Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 19.2, Problem 1CC
Describe the personality traits and skills characteristic of successful entrepreneurs.
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Selected comparative financial statements of Korbin Company follow.
Sales
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31
2021
2020
$ 512,008 $ 392,240
2019
$ 272,200
Cost of goods sold
308,229
245,542
174,208
Gross profit
203,779
146,698
97,992
Selling expenses
72,705
54,129
35,930
Administrative expenses
46,081
34,517
22,593
Total expenses
118,786
88,646
58,523
Income before taxes
.84,993
58,052
39,469
Income tax expense
15,809
11,901
8,012
Net income
$ 69,184
$ 46,151
$ 31,457
KORBIN COMPANY
Comparative Balance Sheets
Assets
Current assets
Long-term investments
Plant assets, net
Total assets
Liabilities and Equity
Current liabilities
Common stock
Other paid-in capital
Retained earnings
December 31
2021
2020
2019
$ 54,370
0
$ 36,390
600
$ 48,645
3,870
99,436
90,776
53,339
Total liabilities and equity
$ 153,806 $ 127,766 $ 105,854
$ 22,456 $ 19,037
$ 18,524
68,000
68,000
50,000
8,500
8,500
5,556
54,850
32,229
31,774
$ 153,806 $ 127,766 $ 105,854
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Chapter 19 Solutions
Organizational Behavior
Ch. 19.1 - What are some different types of entrepreneurs?Ch. 19.1 - How does entrepreneurship differ across countries?Ch. 19.2 - Describe the personality traits and skills...Ch. 19.2 - What does it mean when we say that an entrepreneur...Ch. 19.3 - What are the key components of the business model...Ch. 19.3 - What are the advantages and disadvantages of being...Ch. 19.4 - What sources of capital are available to...Ch. 19.4 - What are the associated risks for various sources...Ch. 19.5 - What is design thinking?Ch. 19.5 - What are some advantages of design thinking?
Ch. 19.6 - How can governments reduce barriers to...Ch. 19.6 - How can governments increase positive incentives...Ch. 19 - What are the differences between classic...Ch. 19 - What differentiates an entrepreneur from a...Ch. 19 - What are some major factors that motivate...Ch. 19 - How can potential business owners find new...Ch. 19 - Why is it important to develop a business plan?...Ch. 19 - What financing options do small-business owners...Ch. 19 - How do the small-business owners and entrepreneurs...Ch. 19 - What are the benefits to small firms of doing...Ch. 19 - Describe the financial and management assistance...Ch. 19 - What significant trends are occurring in the...Ch. 19 - How is entrepreneurial diversity impacting small...Ch. 19 - How do ethics impact decision-making with...
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