Entrepreneurship and Leadership

https://www.youtube.com/watch?v=dWOjzjvFPf0&ab_channel=WeGrowPeople   Value Added Tax VAT (IVA in Spanish) It is a tax that is charged on the value of local transfers or imports of personal property, in all its stages of commercialization and on the value of the services rendered.  Who has to pay? -         All persons and companies that provide services and / or carry out transfers or imports of goods must pay Value Added Tax (VAT). -         Those who have paid VAT may use it as a tax credit in the cases contemplated in the Internal Tax Regime Law. -         Additionally, the persons and companies designated as withholding agents through current tax regulations, will withhold VAT in cases that warrant. -         This tax is declared and paid monthly when transactions are taxed and / or when VAT is withheld, and semi-annually whe...

 https://acct2331.com/chapters/1/problems/account-classifications-1 https://www.liveworksheets.com/w/en/accounting/1309646

  Unified Basic Salary It is the minimum income that a worker receives as a right to the work performed during a month; It should be noted that this minimum income is adjusted by the Ministry of Labor on an annual basis. For example, for 2016 a basic salary equivalent to US $ 366 has been established. For the year 2022, the basic salary is US $425. In 2023, the basic salary is 450 USD. Currently, this amount is 460 dollars Living Salary It is the product of the result of dividing the average value of the basic family basket registered in the year being calculated for the number of family earners established by the National Institute of Statistics and Censuses (INEC). If a worker has received monthly, as total remuneration, which includes basic salary and other social benefits, a value lower than the living wage, the company is obliged to cover that difference with its own funds. Overtime An ordinary worker is obliged to work 8 hours a day, 5 days a week. Although there is the figur...

 The market supply and demand functions for a given good are:   You are asked to: 1. Calculate the equilibrium price and quantity. 2. Explain what would happen if P = 170, and if P = 110. 3. Make the graphical representation of the two previous questions.Remembering that we must always indicate clearly: - The titles of the axes - Equilibrium price - Excess demand and excess supply - Legend - The scales must be well proportioned and have to be in relation to the data in the table. data in the table.  https://www.youtube.com/watch?v=Srg5iAp68rw&ab_channel=InLecture The market It is a social institution where sellers and buyers interact. The plans of those who are going to sell are embodied in the SUPPLY curve, while the plans of those who are going to buy in the supply curve, while the plans of those who are going to buy in the demand curve. DEMAND curve. Supply and demand determine the price and quantity. Classification of markets The market is the economic scenario wh...

  Classification of Costs. Production and Operational Costs and Expenses.   Direct and Indirect Cost In any business, you have two kinds of costs:  direct costs  and  indirect costs . A  direct cost  is the cost of producing goods or services (e.g. raw materials and labor). Direct costs are only reported when the goods are sold. If the goods are not sold, the goods remain as an asset on the balance sheet. An  indirect cost  is an operating cost that remains about the same whether you make any sales or not. An example would be rent–it stays the same whether a restaurant serves 50 people or 150 people.   Fixed and Variable Cost Fixed costs are predetermined expenses that remain the same throughout a specific period. These operating costs do not vary with output or how the business is performing. To determine your fixed costs, consider the expenses you would incur if you temporarily closed your business. You would still continue to pay for ...

 https://www.youtube.com/watch?v=GqeRnxSuLFI&ab_channel=OneMinuteEconomics Economy applied to Entrepreneurship.... The knowledge about the behavior of variables that explain the environment in which a productive activity takes place is key for the entrepreneur at the moment of choosing and defining the strategy that will allow them to take advantage of opportunities and defend against threats.    Economy of the Market All people that have needs such as, clothing, education, eating and recreational can be solved through the acquisition of goods and services.   Goods and Services A GOOD is an object people want that they can touch or hold. A SERVICE is an action that a person does for someone else. Examples: Goods are items you buy, such as food, clothing, toys, furniture, and toothpaste. Services are actions such as haircuts, medical check-ups, mail delivery, car repair, and teaching. Goods are tangible objects that satisfy people's wants....

Basic Profit and Loss Statement Another instance that takes part of the final step is the generation of the profit and loss statement. In which it shows the profit or loss generated by the entrepreneurship according to income, cost and expenses.   Characteristics of the Profit and Loss Statement The profit and loss statement is a financial report that summarizes, only for a period of time called accounting period (month, trimester, semester or year). The accounts of income, costs and expenses that make part of this statement; at the end of the accounting period are emptied and at the beginning they will start at zero. In the case of the balance sheet, it does not restart.   Importance of the Profit and Loss Statement When the entrepreneur needs to know the value of the profit or loss that the project is generating. Also known as the result balance, it is the addition and subtraction of incomes, costs and expenses. It is important for the entrepreneur to know the development of...