
CPI was established to mobilise support for World War I. President Woodrow Wilson established the committee in 1916 by Executive Order 2594 in an effort to mobilise public perception in support of the war struggle using all available mass communication methods in response to the United States' entry into World War I. To present a favourable picture of both the American war effort, the CPI falsified material based on fact. In his memoirs, Creel asserted that the CPI continually disproved untrue or unsubstantiated reports of atrocities in order to counter the offensive propaganda efforts of "patriotic organisations" like the National Defense League as well as the American Defense Society.
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Why is a city planner an important career
Answer:
Being a city planner is a very important career since there work affects the city that they are working on. City planners create programs, plan out ways to develop land, plans to place buildings and features. Put in facilities, etc.
In your city, most of the buildings and places where are there neighborhoods. Are most likely the work of a team of city planners. It says it in its name. A city planner is a planner who uses there skills to plan out a city or plan out things in the city. The placements of certain museums or buildings are the result of a city planner.
Hope this helps you! :)
Question 7 of 70
What Remarketing audiences cannot be defined by default?
Users who played a video on a website
Users who visited a specific page on a website
Users who speak a particular language
Users who visited a physical store
The remarketing audiences that cannot be defined by default are users who visited a physical store. Therefore, the correct option is option 4.
The reason is that online remarketing tools typically track user behavior and interactions on a website or app, but they cannot automatically track offline activities such as visiting a physical store. Hence, they do not have access to this information by default and it cannot track offline behavior.
Therefore, if you want to create remarketing audiences based on these criteria, you need to manually upload the data to these tools to track and collect the necessary information. In contrast, the other options involve online user behaviors that can be tracked and defined by default for remarketing purposes. Hence, the correct answer is option 4: Users who visited a physical store.
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True or false: An EAP only contains information on what happens during an emergency.
2. What are some banks, non-banks, technology and retail companies? Name 1 of each and explain what they are and what they do?
Banks are businesses that provide a range of financial services, such as mortgages, savings accounts, and loans. JPMorgan Chase, one of the biggest banks in the US, is an illustration of a bank. Financial services offered by JPMorgan Chase include banking, investing, and credit card services.
What are retail companies?Businesses that sell goods directly to customers are known as retail companies. Walmart, one of the biggest retailers in the world, is a good example of a retail business. Walmart runs a network of grocery stores, discount department stores, and hypermarkets and provides customers with a variety of goods and services.
Companies that provide financial services but lack a banking license are known as non-bank financial institutions. American Express, a provider of credit cards, debit cards, and other financial services, is one example of a non-bank financial institution.
Therefore, banks, non-banks, technology, and retail companies are stated above.
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"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
Your brother has cooked the books and skimmed money because he has six kids, one ex-wife, and may lose his home. The corporation's ISP sues the corporation for defaulting on the Web design and hosting contract, which you signed, claiming that the corporation is a sham corporation. You and your mom are personally liable.
False
True
Answer
false (?)
Explanation
I have no explanation
True
Answer:
Explanation:
Did on Edg
silver provided the source of west african wealth as it did in meso-america. T/F
False. While silver was a significant source of wealth in Mesoamerica, it was not the source of wealth in West Africa. In West Africa, gold was the primary source of wealth and was highly valued for its use in jewelry, currency, and trade.
The region had numerous gold mines, including the Bambu and Bure mines, which produced vast amounts of gold during the medieval period. This gold was traded across the trans-Saharan trade routes and made its way to Europe and the Middle East. To summarize, while silver was important in Mesoamerica, gold was the primary source of wealth in West Africa, which was highly valued for its use in jewelry, currency, and trade.
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on january 1, 2016, amazon issues $100,000 in bonds having a 10 percent annual coupon rate. the bonds mature in two years, and interest is paid semiannually. the market rate is 10 percent annually. these bonds are issued at par.
The initial selling price of the bonds is equal to their face value of $100,000.
Based on the information provided, Amazon issued $100,000 in bonds on January 1, 2016, with the following details:
- Coupon Rate: The bonds have a 10% annual coupon rate. Since interest is paid semiannually, the coupon payment will be 10% * $100,000 / 2 = $5,000 every six months.
- Maturity: The bonds mature in two years, meaning they will be redeemed by Amazon after two years from the date of issuance.
- Market Rate: The market rate is given as 10% annually. This rate is the prevailing interest rate in the market at the time of bond issuance.
- Issued at Par: The bonds are issued at par, which means their initial selling price is equal to their face value, i.e., $100,000.
Since the coupon rate and market rate are the same (10% annually), the bonds are issued at par. This implies that the initial selling price of the bonds is equal to their face value of $100,000.
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According to the SBA, service industries account for approximately what percentage of all small businesses?
A. 80 percent
B. 35 percent
C. 70 percent
D. 50 percent
E. 25 percent
According to the SBA, service industries account for approximately 80 percent of all small businesses.
What are small businesses?
Small businesses are types of corporations, associations, or sole occupancies that have a small number of workers and/ or lower periodic profit than a regular-sized business or pot. It defines small businesses by establishment profit( ranging from$ 1 million to over$ 40 million) and by employment( from 100 to over 1,500 workers). For illustration, according to the SBA description, a roofing contractor is defined as a small business if it has periodic earnings of$16.5 million or lower. Small businesses are moreover services or retail operations like grocery stores, medical stores, tradespeople, bakeries, and small manufacturing units. Small businesses are singly possessed associations that bear lower capital and lower pool and less or no ministry.
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a nurse is teaching a client who is rh negative about rho(d) immune globulin. which of the following statements by the client indicates an understanding of the teaching?
If the client indicates an understanding of the teaching, they would say something along the lines of: "So if I become pregnant and my baby is Rh positive, I will need to receive Rhogam to prevent my body from producing antibodies that could harm the baby."
If the client indicates an understanding of the teaching, they would say something along the lines of: "So if I become pregnant and my baby is Rh positive, I will need to receive Rhogam to prevent my body from producing antibodies that could harm the baby." The nurse should have explained that Rhogam is a medication given to Rh negative women during pregnancy to prevent their bodies from attacking the Rh positive fetus. If the client understands this concept, it shows that they have grasped the information provided by the nurse and can take steps to protect their future pregnancies. It is important for the nurse to ensure that the client fully understands the concept and can explain it back to ensure safe and effective care.
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Which is a characteristic of judging approach
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
6. Which of the following is a way that you can put your strengths to work?
A. thinking about achievements you have accomplished
B. identifying paths to entrepreneurship
C. making a decision to become an entrepreneur
D. giving greater freedom for opportunities
All of the aforementioned methods will assist one in achieving the goal-related aim they have set.
What is Entrepreneurship?The production or extraction of economic value is referred to as entrepreneurship. According to this definition, entrepreneurship is considered as transformation that often involves greater risk than is typical when beginning a firm and may also involve values other than just financial ones.
A person who starts and/or invests in one or more enterprises, taking on the majority of the risks and reaping the majority of the gains, is referred to as an entrepreneur.
Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.
According to more specific definitions, entrepreneurship is the act of creating, starting, and operating a new company, which is frequently comparable to a small business. It may also be defined as the "ability and willingness to create, organize and effectively manage a company venture's risks in order to turn a profit."
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technological advances allow smaller companies to compete with larger companies. group of answer choices true false
True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
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