Entrepreneurship and Leadership

 https://www.youtube.com/watch?v=4o6v0XIylzA&ab_channel=Educationleaves  Create a production procedure for a product. Choose a product, something that you know how to make and create a production procedure ( step-by-step list ) for it, remember the procedure must be in detailed. Also, you will create a  list of all the materials or ingredients, machinery, equipment that you need. General Ice Cream Processing Steps Blend Ingredients Pasteurize Mix Homogenize Age Mix Add Liquid Flavors and Colors Freeze Add Fruits, Nuts, and Bulky Flavorings Package Harden Example of receiving a Sales Order

  1. Using the accounting equation, what is the owners equity if assets are 40,000 and liabilities are 25,000? a. 25,000 b. 15,000 2. Using the accounting equation, what are the liabilities if assets are 40,000 and owners equity is 20,000? a. 20,000 b. -20,000   3. Using the accounting equation, what are the assets if liabilities are 5,000 and owners equity is 6,000? a. 11,000 b. 1,000 4. Using the accounting equation, what is the owners equity if assets are 41,000 and liabilities are 6,000? a. 47,000 b. 35,000 5. Using the accounting equation, what are the liabilities if assets are 12,000 and owners equity is 7,000? a. 4,000 b. 5,000 6. Using the accounting equation, what are the assets if owners equity is 14,000 and liabilities are 20,000? a. 34,000 b. -34,000

 https://www.youtube.com/watch?v=rllw15xkmUU&t=141s&ab_channel=DrNic%27sMathsandStats  Traditional Graphs used to present results The most common graphs used to expose the results obtained from a market research are pie chart, trend chart and frequency histogram.  Pie chart This graph is used to show the participation of the different elements that integrate the behavior of a variable. For example, if it has been known that 56% of the possible consumers are male and the 44% left are female  Trend/Line chart The trend chart can help the entrepreneur to visualize the historical behavior of a variable. For example, this graph can be used if the sales of a product are known. The following graph shows the monthly sales of goods and services for a year. Frequency histogram / Bar graph  This is a graph of vertical bars in which, the values of the variable are represented over the X axis and the absolute or relative frequencies of the values over the Y axis. The...

  Requirements for an entrepreneurship   https://www.youtube.com/watch?v=Bo1CX4yuv88&ab_channel=SmallBusinessBuilding In the process of describing an entrepreneurship, its necessary to realize in which type of entrepreneurial activity the business is placed. For this, it should be taken as classifying reference to macro-economic activities that tend to be carried out in the country – agriculture, industry and services – each one has its characteristics that the entrepreneur must know about. Each economic activity has its own specifications, so the entrepreneur must be aware of the characteristics that tend to govern, like basic and strategic requirements.    Basic Requirements  -         Design of the productive process according to the economic activity (step by step process) -         Consideration of the resources that the entrepreneurship needs for its operation (list of resources...

  Hello everybody for the end of semester project you will be making a report on topics we have seen during the first and second partial. FIRST, you need to choose a SINGLE product for a business (you will name the business and the product)(Make a short description of your product or service in English). This product has to be designed by you, you don't have to invent the product but the characteristics must be something that you have decided. -  Costs : With the product you have chosen, find information to calculate the monthly cost of making the product for 100 products. (parts, materials or ingredients) -  Expenses:  Calculate the monthly expenses for your business. (administrative and operational) -  Investment : Calculate the investment by adding all the machines and equipment that you are going to need for the business. -  Income : With the information from costs and expenses calculate the monthly income for selling 80 products. (Calculate the price o...

 employer, employee, retirement, pension, remuneration, equity, revenue, expense, debt, supplies, supply, payable, utilities, earnings, tax, shareholders, stakeholders, inventory, goodwill, gross income, financial transaction, balance sheet, financial statement, strength, weakness, indebtedness, efficiency, profitability, liquidity, resources, deliver, savings, credits, asset, liability, working capital, good, company, enterprice, venture, capital, product, services, insurance, shipping, salary, wages, depreciation, advertising, manufacturing, management, expenses, income, cost, investment, breakeven- point, prices, payment, loan, accounting, fix-costs, profit, sales.

 https://www.youtube.com/watch?v=dbhZSrTdFlU&ab_channel=EduCounting Accounting basic principles  To compare two or more companies that are engaged in the same commercial activity, it has been determined that the accounting processes of the financial accounts of a business are performed in a standard way, that means, that the financial reports show the same analysis criteria. This is helpful for when the entrepreneur needs to present financial information to government entities.  Accounting formats The development of the accounting process of the financial accounts of a business revolves around an accounting principal universally accepted. This is called a double-entry.     Debit: Increases in an account (received money) Credit: Decreases in an account (paid money)   Debit and credit of a financial account When we talk about a financial account, it refers to a place with a specific name where we keep records of financial transactions that can increase or...